Hi guys. I’m Melvin and I’m totally new to forex. Currently still reading through the babypip lesson. Will try to get to master the necessary knowledge. Is there any recommendations for a newbie like me?
Greetings Melivn and welcome to the community! Glad you chose to begin your forex journey here, and if there’s anything I think a newbie should understand, it’s a couple of things. First, trading is a skill that takes dedicated, consistent practice of market observation/action/and reflection–there are no shortcuts. Second, losses will happen, but if you focus on mastering the core skill of maximizing winners/cutting losers, then those frequent small losses won’t matter in the long run. And lastly, no matter what, don’t quit. If you put in the work and practice, the longer you survive the better your chances of finding your niche and becoming successful. This will most likely take years, but the potential reward far outweighs the time put in, especially if trading becomes your passion. And as a bonus, read books on successful traders and their stories. You’ll learn far more from those books than strategy and analysis books. Hope this helps. Good luck!