Its Sexophone here from planet earth. Truly speaking i’m a newbie to trading but i being doing a bit of my lessons using an Olymp trade platform, where i never made a dime always made losses since i started using a life account 21st February 2021. I have been watching alot of trading videos on YouTube since 29th August 2020, doing my practice using IQ practice account.
Yes, a lot more to learn ‘how not to lose money’ when trading a live account. Cut losing trades quick - do not keep hoping they’ll reverse back in your favour. And let winners run.
From your trades, see if you can identify your mistakes - and do more of what works and less of what doesn’t.
Beware, the FX markets are unpredictable, volatile, quick to react, and it’s becoming harder to identify whether a trade is going to be successful or not. Better to assume right at the entry point they’re all losing trades and let the market prove you wrong.
This emotional control saves a lot of pain.
most welcome in this forum , its a more appropriate place for the traders who are particularly beginner’s , i hope you will enjoy the environment with great level of learning.