I started a 4-month self education period at the beginning of September and hope to be ready to open a micro account by January. I've read this forum, books, countless articles. I've practiced in a demo account, not doing well, not doing bad. However, I have grasped the concept of money management and my personal trading type. I started demo trading the 5 and 10 minute charts, then read on this forum that beginners should trade daily and weekly charts. I did worse on those. I'm now more comfortable with 1h (and only sometimes below) charts, and I like the GBPJPY because of its volatility.
In September it was my goal to grow my account starting in January by 25% a month. I have gone through periods where that seems impossible and some where it seems doable. I have no mentor or special forex class. I only have free resources on the internet like this forum and library books.
Any advice?
In September it was my goal to grow my account starting in January by 25% a month. I have gone through periods where that seems impossible and some where it seems doable. I have no mentor or special forex class. I only have free resources on the internet like this forum and library books.
Any advice?