Someone once said… ‘Don’t think you’re the smartest, you’re the last one here’
I started in financial markets in May 2012. I was first trading spot shares. I was lately trading currencies, DAX and oil.
FOREIGN EXCHANGE Trading: I find it exciting because of its liquidity and because it involves contact with events happening around the world, beyond local events. The charts reflect something that’s going on.
Some advice has been helpful…
Get oriented with TRAINING as soon as possible, to save time.
‘I have followed courses with recognized experts who helped me to operate with a working method. I had experience as psychologist, sportsman and programmer analyst. This last discipline has come in handy for developing algorithmic systems’ (ChMir).
Above all CONSTANTITY, which only comes if there is a real AFFECTION.
‘To maintain the effort it is necessary that you like the world of markets, something that does not happen to all traders’ (Brett Steenbarger).
To propose OBJECTIVES that are close and that adapt to oneself.
‘If trading is not an ideal way for you to develop as a person, then you will be better off looking for your passion elsewhere’ (Brett Steenbarger).
Bet on a proven STRATEGY.
‘Investigate strategies, test and apply them systematically with absolute rigour. That is the difference between the impulsive and the systematic operator’ (Boris Schlossberg).
Use a low LEVERAGE.
‘If there is a position that is making us feel bad, the solution is very simple: Close it. There will be time later to re-enter’ (Paul Tudor Jones).
Promote tactics to MAXIMIZE benefits
‘It is a good system to add winners and split the tickets’ (ChMir).
Accept positive and negative RESULTS. The positives are like the sales of the business, the negatives are the costs.
‘End the search for the Holy Grail and the search for a system that never loses. Instead, learn to live with the inevitable losses’ (Rob Booker).
Compared to other good brokers, DARWINEX allows you to stop trading ‘peanuts’.