New member looking forward to learn more on trading and maybe find new friends

Community Introduce Yourself
1

Hi everyone,
I’m from Sweden and I am a fairly new to trading. I started last year in September and it has been a fun journey so far. Want to learn more on trading, become experienced and help others along the way.

Thanks,
blueJava

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2

Hi, nice to meet you - and a good first post!

How have your first 8 months been?

(Your avatar maybe looks more like a yellow sunflower than a blue java? But maybe blue java also means something other than what I was thinking of?)

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Welcome welcooooome! :blush: I think it’s great to know that you’ve been enjoying your journey so far. :smiley: I feel like for me, those first few months were some of the most frustrating ones. :sweat_smile: If you don’t mind me asking, what made you want to trade forex? :smiley:

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Hi, nice to meet you too!

When I first found out about trading, I was mostly curious about it and opened a trading account with a broker that seemed popular and serious. I added a small amount of money but used their demo account at first to get used to the UI.

When I felt a bit more comfortable with the interface, I tried opening a few tiny positions in CFD. It was not as easy as it looked! I started reading a few books on trading for beginners and started learning about the candles and forex pairs. I studied forex trading and tried trading EURUSD and various pairs but also NLG, Oil, Gold, Index etc. I managed to win some small amounts and lose too.

I managed to keep my account balance from decreasing too much but had to add more funds from time to time. I had already read about and figured out that learning to become confident would take time. I think my first good trade came some four months after starting. After that I became a bit better at seeing the market structure and placing winning trades. After six months, my account balance was back to breakeven from since I started, so that felt good!

I have read some books that focused on Price Action only and I liked the concept so that is how I prefer to trade. Still, I try to learn more about indicators but usually find that they give me less clear signals, which is something I would like to find out about on babypips, if possible.

I have spent a lot of time studying various books and trying to keep up with the market fundamentals. When I thought I had studied enough TA I picked up Mark Douglas “Trading in the Zone” and Tom Hougaard “Best Loser Wins” to further my knowledge and understanding about trading from an “inner perspective”.

To summarise, I find that the journey so far has been exciting, mentally rewarding and more recently, financially rewarding!

Yes, the avatar is not reflecting the name unfortunately but I like having a simple name and as I’m a software engineer I found that Java could be cool with blue!

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Thanks!

Yes, there was quite a bit frustration from time to time. Like in my reply to pink_hat_trader, I was mostly curious a first and traded forex and commodities. I found that I liked trading US Crude Oil as it was very volatile at times, which could be rewarding in certain setups.

After the recent tariff commotion, I found the USDCHF pair in an interesting price pattern, so I found myself trading this pair and I starting focusing more on Forex trading since then. :grinning:

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Hello-

I am from the U.S. and want to learn to trade. I open up an account 3 months ago with a broker but now I am not sure if I am being scam. I put in a little bit of money from time to time and enjoyed seeing my income increase.

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Hi Shannon70,
Sorry to hear that, hope you’ll manage to get your money back from the broker.

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We’ve all been there! :+1:

I’m just reading the Tom Hougaard book and like it a lot.

I have a very, very low opinion of the Mark Douglas book (but that may be partly my professional bias, as a psychologist!).

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