Well, I did ventured in forex since 2007. Back then, I was only trading by demo account and also in real account. I would like to share with you my experiences in as a newbie in forex.
First, I opened up a first demo account with an online forex broker. I cannot remember the broker's name. But I remembered that the broker is quite popular at that time (2006-2007). I did not learn much, I just learn how to enter trade and closed a trade. At that time I was eager to make money fast. I thought that I could make money so I opened up a real account with a small amount of capital.
Entering and closing trade is merely depended on technical indicators such as MACD in a 15 minute timeframe. The pair mostly traded is EURUSD. The first few trades successful and after that my account is depleting. Then lastly went to ZERO balance. Very frustrating oh..
But nevermind, after that I did not fund my real account. I opened up another demo account with other brokers. There are so many brokers that I have tried since that. Read so many articles or guide on forex trading online. There are so many videos that I watched and downloaded regarding technicals and fundamentals on forex. Having that so many knowledge..still did not make me a good trader.
I rather say that years of experience train us to become a good trader. A good trader is a trader that knows when to enter trade and when to close trade, have a target, have the fundamentals and technicals welded together in the mind. The most important is the mindset to control emotions during trades, pre and post. If you can control the emotions then you can be a successful trader.
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