Hello y’all from the US!

Hi y’all! Greetings from the US. Excited to be here and make new friends and learn and become successful trader. I am based in US (Los Angeles) . Long time ago I had some experience getting into the forex trading world, however didn’t really take it seriously, hence, now I want to dedicate myself into fully learning the trading world and become a successful trader. Hopefully make it as a main source of income.

Thanks.

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Welcome! :wave: Great to have you here. Looking forward to your insights and experiences—hope you find this community helpful!

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Thank you. Well I would say definitely I will be looking for your helpful insights and knowledge. Let’s say I had long time ago a bit of experience with trading on demo accounts, but wasn’t really into it neither took it serious. Now, I decided I will devote my time to learn, study, practice and get my hands deep into this, as well as be of a help to the other new folks who want to get into trading seriously.

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That sounds like a solid plan! :ok_hand: Looking forward to seeing you grow and share your experiences along the way.

Well that’s what I am aiming on doing. What about you? How long have you been into the trading world or are you like me still learning and stuff.

Well, I’ve been trading for about 2 years now, but I’m still learning and trying to improve. Managing emotions and avoiding revenge trading is still a challenge for me :no_mouth:

Damn lucky you. Good for you. 2 years wow. I hope you making progress and yes learning my friend patience and practice. Oh I bet the emotions are nuts if you are trading “live” but hey as long as you are smart and educated and apply your techniques and methods you will succeed.

Btw it’s super late in here I will hit the hay, but what are books for beginners that you might suggest. I have a few one was trading for dummies or smth like that but I think I will study the lessons here I definitely like it and it’s tons of info . But won’t mind if you let me know what books you read so I can look into them as well. Thanks

There are so many books etc on trading.
I think it would perhaps be a good idea (if you haven’t already) to decide on a few general parameters first, a few examples:

  • How much capital you want to commit to a trading account (even if you start with a demo acct it is worth thinking about how much you will be trading with when you go live). This will help in deciding other issues such as:

  • How much time you want to devote to trading analysis. Some people want to trade longer term and look at charts at the end of each day. Others want to site in front of a screen for 2-5 hours per day and trade very short term positions. Others trade something in between these two examples.

  • What instruments interest you and how many. Some will stick with forex pairs, others with indices, others with crypto, others with commodities, etc. It helps to find instruments in which you have a personal interest in following as well as trading.

  • Whether you want to do analysis based on fundamental data or technical analysis of price movements - or combination of both.

  • Whether you prefer to trade on a discretionary basis where you make the final decisions based on your chart analysis or developing a (semi) automated trading system where you just trade the signals and rely on a consistent success rate over time.

These are just a few suggestions. Once you have a general idea of your aims and preferences then you might find it easier to locate trading material that matches these interests.

It is definitely worth using a demo account during this process so that you can experiment freely. But (eventually) worth treating the demo acct exactly as though it were your real acct, .i.e. applying risk parameters and managing the balance as well as just looking for gains.

Maybe I am preaching to the already converted, sorry if this is too basic! :slight_smile:

Looking forward to how you do :slight_smile:

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