I tried trading before and quit for some reasons, I want to start fresh and maybe give it another go.
I want to make a GOAL and a PLAN before I start trading again. I also want to really KNOW some answers.
I want to make around 50-70 dollars a DAY, because I am on a government disability I do not have a JOB but I get paid monthy untill I am fully recovered.
I want to be able to be on my computer or laptop without constantly having to look at the graph in suspense.
The worst fear when I was trading was I would MISS the peak of profit if it was quick. Or I would Miss my
early exit to minamize my loss’s.
To beat this fear I had to look at my graph all the TIME. this acutally caused another problem which
was suspense and a patience issue.
How does a normal trader go about doing this in a balanced way?
How do any of you fill that GAP of time where the trades going from where it is to where its going to go
UP or DOWN GOAL or LOSS?
The main part of the GOAL of 50-70 dollars a DAY is I want it to be made safely.
I want to know how to accuratly go about managing my risk to profit levels.
Theres an easy way to make money in my mind using forex.
Couldn’t someone just look up forcasts? then fundamentals? then check out the upcoming news or events?
If you put them all together there should be a good “PREDICTION” and there should be a "CHANCE"
right?
To me it makes sense you could evenly balance them all to make a rough estimate that EUR/USD will
go ___ and the chances of it going there are ____ because …
You probably get the idea… From whatever % of chance you think it might be at you should then
be able to know how much money your willing to Put on that trade IDEA.
I just need some help how others go about doing this, Im sure im not thinking of everything here.
some myths I need to clear up or need to note as real or not…
Is it the traders that move prices in the market? if so how much change can we make?
How much is the government in charge of market prices? can they set things up and change it and
profit from it themselves?
Is trading just a math equasion to find a balance between risk and chances? Why hasnt someone come up
with a working equasion for this to make us more profitable?
Are there scams going on in the market to steal money away from traders?
Thanks ! so much inadvance! I want to start this the right way!