View Full Version : From Rookie to Full time Forex trader
Hi AntiVi,
Here some simple technique for newcomer. It will be useful for you in the long term. CHEERS! Https://www.forexsoutheast.asia/attachments/1525171970.jpg
*I just updated to generate the method a bit organized so that you could know more what I mean*
https://www.forexsoutheast.asia/crypto-trading/99-mt4-privacy-questions.html
Alright first of all I wish to get everything out there.
I started my demo account with 5000 I tried to trade the news using the calendar and I made a bunch of losses.
Then after obtaining more info I actually begun to examine the market just a little bit.
In the previous 7 transactions (once I got that additional information) I was able to create 12.75$ profit. (Missing 3 transactions won 4 transactions)
Now contemplating this I've a entire loss of 92.14$
I will be trying to get this back to the positive numbers as I move on.
I pretty much commerce on the 1h charts utilizing the lower timeframe charts as an affirmation of my analysis.
I really don't like to depart trades overnight.
What type of trader does this make me?
As I was making those transactions I made a few errors and I shall list them:
-My first mistake wasn't being patient enough, the candle wasn't closed yet but it had been signaling a double shirt so I went to it and placed a transaction. Ultimately it was a false alarm and a loss was left by me.
-The next mistake was the same thing but in a different circumstance.
-The third mistake wasn't checking the news calendar. The news today for the USD made a commerce hit at my stop loss and I had.
-The fourth mistake was setting my stop loss too close. The market went in my favor and I put my stop loss higher to make sure I could not eliminate money. I did end up making a profit but I could have had more profit if I wasn't so hasty.
-The Fifth mistake was me doubting myself. I ended up moving in the opposite direction and cancelling a commerce and end up making a loss rather than a profit all because I doubted my own analysis.
Decision:
-I want to operate on the place of my stop loss.
-I want to work on my patience.
-I want to confirm the news calendar.
-I need more information on fundamental trading if I would like to trade the news.
-I want to have greater confidence in my own analysis and stay with it.
Queries:
-Is moving my stop loss to ensure I break even or make profit a good idea and if so should there be a certain distance between the stop loss and the current market price?
-Are there any general rules to setting a stop loss? I typically trade on 1h charts.
-what type of trader am I?
-How do I examine the market following a big fluctuation because of news? Https://www.forexsoutheast.asia/attachments/1525171990sds423887880.jpg
Here is the point where the extent of my analysis is at at the moment:
https://www.forexsoutheast.asia/attachments/15251719921055705264.jpg
Hello , Here a few basic technique for starter. It will be beneficial for you. CHEERS! Https://www.forexsoutheast.asia/attachments/1525171971.jpg document Thank you for the answer I will take a look at the attachment!
Hi Antivi,
How is your trading going? Have you done your backtesting on the file that I give you it? Have you got any question that I could help you with?
Hi men! To start with I want to make one thing clear and that is that I am not a professional, full time, knowledgeable or a profitable Forex trader right now. My knowledge is basically nothing and this thread I will update the trades that I do, my predictions (using the knowledge I do have) and analyzing the trades I do to find out what I did was bad or good. See how I can improve. Though my trade is profitable I don't want to state Alright we left profit it's all great No! I would like to analyze it and see If I could do something at that time... Hi AntiVi;
I would encourage you to have a look at this thread by TRD https://www.forexsoutheast.asia/crypto-trading/216-trade-manager.html it will save you a whole lot of time in learning how to Trade.
Understand you are trading at a Zero Sum Market, this implies someone needs to be around the other side of your Trade.
It's important to think who is on the other side of your Trade because you would like to be Trading with the Institutional Cash rather than contrary to it.
Institutional Money possess a business model that they follow day after day Accumulation - Manipulation - Profit Run
To Accumulate Orders they need Liquidity, if they're building Buy Orders they need promoting Volume to Buy right into, (if they where to fall all their Buy Orders to the Market at once they'd burst through the Order Book pushing the Market higher and higher as they get filled) they need this Selling Volume in order that they can fill their Buy Orders within a Range.
