1. Take the Forex Military Academy - Should take you about a month to complete
2. Find a suitable trading system for you
3. Open a demo account for at least 2-3 months
4. Open a micro account with a small amount and trade there for at least 2 - 3 months until you are profitable
I would say...
I'd say just take the Forex Military School, then go to babypips and do the entire free course. Just trade DEMO for a while until you feel comfortable trading. And when you do, just deposit a small amount and start there. See it as a mid/long term endeavor.
Engulfing candles are great, but they only work when you find them in key areas of support and resistance. Do not trade any engulfing candle you see. Ideally only those on the daily and weekly timeframes.
Yes, sadly I have, too many times. I learned the hard way to ALWAYS put stop losses, there was a point were I lost close to $50k luckily I learned my lesson and NEVER EVER trade without a stop loss or risk anything more of 2% of my account. in one single trade. I have been trading happily for...
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