I’m a beginner I spent my entire 3 months learning synthetic indies that always blew my account just recently someone say that indies isn’t for beginners as isn’t likely predictable so I switched to currency pairs am now up to 1 months plus demo trading in currency pairs I see the market movement and it’s predictable and easy to follow I’m about to deposit 100$ and start live trading but my emotion is very high even in demo account i don’t want to accept lost and I’m greed someone say i need a mentor to teach me how to control my emotions what should I do and I don’t have money for mentorship now is forex for me? 100$ account what lot size can trade
1 Like
Trading forex is almost pure TA.
TA is simply a way of finding the most probable near-term outcome from recent price action. So if you see on a chart TA features A, B and C - the next most likely feature you will see will be D. All the trader needs to do is place a trade after C but before D.
The best way to ensure that you are not afraid to place that trade are to actually do it, again and again and again. The cheapest way for this is through a demo account, but some put the emphasis on back-testing, some on running tiny real money positions. All three methods will work.
Just make sure that you get out before E or F.
1 Like
Start with Pipsology and stay in demo until profitable.
Good luck!
1 Like
a demo is good but I mostly prefer a micro account which is very supportive to acquire live trading knowledge and experience.
1 Like
Demo are good for practice or experimenting some when transferring their methods from demo to real will do exactly the same risk management ect , others might 'go off the rails "abit and blow up their account s…
1 Like
Thank you so much for this guideline my issues once again is this method of TA I’ll spot an early trend and wait to place a trade at B and when i get my final confirmation like a break and retest I’ll still wait again for 2 more candles before I get in and this time trend is ready to pull back and retest my entry level with my small account size I would close trade with loses… with this method of TA I’ll rethink again and learn my mistakes in my demo
Ok thank you
Thank you I already trade both demo and live account my first experience in live account was very awful Because I didn’t know the do lost money in trading and I didn’t even know what forex is just a ads on Facebook it was so excited and easy
in my demo account I click the button and leave the market for few hours when I log in to my account my demo account was already 20% up I did this twice the return was massive all my thought was that the more hours you leave a trade to run the more profits you get
sadly for me that was the first time I hear margin call before I even learn about it
So this time I learn what is forex how it’s trade I started live account again and blown it up
I show someone my history all he was saying was that I should work on my risk and rewards risk is more than reward and more importantly my entry is bad… work on your entry you I’ll be fine he say…
I myself have issues of emotion and greedy
But thanks to this platform I’m getting better learning very everyone here
thanks Mate for your nice reply , got some fine lines.
1 Like
I started like that, too. I would open a trade, go to sleep, and close it when I wake up. It worked a few times, then it didn’t…
I had no clue what I was doing. I was trading on my phone…it was a disaster.
1 Like
Welcome!
You don’t have to spend money on a mentor to learn to control your emotions. I never spent a dime on one, struggled with anxiety in the beginning, but figured out how to deal with it.
The internet is filled with resources for that, you simple need to learn more about trading psychology. There are techniques to help you calm down and manage emotions, plus you can follow rules like set and forget to avoid making spur of the moment decisions based on things like greed. I would familiarize myself with the different emotions that can affect trading so that you can identify if any particular one starts affecting your trades.
Good luck! 
2 Likes