Hi my fellow Fx newbies, Am Sadiiq. I had one hell experience in fx trading.
when i joined 9 months ago
one of my colleagues introduced to me. It was exciting to me as it promised getting rich sooner.
I have seen those tantalising lifestyle of so called 'proffessional traders".
With my little knowledge ,i headed to youtube to watch on how to trade.
After watching few vids. I thought i was ready for the challenge. Then opened my real account an started trading.
I did my so called 'analysis".
To make a long story short, In my first 2 weeks of trading, a blew 3 accounts. which was hard to swallow, given how i needed the capital.
Then enough was enough, I learned that forex was not a game, and it required knowledge and skills.
My search for Forex books and courses began. Thank God I came across BABYPIPS, i took its course. After 3 months i feel confident in my fx journey and wants to learn more about the markets
sounds really good that you fixed your mentality for learning. actually there is no way to stop learning and their is no ending of learning , its a continues process.
I’ve said this before, you want be the first and you won’t be the last to do this, this is a marathon not a sprint, the real lesson is you say you blew the accounts and needed the money, first lesson in trading only use money you can afford to lose.
It is good to see that you are learning Forex because it is very necessary to be successful in Forex trading. Learning has no end and you should continue the process and keep learning new things and updates about Forex.
The Forex market is highly volatile market and it involves a lot of risk, you never know how market going to play. Learn more about trading and you can also practice in demo account with virtual money.
Goodluck!
Now you probably know how important it is to learn and practice. Forex isnt any get rich quick scheme, so go slow and keep learning.
Good luck!
While it’s unfortunate that you had to blow up three accounts to realize that making profits here is not as easy as it seems, but better late than never. I hope you’d follow the correct path of working hard in learning and practicing and I hope you’d recover your loss. I wish you all the best.
thanks man
You should never start live trading without operating a demo account first.