Hey Glow here! I’m 25 yrs old, wife of a recently admitted law student and mommy of a 6 yr old, 3 yr old and 3 month old so you could say I have my hands full hope to leave my 9-5 in 2022 to be there for my babies and to also bring in extra income while my husband is getting through school. So truly… LETS DO THIS
Hi Glow. Trading FX is going to be a tough challenge for you and your family lifestyle. It’s NOT AN INCOME SOURCE because you WILL LOSE MONEY as does every trader on the planet.
Experience over a long period, and rock-hard discipline is essential, as is emotional control. By all means press the green Education button above, take it easy one step at a time, and see if it suits you.
Best of luck.
New traders should make a good plan to make money from this market.
I appreciate the feedback. Definitely taking this one step at a time! Although new to FX world, I’m not new to investing. This is just part of a much bigger picture.
Okay. just remember trading is not investing, although you could mitigate the emotional effect by acting as a swing trader - trading the Daily chart and if necessary aiming for a target that could be days or weeks away.
I would also recommend a live account - when you’ve finished playing and experimenting on a demo account - is a small amount of money where you’ll learn how to manage the mistakes you WILL make, as it’s a whole new ballgame. Medium term aim is to gradually up the lot size as your account grows. Keep leverage no higher than 100:1.
Best of luck.