Hey pips! My name is Joanna, I am 33 years old, married and a momma to a toddler! I currently work as Revenue Cycle Specialist. As a working mom the hardest thing for me is not being able to be with my daughter Monday through Friday 9am-5pm. I am here so that one day I do not have to punch in and out and that I can enjoy spending my full with my daughter as she rightfully deserves it. This is for her present and for her future! I love you Mia!
Hello and Welcome to the Babypips forum @Joanna1987!
As a beginner learning Forex you’re in the right place. Check out Education section here at babypips. (It’s completely FREE). Learn How to Trade the Markets There you’ll find School of Pipsology, Trading Quizzes and Forex Glossary. Everything you need as a newbie starting this field.
If you’re looking for good books to read check out this post by pipcrawler Pipcrawler’s Favorite Trading Books updated. Lot of book recommendations there find what you can and read them too.
If you’re looking for YouTube channels. TastyTrade, Adam Khoo, Candice B, Trading Rush, Investopedia has been recurring recommendations from many traders. Watch as much as you can and gather knowledge from them.
Investopedia and Forexfactory are another two great sites to learn the basics other than babypips.
One of the most important tools for a trader is Trading Journal. Check out the trading journal section in the forum to learn how traders keep track. Trade Journals - BabyPips.com Forex Trading Forum
Addition to these FX related channels invest your time to learn about Trading psychology, Risk Management and Decision making . Find any article or video you can and refer them.
Other than that, there are many interesting sections in the forum. It’s not time wasting to spend time there reading and learning. Check out every section you can and learn something from everywhere.
These are just a few tips to begin. There are many sources out there GOOGLE is the GOD if you have any question you just have to type it and He’ll give you not one by multiple answers.
Try all this and open a Demo account and trade at least for 6 months . Most people get confident around one month and start investing real money but most of them fail. One month of demo trading is absolutely not enough to understand anything. So trade demo at least 6 months to get a proper understanding of the chart pattern behaviors.
Having said all this, I also must tell forex is a risky business. It’s a High Risk, High reward situation. Many fail. From their own fault. Not spending enough time to educate themselves. Not understanding the basics. But with all the resources available you only need patience to educate yourself. Then you can go for the prize!
IMO, Joanna, I suggest your current lifestyle would not suit FX trading - you would need to spend even less time with your family than currently while you learn how to trade FX properly and proficiently. And even then there’s no guarantee you’ll make money. That’s the reality.
FX is simple but not easy - far from it. As you’re here on this great site, take a look at the education courses on here and see if it would suit you.
Sorry I cannot be more encouraging, but best of luck.
Hey pips, My name is Amy I’m from the Bahamas and I believe trading is gonna take over the world some day. I’m 22 and plan to become to better person through forex exchange market
most welcome in this community , you are very young , i hope you will enjoy the environment with great level of learning. happy trading and good luck
have you finished any kind of basic level at all ? if not its more appropriate to start with psychology of school.
I am in school, now in kingergarden
Welcome to the community, Joanna. Just remember that being successful in fx won’t come easy. You have to put in the hours and hard work to even have decent results in trading. Remember to be patient as you go through the learning process. Good luck.