Hello I’m John Jalil Aidoo from Ghana. I studied BSc Development Planning but currently unemployed. My friend suggested to me I delve into the Forex Market since he trusts my capability of succeeding in Fx.
I wish to take it slowly by gaining the Fx knowledge and kill all my financial problems in life. I wish to be a great Fx Trader in the near future
Oof. Tall order there. I’d probably not go as far as that yet and instead just aim to learn how to trade and NOT lose money.
Hi and Welcome,
I normally say “don’t quit the day job yet” but in this case, my advise is to get the day job first (that brings order to one’s life), and have a goal to save 10% of your day job earnings. With that 10% use half of it for long term cash savings (for the time you lose your job) and half of it to trade with. Every year compare the amount you have from direct savings and that you have from trading. Reallocate half to savings and half to trading every year. You will never be poor but you could end up being very well off.
If you can’t save 10% of your paid job, do not trade.
Remember, you won’t make profits in the forex market from the very beginning. You will have to put a lot of effort to make it work for you.
It’s good that you have decided to join the forex market. But remember, your journey is not going to be easy if you don’t work hard. Do your learning properly and build a strategy that you will stick to while trading. Good luck!