I am an engineer who is sometimes bored at work. Thinking I should use my spare time to find other ways to make money. As well, I enjoy a good challenge.
Just started researching trading. Picked up a book on day trading “How To Day Trade Stocks For Profit” by Walsh, Harvey. Been reading that and also started the school of pipsology.
Since I work during the weekdays I figured forex trading might be the most convenient way to get my feet wet. I look forward to interacting with the community and learning all I can.
There are so many different views on this forum and methods, and since every trader is different you will need to do some soul searching to figure out what sort of trading is right for you. Try a bit of everything always on a practice acount and read through babypips school, and when you finish, read through it again.
I’d recommend a few threads to follow but it really comes down to what type of trader are you looking to be, so I recommend you first go through all the quizes, and read babypips school and decide, ok i’m interested in discretionary trading or mechanical trading, and on what timeframe, swing trading, position trading, and then come back and we’ll give you some better ideas
FOR SURE I recommend you start from the beginning by concentrating on Price Action, the worst thing you can do is get caught up in a minefield of indicators.
And whatever happens don’t get discouraged, there are a lot of traders on here that after 8 months get frusterated and start complaining, this is the worst you can do to yourself, if it takes you 2-3 years to become profitable so be it, hopefully in 1 year you’ll have some notions but be patient.
