Hello from the latest newbie trader!

Community Introduce Yourself
1

Hello everyone!

My name is Jesse, and I am just going through the School section of the site. I got interested in trading forex as a way to make believe I am a big powerful Wall Street shark (not really, that was a joke) but also as a means of part time income supplementation.

My main job is a business intelligence developer where I spend all day analyzing data, building data warehouses, and creating reports and dashboards to help people understand the data. I thought that forex trading would be a nice pivot that could utilize some of my existing skill set and provide me with around $150 - $500 a month of extra income (once my account gets up to a good balance).

I also find analyzing the charts and executing the trades to be very fun. I am still learning, so I haven’t done any actual trading, just playing around with the paper trading feature on trading view. My goals are to once I finish going through the School section to develop a trading plan focused around trend continuation strategies, back test it with historical data, then demo trade it for a few months, then find a broker that will open up a $2,000 account for some real money trading.

I am looking forward to hanging out and learning from you all!

2

Would you approach training for professional sports with this supplementation mindset? You’re underestimating the degree of difficulty.

3

So you are saying that it’s not possible to make a part time income trading??? Or is your objection the fact that I am not going to trade for 10 hours a day??? I am not looking for a full time income here, just a few dollars on the side doing something I find fun. I am certainly not “training for professional sports” and even taking one or two swing trades a week should generate profit once I find a strategy with a positive expectancy.