That is, generally, What's occurring when we see the Market Ranging it's Institutional Money running Stops and Manipulating Price to Accumulate their Buy Orders.
When their Buy Orders are satisfied there will be no more promoting Volume left at the Market and Price will take off, as the Bullish Trend becomes obvious, to one and all, the Institutional Cash will happily Liquidate their Buy positions by Selling for you personally for their profit.
You may not know all I've pointed out, over, but also make it your mission to research Institutional Order Flow and don't be diverted by the candles you are visiting on the chart, this is a Facade look supporting the candles and also know how to Trade the Institutional Moneys Business Model you won't regret it.
Alright lets speak progress!
As for trading for today it has not been very profitable. I only saw one opportunity and it is still not closed. I can upgrade this post to include it since I don't like to leave trades overnight.
This is the commerce I did. It created 3$ profit. That means that I am now 3$ less at the amounts. No additional trades happened today and yes in the moment I only trade the AUD-USD!
Https://www.forexsoutheast.asia/attachments/15251719971759144577.jpg
The positive negative about not leaving trades overnight is that I will not be laying in bed thinking Is my commerce doing great Was I right or wrong? What happened? . I will also be able to leave behind me and only focus on the current.
The negative side to that is that I may earn less profit than I might have made.
I also read an article today concerning the shing of a stop loss to break even. I included the article from the first post under the tools section.
What do I feel at this time?
I really feel like a lot of information out there is chaotic and I can not help but wonder What should I learn first? , Where should I learn it? Do I learn it?
I visit courses out there but they are pricey like the transaction empowered courses are 2000-4000$ which is a lot for me considering the fact that I reside in poverty at the moment. Do not get me wrong though I am not trying this to get rich I am trying this to make it a job that I can do from home and earn a living. I really don't need 5k a month I honestly wouldn't know what to do with it and in the long run I would likely give it to somebody who want it to help my family.
I could learn everything without a teacher but I may learn things the wrong way or I might not learn certain things that I need to learn, etc..
Hi Antivi, What's your trading going? Have you ever completed your backtesting on the document that I give it to you? Do you have any question which I could help you with? I must learn proper back testing and service and resistance so giving it a try will take a while. It was read by me and I will try it out when the time comes.
About my queries:
I upgrade my first post with queries on a regular basis so that you can check those out there.
quote Hello ; I would encourage you to have a look at this thread by TRD https://www.forexsoutheast.asia/crypto-trading/293-mt4-average-candle-size-candles.html it will save you a great deal of time in learning how to Trade. Understand you are Trading in a Zero Sum Market, this implies somebody needs to be around the other side of your Trade. It is important to think who's on the opposite side of your Trade because you want to be Trading with the Institutional Money and not contrary to it. Institutional Money have a business model that they follow day after day Accumulation - Manipulation - Profit Run To Accumulate Orders they want Liquidity, if they are building Buy Orders they want promoting Volume to Buy right into, (when they where to drop all their Buy Orders to the Market in once they'd blast through the Order Book pushing the Market higher and higher as they get filled) they desire this Selling Volume in order that they could fill their Buy Orders within a Range. That is what is occurring when we see that the Market Ranging it is Institutional Money running Stops and Manipulating Price to Accumulate their Buy Orders. If their Buy Orders are satisfied there will be no more promoting Volume left at the Market and Price will take off, since the Bullish Trend becomes evident, to all and one, the Institutional Money will happily Liquidate their Buy rankings by Selling to you personally for their profit. You might not understand all I've pointed out, over, but also make it your mission to investigate Institutional Order Flow and don't be distracted by the candles you are visiting on the chart, this is a Facade look supporting the candles and also learn how to Trade the Institutional Moneys Business Model you won't regret it. I will start looking into Institutional Order Flow once I have some time spare in my palms.
I'll also have a look at the thread you linked I have it bookmarked!
Also thanks a lot for the reply and once I read it and look to it you will likely see a post of mine which includes my thoughts about it and see if I personally learned anything or if I think it is helpful.
Due
Here we go guys!
