Hey everyone🖐
Im new on the board here, and I honestly cant say whether this will be my first and last post here. I began trading forex about 2 months ago and to say it has been a roller coaster would be an understatement. I have a bit of a background in stock market trading and recently decided to give forex a try. Ive spent pretty much all of my free time learning how this market operates and honestlt, I started out profitable. I grew my $5000 account to nearly 6000 in only 2 months. This was until last week when I got caught in a pari I should not have been in (buy side of AUD/JPY). I lost 700 on the hope of retracement ( I know, dumb rookie move). From this point I reworked my strategy to get myself out of this hole. And for the most part I did. There were 2 nights in the last 7 days where i pretty much didnt sleep, but I got my money back and I was proud. A string of bad trades today (including a bad position on AUDNZD which just stopped out on me) combined with the commisions on my account, has now left me $50 short of my initial deposit.I check forexfactory every morning for news but the NZD bank news slipped my mind.
At this point I’m just contempating if trading forex Is something I want to continue to do. Although I seem overall profitable in normal conditions, these few mistakes I have made have quite literally rolled me back to square one. It feels as though all of the time and effort I have put into this has just gone down the tubes. I guess the upside is that I only really lost $50
I just needed to clear my head here. Best of luck to all of you.