Tell me one thing I should know

Community Introduce Yourself
1

So I’ve been lurking here for awhile, but today I made my account.

I’ve found you guys to be an amazing and insightful resource, so first, I would like to thank you all for that! Second, I would like you to post the one thing you wish you knew before trading in the Forex market.

A little about myself… I’m finishing my junior year at the University of Maryland, College Park (Go Terps) studying Economics and minoring in Technology Entrepreneurship. I’ve spent the past 3 years paper trading stocks and, basically, i’m sick of play money. I trade heavily on technicals (go figure) and have managed to make some significant returns in the US equities market. Some months ago I started learning about the Forex market and it got me really interested, especially due to high leverage and strong technicals. I figured it was about time to put some real money on the line, opening an account with a $1000 principal and seeing what I can really do. Only time will tell what will become of that $1000. If you have any questions, I would love to answer them.

Again, I would like to know one thing that you learned after entering the market that you wish you’d known beforehand.

Happy trading,

Lyndonc

2

hi happy to meet u, im also new here, u can learn from your mistakes, what i wish to tell you that what i know after entering the markets, do not over trade, dont place stoploss veryclose to your entry level, and also dont trade in news release times, thats all i learned and will know more in future. thanks

3

Well, good luck to you $1,000. is a decent amount to get you feet wet. When i started , i started with a pip value of .01 until i got the understanding of it. You know that money management is one of the key components of being successful.

4

nice avatar rajkumar85, with nice watch :stuck_out_tongue:

Ur true photo???

5

ya, its my real photo, no need to be fake. thanks