AUD-USD
Since you could see I did a trade yesterday that resulted in 3$ profit. My forecast was that the market went to move up and that I believe it will go up.
I shut my trade yesterday since I don't like leaving transactions up overnight even though I had been sure it was going to go up farther and so it did.
It's pretty much going in a channel now and there's absolutely no support down there and nothing indiing it's going to stay down in my view.
Https://www.forexsoutheast.asia/attachments/1525172001145757588.jpg
I would love to point out that I may be wrong and as said in the very first post I am not a professional, full time, edued or even a profitable Forex trader at this time so bear this in mind!
Any comments, hints and these are welcome concerning the analysis I am doing.
Thank you
Alright this is an update!
I arrived to the conclusion that the market was going in an upward station and therefor I placed a buy order I really placed 2 buy orders. Now this went against me and also the market broke the station. That did not alter the fact that there was nothing keeping the market down there and that which I knew and drew pointed inside moving back up. So I trusted my analysis and sat here watching the charts sweating my ass off hoping it would return and it did.
This is the result (27,7$ profit!) :
https://www.forexsoutheast.asia/attachments/1525172004212774233.jpg
As for the thread that you linked Stevepatt I started studying it and it became clear to me that there's a lot of advice in there that could be useful but it's all over the place. Meaning that I will not get out of this thread because I am still on the fundamentals and trying to find out the steps. Topics that I read through were items I did not know such or clearly.
Any comments or feedback are all welcome!
Thank you
What do we have now:
It appears the market completely broke the channel but it did move up that was pretty much what I called.
In the minute I see the previous resistance line turned into service and it failed to cross it significance that my forecast for now is that the market is going up again. However there is a strong resistance line above the current market price.
Https://www.forexsoutheast.asia/attachments/1525172006253597331.jpg
Any remarks or remarks are welcome!
Thank you
Don't get me wrong though I am not trying this to get rich I am trying this to make it a task I can do from home and earn a living. Hello AntiVi,
Speculating the markets is not something which you may expect to earn a steady income from. Its generally not advisable to risk money which you can't afford to lose. Living off one's profits also detracts from the full potential of trading that is explosive compounded growth.
quote Hi , Speculating the markets isn't something which you may expect to earn a stable income from. Its generally not a good idea to risk money which you can't afford to lose. Living off the profits also detracts from the full potential of trading that is explosive compounded growth. Hey, Atokys
I totally agree with you! However what will the point be in trading money if you can't utilize your profits? Of course to be able to live off of your profits you will need to have a particular account dimensions and profit to the point at which you have money to keep growing your account and to live.
Lets just say I could get trough per month with 500$ if I needed to.
Now my life is not expensive so for me living off of such a thing will probably be simpler than someone with a family to supply but I am simply by myself.
I will not be risking anything I can't afford to lose but this does not mean I wish to shed it I will not trade real money until I have the instruction and I have a profitable plan which works for me to be able to gain consistent profits and of course the assurance in my plan.
At this stage it's about studying, learning and studying.
Thank you for the answer!
I think you're on the right path.
So far as withdrawing profits is concerned. I agree that you should as soon as you have some consistency. What I really do is draw 1/2 of any profit I make for your month. That way the account keeps growing and you also give yourself inspiration and a personal reward. Be careful of fees. It costs me approx. $30 (Cdn) for cable transfers on each drawback, so there needs to be enough profit to make it worthwhile.
I know you will make it.
I believe you're on the ideal path. So withdrawing profits is worried. I agree that you should have some consistency. What I really do is withdraw 1/2 of any profit I earn for your month. That way the account keeps growing and you give yourself motivation and a private reward. Be careful of charges. It costs me approx. $30 (Cdn) for cable transfers on each withdrawal, so there needs to be enough profit to make it worthwhile. I know you will make it. Hey Profitkeeper,
Thanks for letting me know about the charges since I didn't think about that!
Personally I will not take anything unless I absolutely need to. For today I can live with no Forex trading income which is the reason why I can dedie myself to it now. Now is the opportunity to take the dip.
Thanks for the reply!
A little update!
