My name is Oludayo. I have been searching for how to make some passive income, and I stumbled on FoREX trading; from my understanding and what many big traders I have been watching have iterated. Forex trading is very risky, and any trader must get the right mindset, obtain training, read, fight greed, and work on their psychology.
I have joined this academy to learn all that is necessary,
First of all WELCOME!
You’re in the right path. Learning, having a good mindset, working on your psychology and raising your awareness. These are all you need as I learned.
Good luck!
I’ll add to learn how not to lose money. Without an account you cannot trade. And use a demo account to develop a profitable strategy and a definitive process that you adhere to for every trade.
I believe that trading can earn you a living, but it’s not going to be a quick and easy journey, as I’m sure a lot of the full time traders here will confirm. Just remember, education is key, and once you have the basics you will need to keep on learning. Think of this in the same light as brain surgery!
Yep. But it’s very similar as with brain surgery you need to know which part of the skull needs chopping and drilling depending on the patient that day. Very similar to forex in the fact you need to know which strategy to deploy depending on the market that day. And I wager both skills are equally hard to learn!
Welcooooome! It’s great that you have more realistic expectations. It really won’t be something you can learn overnight, and I’m not sure it would count as “passive” income either. But it’s definitely worthwhile. Good luuuck!
Welcome to the community, Oludayo. Yes it’s very risky. It would be wise to start off with a demo account than going straight to live trading. Good luck on your fx trading journey.