My Trading journey

Hi Todays i wanted to talk about my experience which started in 2019

Trading is not easy neither it makes you rich that is true for all and you should paste this some where near your trading desk
 
We see lot of screenshot proving to be people earning thousands of dollar , that is true but not that easy and simple later on this

Most of time New traders with balance less than required as per margin and lot size are desperate and impatient

New traders look for holy grail in form of indicators ea and fail miserbaly everytime , most of them end up losing money belivng an indicator will give signal where a market could head

there are lot of factors why market start moving in one direction and you get stuck in trade for weeks even month

new traders dont know the time frame they want to look and often get caught on 5 minute chart watching price action during volatility

to merge all these things in one sentence and leave you with some kind of curiousty

i have learned failed lost and came back to forex 4 times , nothing worked for me because i was always looking for shortcut to make it easy for me
ididnt knew which lot size in total i could trade on 1000 dollars account according to my margin size
i relied on news mostly high impact news to trade in past which work couple of times but you loose that money as well if you dont know what that economic release actually meant for currency , every economic realesed news has some kind of meaning for overall currency perfomance

now to what happened when i skipped everythin behind and started looking on weekly and monthly charts
things dramatically changed i started to realise my own mistakes while looking at bigger time frames all of what i was missing started to make sense , this was first step to getting point of not getting impatient

i started drawing support and resiitance lines on weekly and monthly charts and waited for see if market actaully come back to these price levels once in awhile , yes market do test previous yearly lows

i started seeing market in broad and simplier format because lots of noise was elevated , this is main factor to simply ignore price action on smaller time frames . which is called trap for new traders

now i am on track confident about market always follow a particular trend and fundamentally market always follow the key factors which drive overall currency health .

inflation
manufacturing
Gdp are some of economic factors
you should look at monthly release of these factors in historical form

the good starting point would be to follow a website which only post economic indicators of all countries
Understand which countries enjoy high interest rates and which currencies are save heaven when uncertainity occurs

i would keep updating this if you promise to read

It's good that you came back to trading even though you had losses, I think persistence is one of the big things that separates eventually successful traders from the quitters. I'm also glad things worked out in the end! Would love to see updates from time to time, it's great to read success stories.

HeavLeighGill26 posted:
It's good that you came back to trading even though you had losses, I think persistence is one of the big things that separates eventually successful traders from the quitters. I'm also glad things worked out in the end! Would love to see updates from time to time, it's great to read success stories.

thank you i would like to say trading could only make you suffer if you have un realised goals , what i have learned so far is , the person who could manage risk while trading can make money in long run

Broker is such a thing that makes us suffer at the end of the day. Try to pick up an ECN broker because this type of brokers allows traders with smart bridge technology.

Try to use low leverage, low trading spread, and flexible margin level to moderate your risk. The lower the leverage is, the higher the risk is.

Relatable, If there is anything i learned is that spreads matter , Leverage & Times of trading is important. Set goals, it provides inner self drive mentally. Also scared money never makes money. Having a “im right” mentality until you see otherwise is a good trait. bless

success is open for all kinds of trader , make sure most powerful analyzing trade knowledge with a reliable support from a credible trading broker.

Hay @fakharrdp
What a fabulous post this has been. I am grateful to you and expect more number of posts like these. This is great story..