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New Forex Trader Here

Feb 11 2019 at 09:08
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REB_FX posted:
I'm not new to myfxbook, but new to the forum community.... hi everyone :)

Hi Rachel

Feb 12 2019 at 07:03
54 příspěvků
Hi all - also new to the forum and looking to gain experience

Feb 12 2019 at 07:03
171 příspěvků
Feb 12 2019 at 09:44
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Feb 12 2019 at 09:45
47 příspěvků
Rachel (REB_FX)
Feb 12 2019 at 11:12
50 příspěvků
Thanks for the welcome.

Have you all been trading for long?

Feb 12 2019 at 11:13
624 příspěvků
In Fx trading, learning is not easy despite of having too many sources including pips school, learning sometimes boning and usually new traders get tempts to start trading without enough knowledge and become fascinated with the way of trading live which may cause laziness and trapped by wishful thinking get rich quickly scheme

Feb 12 2019 at 14:39
1 příspěvků
I have been trading forex, futures, equities and options for over 15 years now as my sole source of income. It has been a difficult road. My advice for a new trader is to NOT pay for any courses, tips, schools, etc for at least a year because you can learn so much by reading good books on trading (which is 90% mental and 10% strategy setup). Yes Trading is 90% a psychological problem.
Watch as many youtubes on wave analysis that you can. People are going to try and sell you stuff. Don't buy anything. You are the solution to the problem. You can't rely on someone else. Join a meetup group in your area. Read Mark Douglas' books on trading.
Don't make any trades for at least 1 year. Make a PLAN (google search trading plan), which includes training on platforms.
Good luck to your journey.

Rachel (REB_FX)
Feb 12 2019 at 14:40
50 příspěvků
Learning forex can be very overwhelming, and despite the vast amount of education sources out there, I personally think as a complete newbie you should stick to one, and not try and jump into everything at once.
Master and understand the basics is vital.
There is a lot of hype out there, and it can be hard when first starting forex not to be pulled towards lots of different things and ultimately not get very far!

Feb 13 2019 at 07:24
10 příspěvků
I like what you say. I have tried so many different strategy and learning resource. I wish I had justed focused on area first and worked on that the whole time

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