I called the market was going up and I placed a trade because of that. The market is trading sideways in the present time.
I made profit (6,50$) and I stopped the transaction since I will not be leaving it on overnight. I'd rather take my profits now and run than leave it running during the night and eliminate money. I probably didn't get the most but I am tired and I am having a rough time so I'm heading to bed, focusing!
I was also really worried about this trade since I placed it and the market went instantly and I was tempted to take my losses but I knew it was going up as if my analysis showed and it did. I am surprised at the quantity of effort it takes to not shut a losing trade. I am sure I'll feel less pressured that the confidence I get in my trading however.
This transaction is a trade that I placed on Sunday evening once the market opened. I am not sure if it was a fantastic idea or not. will be great, if someone would like to give me some insight on this!
Https://www.forexsoutheast.asia/attachments/15251720081125174301.jpg
Now I'll be eliminating the questions section from the main post and the learning section too since I will just post it in new articles each time something changes.
Additionally is trading through this holiday period a fantastic idea? Right now I feel like the market has slowed down.
Thank you for reading!
Good morning everyone!
Lets look at the chart!
So like I said yesterday I didn't receive the entire effect of the trade which is ok. I closed the trade for a motive.
Now my forecast was right and it even went over my expectations! Now because it had such a bullish move I chose to place my own RSI (Relative Strength Index) on on the values 70 and 30. 70 being overbought and 30 being oversold. I'm not certain if those values are good or not but hey I'm a rookie (almost typed wookie there).
If you have a look at it the market is currently overbought therefore we may see a reversal/retracement soon.
I'll be keeping an eye open and we will see if we place a trade today.
https://www.forexsoutheast.asia/attachments/1525172010443777072.jpg
Any comments are welcome!
Thanks for reading!
Update time!
So I got out of commerce I was in since the market was going back to normal RSI levels. I made a little bit of profit (2,60$) and I did get out too early. I am a rookie I will make mistakes.
I truly feel like the market is not moving like it usually does... When it has overbought it generally includes a steep bearish move however it just did a tiny bearish move. In addition to that it topped and it still didn't go lower actually as soon as that one stage that is low hits it seems to go up then down again every single time. (Scalp heaven?) So now I feel a trading this since it seems unpredictable. Perhaps I just got out of my place too early and it could drop today. I guess we'll see!
Is it due to the holidays? Should I trade before the holidays are over?
Https://www.forexsoutheast.asia/attachments/15251720131730084716.jpg
I am also pretty happy I haven't produced a single loss in the last five trades! We're on a roll! Attempting to compensate for my dumb losses that are premature! Still -52,21$.
Ever since I have some additional standard knowledge I've been having 9 optimistic trades and 3 negative ones and the negative ones were me just not expecting my analysis. I think we are on the right track here!
Thank you for reading!
Yet another upgrade!
Mistakes have been made! I got despite my previous worries concerning this current period and the market was behaving.
I made quite a loss and it was just dumb of me. I believe my stop loss was tight because I couldn't resist the support's testing.
Meaning it ended up getting triggered.
I believe this is just me being impatient with all the market. I would like to trade, I wish to get experience but making mistakes was a consequence of that impatience.
I should simply not trade during this vaion period because it seems pretty bad.
There was also a bunch of news coming out that I did not listen to.
I will make mistakes there is little doubt about this! However, recall them and I want to make those mistakes. Learn from them.
Https://www.forexsoutheast.asia/attachments/15251720151932964731.jpg
Thank you for reading!
Of course to be able to live off of your profits you will need to have a particular account size and profit to the point where you have money to maintain increasing your account and to actually live. Lets just say I can get trough a month if I needed to. Now my lifestyle is not expensive so for me living off of such a thing will be easier with a family. I will not be risking anything I can't afford to lose but this doesn't mean I want to shed it therefor I will not trade real money until I have the... The difference between compounding gains rather than compounding gains is astonishing but thats really up to you. Withdrawing profits is like a fisherman eating his lure.
By the way, have you spoken to anybody who's successfully doing what you're hoping to reach? Their expertise could be helpful to you.
