I’m a 32 year old IT Technician and Network Administrator looking for an additional source of income. Have always been fascinated with trading but had absolutely no idea where or how to start. Somewhat thinking my analytical skills could be beneficial in this area.
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I discourage newbies to regard FX trading as a source of income, because it isn’t, in the sense there’s no guarantee you’ll ever make money, even after developing trading skills…
Better to have a learning mindset of HOW NOT TO LOSE your capital, because over 75% fail by blowing their account by overtrading, revenge trading, and gambling. Without capital you cannot trade.
That’s the reality.
I think you’re right, a huge part of this game is the psychology that comes with it, and being confident and calm in your analysis and accepting wins/losses as they come is a huge part.
To start, I’d recommend getting on the School of Pipsology.
most of the time new Forex trader generally try to ignore the learning approach , without it there is no way to survive successfully . so we have to practice more and more.
honestly speaking as a newcomer its really difficult to continue learning , but without learning there is no short cut way of learning in this volatile trading place.