Hey y’all, the name is Dee from Uganda, brand new to Forex but here to financially unburden myself 
…GLAD TO BE HERE!
Well Dee, what is your financial plan, then? Bear in mind most newbies LOSE money, and the odds are stacked against you from Day 1.
Learn first, from this great Education site by pressing the green button above. Spend months practising on a demo account learning how to trade FX properly. If you go live right away, you will blow your account in weeks…
Hey Steve,
Unfortunately, I have already blown 3 accounts about $300 in a span of 2 weeks. My financial plan involves a lot of patience, allowing self to gather all the appropriate knowledge, identify appropriate broker, utilize the demo accounts, practice for about 3 months, open an excel sheet to track my wins/loses using the various strategies, then zero in on strategy, timeframes and pairs that work for me, then finally get back to live trading where the plan is to avoid over trading by setting a target per day i.e. 10-20% of my equity per day
That, Dee, IS overtrading. BE disciplined and keep risk at 1% per open trade, and a daily 5% limit you MUST keep every day. There is no short cut to success or for making money quickly - it just doesn’t happen in real life.
Hii Dee, welcome to babypips, it is possible to make money trading Forex, but you should know the risks before starting. Learn all you can about Forex trading and the markets before risking any of your hard-earned money. All the best