I want to speak just a little bit about yesterday.
So now that I've taken some time to sit back and relax I've looked at my trade from yesterday.
It wasn't a bad trade however it was implemented incorrect. So I didn't remember that that support can be tested my stop loss was too tight.
If my stops were more picky then it might have hit my own take profit and I would have made 25$.
At the conclusion it was a transaction I should not have been in since I jumped in without a definite plan. I wanted to maintain a trade and it was rushed by me.
It wasn't as awful as I thought it was initially so I hope I hear from this!
Today about today!
It feels as though the market is overbought once again and it appears it's struggling to climb higher therefore there might be a retracement or even a bearish move in route.
Let us be patient and see what happens! I doubt that I will get into a trade taking into consideration the time of the year and the market conditions but we will see!
Https://www.forexsoutheast.asia/attachments/1525172018278343795.jpg
quote The gap between compounding gains rather than compounding gains is astounding but that,s really your decision. Withdrawing profits is like a fisherman eating his bait. Incidentally, have you ever spoken to anybody who is doing what you are currently hoping to attain? Their expertise could be useful to you. I totally agree with you however in the event that you want to do this as a living you'll need to withdraw cash there is little doubt about that.
Even a fisherman must sell his fish to live.
Right now I can survive with no cash from trading and also for the next year which will remain that way and it might even be extended past that. That'll depend on me.
As long as I do not need to draw any cash I will not that way my account can grow and grow and grow and hopefully grow large enough to the point where I can keep growing it and actually live from it too.
Of course all these are hopes and dre. The issue is can I make them a reality.
I've spoken to a few professional traders mostly about the plogy part of it and also the significance of a trading plan and the spine testing of this plan. In the event that you've got a plan that you know works. A plan that is testable and repeatable and that makes profit. You can execute that plan and should you execute that plan right with no dumb mistakes like becoming greedy or impatient or getting to a trade you should not be in like I did then you need to be able to become a profitable trader.
Thanks for reading!
Update update update!
I was correct about the retracement however I didn't wish to get into a trade since the market isn't actually moving that much because of the holidays.
Instead I'll be working on expanding my knowledge base so that I will tell you what I am learning about today.
Currently I am learning about the ABCD pattern as well as the Fibonacci extensions. As you noticed I've been using the retracements although not the extensions.
I am attempting to reach a point where I will use numerous ways of specialized analysis like support and resistance, ABCD pattern, chart reading fundamentals and Fibonacci retracements and extensions to separate the high probability trades from the very low probability ones so that I can choose my trading and be much better and more profitable in it.
If I find any wonderful public information concerning the things I am learning about I shall post this in the primary post.
If you have any queries don't hesitate to let me know! Don't be bashful!
Thank you for reading!
A little upgrade!
I am still going, I have a new egy and a mentor.
I am now trading which egy so I have changed the date of this commerce explorer to when I began this egy.
The former egy had small profits.
Anyhow
That is about it.
Not giving up!
Have a Fantastic day!
Allow me to know if you guys have any queries!
New egy work on eur/usd only ? Can you explain a bit.
new egy work on eur/usd only ? Can you explain a little. It is a egy that unites bollinger bands with engulfing candles using a high reward to reduced risk.
Additionally, it works on additional pairs but currently only trading it on this one until I can find some things sorted out so I can calculate things somewhat simpler.
Here's a picture to explain a bit more:
https://www.forexsoutheast.asia/attachments/15251726641473709786.jpg
I am seeking to improve on that by the way and I already have ideas about how to achieve that.
Thanks
Great thread. Thoughts are presented nicely and so are good.
nice thread. Thoughts are presented and are good. Not many updates though because advancement is slow hehe.
quote Few updates though because advancement is slow hehe. Liked the debut into the thread.
You ought to be thinking slow and steady wins the race.
quote enjoyed the debut to the ribbon. You ought to be thinking slow and steady wins the race. I understand everybody wants the outcomes and they want it today. But that is not how it works.
If I rush matters I will make mistakes and errors are not good.
