About Forex Trading,(Failing & Reality?)
As we are well ware, the world is currently embracing the realm of forex trading. It holds true that many of us desire to achieve profits in a short period of time. Rather than investing our efforts in learning trading strategies, understanding market movements, and acquiring the necessary knowledge for success, we often seek signals. We neglect to consider the market conditions or other crucial factors, content to shift the blame onto signal providers. It's actually quite amusing when you think about it – we entrust our money to others indirectly.
Experience layer 1
Now, let's discuss my personal experience as a trader. I have been engaged in trading since 2017, and during this journey, I have made numerous mistakes and lost money that I could afford to lose (although it wasn't a significant amount). In the beginning, perhaps due to my greed and lack of experience, I made some errors. I had no understanding of the basics of trading, such as buying and selling rules, support and resistance levels, or any other important concepts. As a result, my initial attempts at trading failed.
In an attempt to find success, I turned to signals. I joined various Telegram channels and followed the signals provided. However, to my disappointment, I ended up losing money once again. It was like a failed plan for making money. This marked the beginning of a new phase in my trading journey
In this second phase of my trading journey, which I refer to as "Experience Layer 2," I dedicated myself to learning about indicators, charts, currency pairs, MT5 market tools, and the trading software itself. I started by trading on demo accounts to gain practical experience. During this period, I experienced both losses and occasional gains. It was through these experiences that I began to understand the importance of money management, specifically risk management. I delved into researching various trading strategies and other related topics, which allowed me to gain valuable insights. Additionally, I discovered the significance of personalized chart setups, enabling me to customize my trading approach according to my preferences. This phase of my journey took place from 2018 to 2019..
To Be Continued.......! Thank You
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