I personally just want to start trading in the forex market because I already trade some stocks. I joined a “Team” with IM Academy and didn’t learn nothing nor did I learn to make trades. So I’m hoping this can be where I find the trading insights.
If you take the time to do the Babypips education first, then go through the threads, the journals then you should be able to learn LOADS.
Just realise forex isn’t a fast buck, there is money to be made once you get the hang of it, BUT it needs hard work and effort.
RISK management is the NO1 think. No matter what your system or edge you develop, you will not win 100% of the time. if you go all in, or even heavily in on each trade you could make huge returns… but you WILL sooner or later blow up your account.
Make risk management one of your biggest focuses once you learn the basics, and with some effort you will make money long term.
I know where your coming from 100%
Unfortunately there is no shortcut you will have to learn develop a strategy and build from there.
I was with I’m for nearly 8 months paying the subscription and not making anything
Let me know if you need anything but unfortunately there isn’t a magical pill you can take, you need to learn and practise
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What sort of trading strategy or strategies do IM teach just out of interest?
They have their own algorithms for example harmonic scanner which scans the market for harmonic patterns but essentially it’s an mlm scheme
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Forex trading will surely prove to be a great choice for your career. There is so much learning and practising that you will have to do to become a successful forex trader.