Hello everyone!!
My name is Kyriakos and am a quite new forex trader with hard willing to learn everything about that art called trading.
Already i have made some self education about this world and i think that a learned a lot of staff since day 1 but my hunger to learn more and more every single day never ends.
I have a lot of ambitions and dreams and I will not stop, even if I accomplished all of those.
I will love to discuss with all of you guys, learn from you as a newbie and if I can, help you with your ideas by comparing our ways of thinking.
Let me feel free to ask any quetions and if anyone want anything from me I want to feel free to ask
Thank you for your time
Great greedings!!!
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Greetings!!!
I’m called Maureen Gwanmesia, a cameroonian. I’m not actually a newbie per say though but I’m excited to be amongst you guys.
to learning from you guys and getting the goals.
Welcome. It will take many years to ‘master’ FX, so your first aim should be to become a competent trader.
- First and foremost learn HOW NOT TO LOSE MONEY. Protect your capital at all times. Without money you cannot trade.
- Keep risk exposure low, e.g. max 1% a trade, and a 5% daily maximum. Keep to it every day. Do not overtrade, revenge trade, or gamble.
- Cut losing trades early, do not nurse them. Let winning trades run to a TP range - take 50 -70%, move your S/L to breakeven, and let the balance run to a higher T/P.
- Discipline and patience are essential. Do not expect fast returns, just slow and steady profitable gains.
- IMO, setting targets is a fast track to failure, let the profits take care of themselves. Once competent, you should increase your lot size while making profits, BUT take it one step at a time. NEVER RUSH.
- Keep a journal, analyse and rectify mistakes.
- Another link: tradertom.com.
Best of luck.
self education is good there is no way to ignore but besides any kinds of education its more appropriate to emphasis on practice session , otherwise the result of trading could be dangerous.