I thought I would say hello, I have been trading on and off for about 15 years in the Forex market, and I have learned a lot during this time but have not always been able to apply it.
As I am naturally quite introverted, I decided it was time to stop being a lone wolf and join a pack of wolves, as I feel that can help when you have other traders who understand Forex and the struggles and emotions that come with it.
Friends and family don’t really get it but I love them anyway and the people here I expect have some sort of interest in Forex and that’s why I am here.
I look forward to connecting with other like-minded individuals and trying to help people by adding my two cents if I think it can help. I have done many many mistakes throughout my Forex Journey and hopefully, I can share a few experiences so someone can gain some wisdom from it
Welcome aboard. Perhaps you could share why, after fifteen years of FX trading what is your current situation, and your mistakes that cost you. Best of luck.
Hi! You’ve been trading for quite a while, that’s impressive! I hope to say I’ve been at it for that long in the future. Glad that you decided to join here
Thanks for your question, where I am at now with my trading is that it is a nice 2nd stream of income if I choose to take profits.
I have other accounts that I grow as a lot of my trading is done part time I am profitable, not a millionaire but I can use the funds to invest in other ventures and enjoy some of my profits and help family out, I dont always win every trade and by trading part time it allows me to keep my mind on other things in my life as I went through a period of Fear Of Missing Out as all I was thinking about was the next trade this opportunity and that.
It wasnt good for my trading or me mentally the stress that I placed on my self during that period was a lot, now its less stressful.
The feeling of FOMO can still come at times but now I will pull myself away from a screen and find something to do.
I also have a trading plan which helps big time with my discipline and keeps my accountable along with journaling.
I think being undisciplined and being too greedy as in over leveraging or taking too big posittons for my account wanting to make that big trade pay has cost my a lot of money in the past.
I did make a few big winners but I soon gave the market back its money by trying to think that I was smarter than the market.
As I have seen a few market cycles you tend to see things happening again and again and if you are patient you can ride the trends but the most difficult part is waiting.
An excellent reponse, I hope every newbie will read and take note of the reality of FX trading.
BTW I was born in London, emigrated to Thailand on my retirement. I’m a hobbiest breakeven profitable trader, two and a half years into writing my daily journal, now 42K words.
Hey Steve, that’s great I hope you are enjoying your retirement in Thailand, 42k words in your journal thats pretty impressive mate. I don’t know about you but when I look back over my journal it is really interesting to see my progress and how my thinking about trading has changed…
Its refreshing to read your realistic posts, clearly based on personal experience in forex - most new members are also brand new traders. They are the life-blood of babypips and need support but all they bring - all they can bring - is ambition. I look forward to your posts.
