Hello guys!
First of all I want to make one thing clear and that is that I am not a professional, full time, knowledgeable or even a profitable Forex trader at the moment.
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 see what I did was good or bad. See how I can improve. Even if my trade is profitable I don't want to say "Alright we made profit it's all good" No! I want to analyze it and see If I could do something at that time to get a better read on the market, to see if I could have done something to get more confidence in that trade.
I will also have a list of things I need to learn and what I've already learned and a list of questions that I have. If you see that I've missed something in the list or if you have a resource that could help me with certain things feel free 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 resources I've used to learn the things that I know.
I will be trading demo money until I can see a consistent return 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 comments like "Why even go in the Forex market it's a losers game" or "Dude you're such an idiot. That trade was retarded" or "The analysis you did was simply retarded, it made no sense."
If you want to give input, share your knowledge or help me in general then I applaud that but please do that in a respectful manner.
If you think something can help me feel free to share either in this thread or trough a PM.
So let me tell you a little bit about myself:
I'm becoming 22 soon, socially I'm not good at all. I don't handle people very well in real life and because of this the jobs I could possibly do are quite limited. I was looking for things I could do and things I would enjoy. I came across the Forex market not so long ago and I got a course on Udemy (it's a website) about the subject and I decided to open a demo account and trade a little bit. Of course like any beginner I only lost money the course didn't help much.
Even when losing money I still enjoyed trading so here I am giving it a shot.
I like anime, games and streaming.
Resources I used to learn the things I know:
-Udemy Forex beginner course. (Wouldn't recommend it Not worth the money.)
-Udemy Forex EA course (Wouldn't recommend it Not worth the money.)
-Into the grey by Jason Stapleton (It's free and has a lot of information. It's a must watch.)
-Article on when to move a stop loss to break even. (It's free so why not read it!)
-Babypips school section (It's free and has a lot of useful information! Read it!)
Now here are a few comments I want to make:
-You may see me take a lot of baby steps trough this process but eventually even baby steps create distance.
-I want success not having it is not an option. Be it being a consistently profitable trader or just growing as a trader.
-Even is a door shuts in my face I will look for a way to get past it.
-Losses will happen. You can't always be right.
-Trust yourself and believe in your capabilities.
-You don't have to trade.
-Be patient and wait for your opportunity.
-Learn from your mistakes.
-Check the news calendar even if you're not a fundamental trader.
-Greed will only work against you.
If you guys decide to follow this and help me reach my goal or follow my progress, thank you for that.
AntiVi
First of all I want to make one thing clear and that is that I am not a professional, full time, knowledgeable or even a profitable Forex trader at the moment.
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 see what I did was good or bad. See how I can improve. Even if my trade is profitable I don't want to say "Alright we made profit it's all good" No! I want to analyze it and see If I could do something at that time to get a better read on the market, to see if I could have done something to get more confidence in that trade.
I will also have a list of things I need to learn and what I've already learned and a list of questions that I have. If you see that I've missed something in the list or if you have a resource that could help me with certain things feel free 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 resources I've used to learn the things that I know.
I will be trading demo money until I can see a consistent return 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 comments like "Why even go in the Forex market it's a losers game" or "Dude you're such an idiot. That trade was retarded" or "The analysis you did was simply retarded, it made no sense."
If you want to give input, share your knowledge or help me in general then I applaud that but please do that in a respectful manner.
If you think something can help me feel free to share either in this thread or trough a PM.
So let me tell you a little bit about myself:
I'm becoming 22 soon, socially I'm not good at all. I don't handle people very well in real life and because of this the jobs I could possibly do are quite limited. I was looking for things I could do and things I would enjoy. I came across the Forex market not so long ago and I got a course on Udemy (it's a website) about the subject and I decided to open a demo account and trade a little bit. Of course like any beginner I only lost money the course didn't help much.
Even when losing money I still enjoyed trading so here I am giving it a shot.
I like anime, games and streaming.
Resources I used to learn the things I know:
-Udemy Forex beginner course. (Wouldn't recommend it Not worth the money.)
-Udemy Forex EA course (Wouldn't recommend it Not worth the money.)
-Into the grey by Jason Stapleton (It's free and has a lot of information. It's a must watch.)
-Article on when to move a stop loss to break even. (It's free so why not read it!)
-Babypips school section (It's free and has a lot of useful information! Read it!)
Now here are a few comments I want to make:
-You may see me take a lot of baby steps trough this process but eventually even baby steps create distance.
-I want success not having it is not an option. Be it being a consistently profitable trader or just growing as a trader.
-Even is a door shuts in my face I will look for a way to get past it.
-Losses will happen. You can't always be right.
-Trust yourself and believe in your capabilities.
-You don't have to trade.
-Be patient and wait for your opportunity.
-Learn from your mistakes.
-Check the news calendar even if you're not a fundamental trader.
-Greed will only work against you.
If you guys decide to follow this and help me reach my goal or follow my progress, thank you for that.
AntiVi