I am a financial accountant but seeing the boom in the forex market and wanting to learn new skills this seems like the best time to make the change. I am open and eager to learn from the best and wish to learn from like-minded individuals as this is all very new to me.
Hey Welcome! Good to see your dedication towards learning forex. Keep your spirits high like this. Good luck!
The boom in crypto currencies that are traded on FX is a high risk endeavour, as are FX currency pairs. Newbies have to get lucky, as the odds are against them from the off.
- Preserve your capital at all costs, otherwise you cannot trade.
- Keep risk exposure low at all times. Max 1% per trade, and limit total exposure to 5% max.
- Trading live is a psychological challenge that humans are not equipped with - fight or flight is not the right mindset of a profitable trader.
- Learn trading skills - that will take months, if not years, to become proficient. Start on a demo account.
- Persevere. Losses are normal.
best of luck.
Hi and welcome to forex trading. Being a financial accountant, I am sure you will find forex trading much easier than others. Wish you goodluck.