Hi There,
I am new to forex and babypips. Like most newbies, I am here to learn so let me first say thank you to everyone who uses their time and knowledge to help us newbies.
I got into forex in January but it has been something I have wanted to do for years. I am not looking to get rich quick but doing it as enjoyment, self satisfaction and of course for profit.
Like many before me no doubt, I lost £150 during February by practicing and learning the market. Not a wise way to start but helped me to decide a goal plan and it taught me to respect the forex. Also, the loss of my funds hurt, and that has made me more careful.
For the last 3 weeks I have been using a demo account using signals. I have done quite well using this method. Again, it helped me to gain a plan.
On Friday I started using my live account and currently up by 48 euros. I am not daft and know that with the good come bad times but I am dealing small and not taking large risks. The reason for using this method is that even though relying on signals, I am learning in regards to patterns as well as having a daily experience of trading.
My intention is to continue along this bath while I improve my knowledge using the babypips training lessons. While doing that, slowly increase my profits and build up my investment. I am aiming to increase my £300 euro investment to 1000 euros. Hopefully from there I can increase my profit quicker.
All the above said, I want to enjoy this whole experience and journey.
I work full time and able to keep an eye on my trades through the day. I am 58 years old and look forward to getting to know you all.
Thanks
Charllie