Hi everyone I wanted to make a post so that hopefully some people could reach out to me and aid me on my journey to becoming a profitable trader. I currently have 0 experience whatsoever and I am still working my way through the education courses on the website. If anyone could reach out to me it would be greatly appreciated.
I want to begin to trade forex as I feel as though trading is a very transferable skill and if mastered could be potentially life changing. I’ve seen my parents struggle due to a lack of financial freedom and I hope that forex could provide for me what they didn’t have. Some people may consider me to be too young to get involved in forex because I still attend school. However, I consider myself to be a higher ability students and quite mature for my age. My age shouldn’t limit my capacity to achieve.
That’s just a bit about me and why i want to gwt involved in forex so please reach out to me
Alright @TheTradingGuru you are on the right track, one step at a time. Take your time to understand the basic, babypips course will help you achieve that first phase
I’m 38 now. when I was your age I thought wow I’d seen so many things and it was time to do something. Believe me, you have a lot of time ahead of you to make your life. If I can give you one piece of advice, it would be, just stick to one thing for your life and don’t change it and try to master at that. No matter what that is.
If you want to be a trader, that’s good but it’s a long term goal. Keep learning at least for two years and try to find just a strategy.
Then stick to that and try to develop and personalize that. Find the advantages and disadvantages of that and learn money management to the full.
Do not waver from one strategy to another and master at one. Believe me, the only thing that I regret is changing jobs in general and strategies in particular. If one thing I would have changed If I could go back was, I’d have stuck to one thing and try to develop that.
There’s no Holly Grails, so don’t look for that. The only thing that can make you profitable is your persistence, not changing strategies, and of course a good understanding of money management.
There are lots of things in money management you can learn but if I want to simplify that in a few words, don’t risk more than 5% of your account for each trade.
That way, you have enough chance to come back if you lose some trades.
The last thing, it’s not an easy road to drive on, so you have to be tough more than usual if you want to be successful otherwise just move on and find another career.
@TheTradingGuru
Hello and welcome.
Rule 1. Not need to buy any expert advisor or technical indicator.
Rule 2. Not need to pay for books, courses or lessons.
Rule 3. Not need to spend your time with any indicator or expert advisor.
Rule 4. Not need to copy any signal.
Rule 5. Try to learn about the trend lines, level support and resistance and Fibonacci.
Rule 6. Need to try on a demo account first for a long time to test your strategy and money/risk management.
Rule 7. If you have at least 3 continues months with profit and over 100 trades, you are on the right way.
Welcome to Babypips! Take your time going through the School of Pipsology. If you have any questions, don’t be afraid to ask help here in the forums. Good luck!