New traders should gather knowledge first. Because low knowledge can be very dangerous in the forex market. Most of the traders lose their money because of their lowe knowledge about the market.
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Hello everyone
first of all I hope you all excuse my poor English as it’s not my main language, second I want to post my story in case anyone care enough about strangers to endure reading it all and give some advise .
I learnt about forex 10 years ago , I studied CMT lvl 1 and 2 then I gave up this world for foolish personal reasons without even trying to find if I am successful or not in it , then about 3 months ago I Got over my reasons and I decided to follow my dream of being a day trader again . Now of course I have forgot almost everything I learnt 10 years ago so I went back to the basics and started reading about trends support/ resistance and candle sticks patterns then decided I don’t want to dig deep into indicators again like in the past ( no idea why ) , I moved on to reading very heavily about gann methods , price action , supply and demand and I decided to postpone fundamental for now , then I got a forex tester to backtest and a demo account to forward test , I started the demo account with 250$ And after 1 and half month it’s at 260$ now as for the backtesting I don’t have exact figures but it’s safe to say I blew couple accounts
, I know I shouldn’t expect much results From 3 months and hope no one give me the sarcasm of ( you are so naive ) or ( 3 months of learning isn’t something) because I understand and I was prepared from the beginning to a life of endless learning and I knew I need years to be successful, however after all I am only human and we all have emotions so I can’t help feeling I am hitting one dead end after another. For those of you who have been doing well as traders for year all I am asking is what advise would you give me ? What to read ? which skills to hone ? What to give up on ? I understand there are many different schools and everyone seem to think only theirs is the best but I am looking to be a trader who dismisses nothing and believe the fact that there is more than 1 road to success I am not looking for trading systems of of course I’d love to be able to make some money as fast as possible but what I am really looking for is to be able to make my own systems in the future
edit :one of my biggest problems is that most links I Find interesting and decide to read are from so many years ago so I can’t review them and some others works but I have no idea if what’s discussed in them is still valid giving the fact that it has been 6-8 years or more since they were posted
first of all I hope you all excuse my poor English as it’s not my main language, second I want to post my story in case anyone care enough about strangers to endure reading it all and give some advise .
I learnt about forex 10 years ago , I studied CMT lvl 1 and 2 then I gave up this world for foolish personal reasons without even trying to find if I am successful or not in it , then about 3 months ago I Got over my reasons and I decided to follow my dream of being a day trader again . Now of course I have forgot almost everything I learnt 10 years ago so I went back to the basics and started reading about trends support/ resistance and candle sticks patterns then decided I don’t want to dig deep into indicators again like in the past ( no idea why ) , I moved on to reading very heavily about gann methods , price action , supply and demand and I decided to postpone fundamental for now , then I got a forex tester to backtest and a demo account to forward test , I started the demo account with 250$ And after 1 and half month it’s at 260$ now as for the backtesting I don’t have exact figures but it’s safe to say I blew couple accounts
, I know I shouldn’t expect much results From 3 months and hope no one give me the sarcasm of ( you are so naive ) or ( 3 months of learning isn’t something) because I understand and I was prepared from the beginning to a life of endless learning and I knew I need years to be successful, however after all I am only human and we all have emotions so I can’t help feeling I am hitting one dead end after another. For those of you who have been doing well as traders for year all I am asking is what advise would you give me ? What to read ? which skills to hone ? What to give up on ? I understand there are many different schools and everyone seem to think only theirs is the best but I am looking to be a trader who dismisses nothing and believe the fact that there is more than 1 road to success I am not looking for trading systems of of course I’d love to be able to make some money as fast as possible but what I am really looking for is to be able to make my own systems in the futureedit :one of my biggest problems is that most links I Find interesting and decide to read are from so many years ago so I can’t review them and some others works but I have no idea if what’s discussed in them is still valid giving the fact that it has been 6-8 years or more since they were posted
