I have been working a 9-5 job for almost 8 years now and although it has helped me I havent had financial freedom.
For some time also I have been also searching online to find something that could help me attain some financial freedom and I came across a fellow country man of mine who did a video on forex trading on tiktok. I was instantly hooked and got advise from him to head here to learn how to trade.
I am a complete newbie so here goes my first step to learning how to trade.
Hi @Dean04
Welcome to the forum. You were fortunate to find an honest guy posting on Tiktok, and that the video suggested this forum. Your chances of getting off on the wrong foot have just been severely limited. Please spend a few hours browsing the posts on the forum, but if you want to get stuck in right away you could do worse than head straight to the School of Pipsology at the link below and start the School of Pipsology. Don’t rush it. There is a lot to take in. You will enjoy this, but it is not a walk in the park.
Oh, I forgot. Resist the temptation to spend ANY money for accelerated learning, clubs, mentorships or anything else. You can learn all you need to know on here, at no cost, and even set up a demonstration account at one of hundreds of brokers to experiment with trading as if with “monopoly money” and it will only cost you ego when you lose thousands in fake money". Have fun.
Thank you very much sir. I actually starting going through the course last night and yes I have been taking my time reading and taking notes.
As I am a newbie I do not want to rush into trying out the demo account but I will eventually after I have completed the course.
Dean, welcome. Understand that FX trading is speculative and high risk. You WILL LOSE MONEY on some trades as does every trader on the planet. Hence, it is essential you learn how to protect your capital at all costs.
Experience, Perseverance, Patience, Discipline and Emotional control are essential components of a successful trader. That takes time…