SuvashishFx

Things I'm focusing now as a Beginner

Education
FX:EURGBP   Euro / British Pound
It's Been Six Months since I started doing Forex and taking this very seriously. But at the beginning, It was very scary but a few things which I must be shared which you must be Avoid to starting this business.
I know, I'm new or not a professional yet but what I faced and what thing should we avoid or follow to get started trading. And these points are only valid if you want to be a trader and don't have enough money to lose.

  • Stop Joining VIP Channel. Obviously, fewer are good but don't take trade blindly. It's your money.

  • If you are start coping with the trade or take the signal blindly then your path will be end soon. Keep that in mind.

  • Stop Looking for getting Rich Soon. It's not so easy. Trust me. Trading carries lots of emotion.

  • Stop Looking for Millions of dollar Earning Screenshot or TickTock or YouTube Stories Videos. Most of them are scams and try to sell their stuff.

  • Stop Looking for $1k-$5k dollar course. If you really want to learn from video tutorials then you can try udemy.com and the course fee is near $15. You can gain basic knowledge easily.

  • Find your strategy. For example, Would you like to trade with the trend, or when is the trend gonna break? It will take some time to understand but Don't give up.

  • Clean Your Chart as much you can. Don't make too much noise over your chart.

  • Don't Trust EA too much. Doesn't matter which strategy they used but If you don't have enough capital or not going to cry then don't use it.

  • Stop Browsing Too many tutorials. Everybody has their own strategy. Stick with one or two-channel. I found very helpful content from NickTrader and RockzAcademy from YouTube. And you can follow Data Trader and The Moving Average Channel for how to use Indicator or find out Divergence etc.

  • You don't need a mentor if you are focused. If you are able to finish the BabyPips course which is free and learn ChartPatterns and Keep Practicing with Demo Accounts then you will be able to read Chart.

  • 90% Losers cause of emotions and want to earn money so fast but that's not how this is works.

  • Learn How to be Patient. And make your daily notes. Try to learn from your mistakes. Don't go for revenge. Read BabyPips Blog and TradingView Idea. You Can check how they draw.

  • You can visit ForexFactory to check High Impact News and currencies. You don't need a course to understand Fundamental things. Nobody makes you an expert. It's totally up to you.

  • If you are confused to understand, please post your problem to babypips. There are lots of good guys happy to help you.

  • Don't get panic if start losing money. Don't forget to set Stop Loss and stick with your plan. And act your demo account to real one else you will face the problem.

  • Track your trading history over mql5 or myfxbook and watch the results. I found that my winning rate was between 68-74% and I'm very much happy with that.

  • The most and powerful thing is Risk Management. If You don't know how much you want to lose daily or earn daily then you are in trouble. Like I'm ready to lose 1% day and focus to gain 3-4%

  • Mostly I'm focusing on Risk management and how to be patient. Cause I can read the chart which makes me excited and that's the dangerous thing if I am not wrong. Don't go for the market. Let me the market come to you. I got this advice from most of the Experts. So Be Patient. Because 90% patient + 10% Skill to win this market but still I don't know but will do soon 😃😃😃

  • If you patiently read all of these points then type anything in the comment box. So, I can understand that someone at least checks all points to make this thing better.

  • Last 6 months I blew only 1 real account which deposit amount was only $800 + Profit $323 = $1123 and I lose all this money during High Impact News time and I didn't set Stop loss.

  • Never Stop Learning and analysis. Boost your own knowledge and analysis power 😎😎😎

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