When I first started learning to trade, there was just so much information and “gurus” out there, and it was overwhelmed…🙀
I heard advises on that I should open an account with XYZ brokerage because they offer the best spread and cashback; or that I need to sign up with Mr. XYZ and go for his Master Class - even though it might costs $5000, but the trading result is guaranteed! 😳
There are a lot of bullshits in this community that gives forex market and educators a bad name. 😡
Years later and many mistakes after, I want to give newbies some real advice: 👍
𝟏. 𝐀𝐥𝐰𝐚𝐲𝐬 𝐏𝐫𝐨𝐭𝐞𝐜𝐭 𝐘𝐨𝐮𝐫 𝐌𝐨𝐧𝐞𝐲
People who encourage you to trade with real money right away, most likely, you should stay from them! I’m not saying they are fake, but I’m assuming they might be too risky of a style for a beginner, of course, unless you don’t mind spending your real money on this new venture!
𝟐. 𝐃𝐨𝐧’𝐭 𝐦𝐚𝐫𝐫𝐲 𝐭𝐨 𝐚 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫 𝐢𝐝𝐞𝐚, 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐨𝐫 𝐭𝐫𝐢𝐛𝐞
People who tell you that there is only one “correct’ way to trade or one right brokerage to use or that only XYZ’s students have been making money, etc., again, most likely, it’s bullshit! 💩
You should always maintain an open mind in your trading career, learn from others, and eventually develop your strategy that fits your personality and lifestyle!
𝟑. 𝐇𝐨𝐥𝐲 𝐆𝐫𝐚𝐢𝐥
People who are selling their strategy as a “Holy Grail,” as if the strategy is going to make you bullet-proof in the market, or worse, the strategy is going to make you a millionaire overnight….
Again, most likely, it’s bullshit! 💩
Sure, you should invest in your education, and a lot of traders can teach you great lessons, but it should be based on knowledge and not something so secretive…. 🤔
𝐉𝐮𝐬𝐭 𝐚𝐬𝐤 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟,
"𝗪𝐡𝐲 𝐰𝐨𝐮𝐥𝐝 𝐚𝐧𝐲𝐨𝐧𝐞 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐬𝐞𝐥𝐥 𝐭𝐡𝐞𝐢𝐫 𝐚𝐦𝐚𝐳𝐢𝐧𝐠 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐭𝐡𝐚𝐭 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞𝐬 𝐲𝐨𝐮 𝐭𝐨 𝐦𝐚𝐤𝐞 𝟏𝟎𝟎𝟎% 𝐫𝐞𝐭𝐮𝐫𝐧𝐬, 𝐟𝐨𝐫 𝟑 𝐞𝐚𝐬𝐲 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 $𝟗𝟗…" 🙄
𝘜𝘴𝘦 𝘺𝘰𝘶𝘳 𝘤𝘰𝘮𝘮𝘰𝘯 𝘴𝘦𝘯𝘴𝘦! 🤓
𝐓𝐨 𝐛𝐞 𝐡𝐨𝐧𝐞𝐬𝐭, 𝐭𝐡𝐞𝐫𝐞 𝐢𝐬 𝐧𝐨 𝐬𝐞𝐜𝐫𝐞𝐭 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐦𝐚𝐫𝐤𝐞𝐭!
Hard works, dedications, consistent approach, and good risk management are few of the keys to success! 💪
𝐓𝐫𝐚𝐝𝐞𝐫𝐬, 𝐡𝐨𝐰 𝐝𝐢𝐝 𝐲𝐨𝐮 𝐬𝐭𝐚𝐫𝐭 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐣𝐨𝐮𝐫𝐧𝐞𝐲?