Newbie and a seasonal aspiring forex trader

Hi there y’all, I’m a forex newbie and I’ve been trying to start but I lack consistency and patience. I think this is the right time to start as I thought joining you would be the best decision for a newbie and a seasonal forex aspiring trader like me.

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Welcome to the Forex community. Consistency and patience has to be learnt. You can not have it for Forex trading without practicing.

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Focus your mindset on process not profit, by doing more of what works and less of what doesn’t. While it could be boring following the same process day in and day out, it’s the only way you’ll become proficient, and maybe consistently profitable. There is no short cut.

If you cannot handle that, FX trading is not for you. Buy an EA to do it for you.

Welcome to the community. Good luck with your journey.

Hello and welcome to the forex world.

Practice well on a demo account and with a small account

Everybody has to start somewhere mate

I think its better to start with a small account so you can get the emotions of trading live.

Welcome to the community! Work on your weaknesses because you never know what can make you lose.

Hi. Welcome aboard! Do not take any risk for at least 6 months. Start with the course. It will guide you well. Good Luck.

It’s okay not to have all the qualities of a forex trader. But with time, you will have to learn patience and consistency. Start practising them in your real life also to be able to make the best use of them in your trading career.

I think even if a trader is a seasonal aspiring trader, he should have patience. Patience is the virtue of trading.

As a newbie, you must clear all the basic concepts before trading. But, you’ll have to be consistent and patient enough, only then you can trade successfully. Make sure you work on your weaknesses. Most importantly, as a beginner you must always focus on learning and not profits/results. You’ll have to remain calm & patient because it may get boring at times but there are no shortcuts to success. This is the only way you’ll be a proficient forex trader.

Hello and welcome! I’m wishing you luck on your trading journey! :four_leaf_clover:

If you are a newbie or a seasonal aspiring forex trader then you need to be careful of risks. You must use risk management tools like stop loss to avoid unprecedented losses. Also you need to analyze the charts very carefully as you may not be aware of previous trends and patterns. So better to check on past data sets as well along with new ones.