I’m Timothy from Nigeria.
I lost all my capital in forex and I’m hoping for a fresh start.
To get the basic understanding, you can go to the education section of this website. Whether it's stock or forex we need technical analysis skills and a trading mindset. Remember it takes time to learn.
First and foremost, you need to identify just what caused you to blow your account, and focus on rectifying what went wrong. Also, on what went right. Keep a daily journal to record your trades.
Once you have a handle on what went wrong - it’s usually a lack of emotional control, you’ll need to find ways not to repeat the same going forward. That’s not easy, but the end reward would be success.
As for a strategy, keep it simple - buy when the candles are going up and sell when they go down. To make chart trends crystal clear use Heiken Ashi candlesticks instead.
Best of luck this time.
Hello Timothy. Losing capital is a normal thing in forex. But don’t let it discourage you. Just keep on trading. You will be able to earn money in a short time.