I'm a 25-years-old electronics engineer from Italy.
I discovered forex more or less 3 years ago from a collegue I had at that time: as a firmware developer, I started programming Expert Advisors for MT4, but honestly without any result. I left the forex world after a while, and then here I am, at the end of the last summer I came back willing to study forex and work on it "manually".
I've read almost all the School of Pipsology topics and I've trade a lot on DEMO accounts; it looks like that I'm not a good scalper (too much anxiety) and I'm not a very good swing trader (I don't like the sense of lack of control of a trade left alone at night), so I'm thinking to follow the 3 ducks strategy for day-trading
I've never started trading on a live account because I think I'm not ready at all: I've tried to follow different strategies, but any of them seems to work so far.
I've just a couple of questions for someone who knows this world better than me:
- Is it possible to Day-Trade looking at the screen for 3-4 hours each day?
- Is the 3 ducks strategy good for a newbie?
- Considering that I would start with a 10k account and that I don't want to risk more than 1%, does someone know a good risk management strategy (Lot sizing, Stop Loss placing etc) to suggest me? I only want something to start from.
I hope that my introduction and my questions are clear, if not, please ask!
Thank you everybody, this website is great!