I would rather take it slow and get it done right than go quickly and lose my money hehe.
quote I understand everybody wants the results and they want it today. But that is not how it functions. If I hurry things I will make mistakes and mistakes are not excellent. I'd rather take it slow and get it done right than go fast and lose my money hehe. One ought to work hard if they are willing to find the desired results. Same things could be helpful or it can be bad for an person's trading.
Rushing is good for scalpers but will not work if you proceed from one step to another with no disciplined.
I like how you present notions.
A little update! I am still moving, I have a new egy and a mentor. I am now trading which egy so I have altered the date of this trade explorer to when I started that egy. The former egy had small profits. That's about it. Not giving up! Have a fantastic day! Let me know if you guys have some queries!
How are you going to come into my thread onto your high horse giving me advice whenever you have a mentor along with your past egy had small profits you are a phucking clown. You want to act all high and mighty like a master trader in my thread and I return to yours and your taking advice from people and you have the audacity to tell me I'm not doing my studying seems like you're hunting for a holy grail
quote How are you going to come in my thread onto your high horse giving me guie whenever you have a mentor along with your previous egy had small profits you're a phucking clown. You wish to act all high and mighty as a master trader in my thread and I come over to yours and your taking guie from people and you have the audacity to tell me I'm not doing my analyzing looks like you're hunting for a holy grail You see, there is nothing wrong with taking advice from people or using a mentor. It is good to speak to traders and expand your own horizons. Additionally, it is great to have someone that is already a full time trader to ask questions to.
I never stated I was a master trader. I am still very much at a stage but I can see when someone isn't on a path and you're clearly not.
Most of us know a holy grail does not exist. Something that may work for somebody may not work for somebody else so even if someone found a holy grail it would not necessarily work for other people.
quote You see, there's nothing wrong with taking guie from people or using a mentor even. It is good to talk to other traders and expand your own horizons. Additionally, it is good to have someone that is a complete time trader to ask questions to. I never said I had been a master trader either. I'm still very much at a stage but I can see you not and when someone isn't on a path that is good. We know a holy grail doesn't exist. Something that can work for somebody may not work for somebody else so even if a person discovered... Bro I'm up 200$ since sunday, phuck. What are you even talking about bro? You have exposed, stay out of the thread with your ass information and Cease being goofy. Acting just like you are better then me and that I come on your thread and you are only a quack that has been trading more then me. Good day today.
quote Bro I am up 200$ because sunday, phuck. What are you talking about bro, common? You have exposed, stay out of the thread with your ass advice and Cease being goofy. Feeling like you are better then me and that I come on your thread and you are nothing but a quack that was trading me. Good day now. Oh wow you are up 200$ by risking more than you can afford. Good job.
I am not sure what I have exposed for, nothing I said or did was incorrect in any way shape or form so feel free to elaborate on that.
Was not sure exactly what a quack is. My vocabulary appears to be too sophistied for that.
So I looked it up on urban dictionary and that term doesn't appear to be accurate.
Yes I've been trading roughly 3 months over you and guess what. I haven't lost a penny.
Hey men,
A little update here:
It's been 58 days since I started this new egy and so far it's made 15.6% and I feel it's gone trough at least 1 cycle of trades and exactly what I mean with that is when I look at my backtesting the outcomes I have correspond with the backtesting. They fit up in the moment.
I understand the trading journal says 12.6% but the diary includes credit that my broker puts in that I really don't count nor do I utilize it at all. It's what it is although it is annoying and a little misleading.
At the end it is still just 12 trades so we'll see how things go later on.
In case you guys are interested in viewing the backtesting results with this egy allow me to know and I shall post them.
I am working on a second egy that also employs the Bollinger Bands in conjunction with something else and it's also looking promising so allow me to know if you guys want to see those results too and I will post it.
Thank you for reading!
Okay men! Here is a treat!
If you have any questions about it I want to know!
Backtesting results for my Engulfing Candle BBB Strategy:
https://www.forexsoutheast.asia/attachments/1525172666732305824.jpg
Appreciate!
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Hey guys,
We had a stop and undo this week end up with 2 profitable transactions.
