New to Forex trading

Community Introduce Yourself
1

Hi everyone! I’m new to Forex trading. Here to learn and improve my trading skills. Glad to find a place to meet other traders and exchange ideas. I’m looking to retire soon and need additional income.

2

Hi and welcome… :slightly_smiling_face:

3

Hi, Welcome. I also joined today for the same. Good luck

4

Welcome to the community @MMIG331. We’re happy to have you here. Are you trading already?

5

Hi and welcome aboard :slight_smile:

6

Hi, welcome to the forum, be careful Forex takes time, don’t be in a rush to try and make an additional income from trading, it could cost you if you start trading without a plan and the mental stamina required.

7

Welcome :slight_smile:

8

Hello and welcome to the BabyPips community! :tada:

Would you mind sharing a little bit more about yourself such as which country you will be trading from and how did you discover Forex trading? :slightly_smiling_face:

9

Hello, Welcome to community here are some advice to get success in forex trading or any kind of trading .
1.Please develop your own set up first and trade only when price action comes to your set up like . If 7 days EMA is crossing 21 days EMA/SMA( moving averages) take trades it can be any set up . Please read and develop one set up and trade only if you find price is in your setup DON’t chase Market .
2.Don’t Over trade 1-2 days per week is good enough
3. Allocate only 1-2% of your capital per trade don’t use high leverages .
4.Don’t trade on time of events which which is of high importance like Non farm payroll annoucement by USA take trade after 1-2 hrs when price tend to trade as per data reported if bad USD will crash for sometime and if positive USD will fly .

Thanks

10

Hello @MMIG331! Good luck on your new journey!