I’m just finishing getting my account stuff set up and getting familiar with BP. I’ll start the school program today or tomorrow and chip away at it through the week. I’m wrapping up a project at work this weekend so I’ll be jumping face first come the following week.
To me, I don’t want to hold trades over night. I won’t sleep with open positions. I already know that. I’ll go bonkers. My plan (as much as someone can plan before they even learn how to do anything anyways) is to gear my strategy to semi-long term trades like, over a few hours. Not minutes. But not days either. Trading on daily trends over the course of a few hours might be something that interests me.
I’ll bookmark and review the threads you posted. Straight forward is exactly what I’m looking for right now. Nothing complicated. Boring = easy. Easy = profitable. Profitable = low risk.
I’m not looking to scalp a billion dollars my first day. I’m in no rush. My goal is to ease into it with a conservative yet reliable strategy, tight, strict risk management and a modest bankroll to start.
To be quite frank, getting set up in Forex is very similar to training for competitive poker (which I have done). Risk management, bankroll management, playing the trend and hammering out plays based on +EV.
If I keep making the positive EV move on the market, eventually it’ll win more than it loses. That’s the mind I have coming into it anyway.
Thanks for the resources!