Picture:
https://www.forexsoutheast.asia/attachments/1525172669603055226.jpg
This was pretty much it.
Very simple and straight forward!
Have a Fantastic day!
Any queries are welcome!
-
Okay time for a little upgrade!
2 transactions have occurred since last time.
The first one was at the beginning of November and it ended up being a losing trade:
https://www.forexsoutheast.asia/attachments/15251726711322220598.jpg
The second one was a winning commerce that only hit take profit:
https://www.forexsoutheast.asia/attachments/1525172673242142178.jpg
I am currently up 17 percent in 86 times that is good so far!
I know the commerce explorer claims 13.7% but the commerce explorer comprises charge that my broker gave me when I opened my account but I don't use it in fact it's 17%.
Anyway if you guys have any questions let me know and I will attempt to answer!
Have a Fantastic day!
Alright here is my current commerce:
https://www.forexsoutheast.asia/attachments/1525172675988810854.jpg
allow me to know if you have any questions of thoughts!
Due
-
Hello men!
First I wish to make one thing clear and that is that I am not a professional, full time, knowledgeable or even a profitable Forex trader right now.
My knowledge is basically nothing and this thread I will upgrade the trades that I do, my predictions (with the knowledge I do have) and assessing the trades I do to see what I did was bad or good. See how I can improve. If my trade is profitable I do not wish to say Alright we left profit it is all No! I want to examine it and see If I could do something at that time to get a read on the market, to determine if I could have done something to get more confidence in that commerce.
I will also have a list of things I want to understand and what I have already heard and a listing of queries that I've got. Should you see in case you've got a resource that could help me with things that are specific or that I have missed something in the listing don't hesitate to let me know!
I will also include my thought process going trough these trades, where I think I'm stuck, where I'm feeling insecure etc..
I will also include a list of tools I have used to learn the things that I understand.
I'll be trading demo money until I will observe a constant yield in profit and I am confident in my abilities.
What do I expect from you guys?
I expect this thread to be friendly and helpful. I don't want to see any remarks like go in the Forex market it is a losers game or Dude you are such an idiot. That trade was retarded or The analysis you did was just retarded, it made no sense.
If you would like to give input, share your knowledge or help me generally then I applaud that but please do this in a respectful manner.
If you believe something will help me don't hesitate to talk either in this thread or trough a PM.
So I'd like to tell you a little bit about myself:
I'm becoming 22 shortly, socially I'm bad at all. I don't handle people very nicely in life and as a consequence of this the jobs I could do are restricted. I was looking for things I would enjoy and things I could do. I came across the Forex market not so long ago and I got a course on Udemy (it is a website) about the subject and I decided to start a demo account and trade just a little bit. Of course like every beginner I lost money the course didn't help much.
Even if losing money I enjoyed trading so here I am giving it a shot.
I enjoy anime, streaming and games.
Resources I used to learn the things I understand:
-https://www.udemy.com/forex-trading/ (Wouldn't recommend it Not worth the cost.)
-https://www.udemy.com/backtesting/ (Wouldn't recommend it maybe not worth the cost.)
-https://vimeo.com/87047585 (It is absolutely free and has a lot of info. It is a must watch.)
-http://www.dailyforex.com/forex-articles/2015/06/when-to-move-a-stop-loss-to-break-even/46009 (It is free so why not read it!)
-http://www.babypips.com/school (It is absolutely free and has a lot of useful info! Read it!)
Now here are a couple of comments I want to create:
-you might see me require a lot of baby steps trough this procedure but eventually even baby steps create space.
-I want success not having it is not an option. Be it being a consistently profitable trader or simply as a trader.
-Actually is a doorway opens in my head I will look for a way to get past it.
-Losses will take place. You can not always be correct.
-Trust yourself and believe in your abilities.
-You do not need to trade.
-Be patient and wait for your chance.
-Learn from your mistakes.
-Check the news calendar even when you're not a fundamental trader.
-Greed will only work for you personally.
If you guys decide to adhere to this and help me achieve my goal or follow my progress, thank you.
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