My name is Will Hutch from New York, US Navy veteran, currently living in the Middle East with high aspirations to migrate to Canada to settle. My good friend suggested this for me for I am a newbie, but ready to make it happen.
FX trading is simple but not easy. You will have a long journey to success, there is no short cut.
Two tips - focus on NOT losing money, this is CRITICAL. Wirthout money you cannot trade.
Also, aim for a positive probability of being on the right side of a trade. The difficulties is that price action movement is like surfing in continuing moving waves - and for every trade if I buy and you sell, we can both win, both lose, or one loses and the other wins. There are NO other outcomes.
And that’s tough to manage as it tests our emotional control over every running trade. Do we close losing trades, nurse them, or what? And do we let winning trades run or take the profit early?
Hopefully, that’s an insight of what lies ahead of you. Best of luck.
Great name , welcome to BP