Anyway! I have recently come across the foreign exchange market, just like everybody else has, and my main goal is straightforward. Money.
I am not into some other bull. I don't wish to spend hours learning about gibberish that does not make any logical sense. *cough* planetary bicycles *Infection *
Before I start, here's my background:
I am Andrew. I am a 28-year-old freelance graphics designer looking for financial freedom, and I don't really give a damn about much else, to tell the truth.
NowI consider myself a smart person, and perhaps a step above the average Foreign Exchange novice, and I feel like after navigating a lot of trading forums for a short while, I have a general idea of the gist you need in this business.
Up to Now, this is what I have figured out:
The general consensus around forums is the fact that it's near impossible to trade successfully in the long run, let alone for a dwelling. Quite depressing, but I don't care what others say, but instead my own outcomes, and I believe it's just the vocal majority that invest their time complaining on forums rather than improving their game.
Indiors, for the most part are bull. Useless. They're telling me something that's happened already. Something which I missed, and can't take advantage of. It is possible to use your Aligator Super Pip Maker Version 3.0 in the event that you want. I am not a lover.
Simplicity is key.
Possessing a good, clear thoughts. Follow rules. Do not mentally break down, simply trade like you should. Lost 10 trades in a row? I don't care. Follow the plan.
Money/risk management is -all -.
My trading egy is. . Nothing at this time. My charts are basically empty, except with a few lines.
What's highly been recommended to me, and what the most popular thing on the block right now appears to be price action trading, which, so far as I know, is basically taking advantage of candlestick formations, and trading based off that. No bull indiors or any dodgy theories.
Therefore my beginning quest at this time would be to dive into the area of price action, learn the intricacies, and earn money.
A question for you seasoned PA traders: What is the best price action site to learn trading from in your experience? I have heard of lots, but I want to sit down and put in the time to research the price action thing.
For everyone else:
Welcome to my thread. The beginning of my trip. Speak freely in the event that you please, but maturely. I would really like to hear your adventures in trading, and I invite you to do so.
I will tell you that you're on the right path, everything you'd written is accurate except from the very fact which you can be profitable in the very long term and you can live from trading, you've got to be very nice and it takes decades to master it.
Andrew don't take advise from 95%....
They're traders making a living from trading.I talk with one daily about our transactions.
I have been trading 6months and past 2 months solid profitable.My 1st 4 months were dreadful due to my lack of expertise and I consider that normal sort of tuition.
BS that you requires decades and years of expertise to be profitable are coming from people who haven't mastered simple disciplines and keep making typical mistakes and never truly work on their flaws consistently.
Ultimately not everyone is intended to be a trader.That is simple truth.If one is still not profitable after 5yrs I'm sorry you're in wrong occupation.
Trading necessitates honesty.Market exposes your flaws,insecurities,know all of it,greedy,revengeful,laziness etc.It enables you to cover every-time you lie to your self.
Should you maintain yourself ascertained,hungry for success then you are going to find your way to success.
I'm artist also and artists are naturally good in trading since trading requires blending many components into a cohesive whole much like nicely executed graphic work or even a painting.
Andrew you have to check at FX long term financial freedom not overnight or even 1yr. Keep your regular job and strive hard to learn just as much as you can and slowly assembled your account. 5k account with 8% monthly profit blooms to 500k in 5years. Its a turtle's race.I'm shooting 10% or greater.
Anyhow! I have recently come across the foreign exchange market, just like everybody else here has, and my primary goal is simple. Money.
I am not into some other bull. I don't want to spend hours studying gibberish that does not make any logical sense. *cough* planetary cycles *cough*
Before I start, here is my background:
I am Andrew. I am a 28-year-old freelance graphics designer searching for financial freedom, and I don't really give a damn about much else, to be honest.
I will tell you that you're on the right path, everything you had written is true except from the very fact that you can be profitable on the very long term and you're able to live from trading, you have to be very nice and it takes years to master it.
I really recommend you to begin your journey in these types of forums:
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