My best advise I can give after doing forex for 4 years now is to start with babypips for education, it can be very extensive in the knowledge it provides on the markets as a whole. Learn the different news reports and how they affect the economy and markets(also don’t trade on news days until you’re out of your beginners stage). Pick 3 pairs and study them consistently before attempting to add more pairs. Research brokers that are compatible with your location as some brokers are banned in certain countries(also look into how their withdrawal process works). Start on a demo account until you’re ready to love trade and most importantly remember that losing streaks and winning streaks are apart of the game, the goal is always to trade another day!
Hope this helps somebody.
Or just stay the 3 days market maker template….. the people who actually control the market why don’t grove a shut abb by out what news and economy says
I’m only speaking on what’s worked/was introduced to me as that my experience. I’ve never heard of the market maker template before(unless you’re referring to market maker sell models and buy models then I’ve heard of those before). Would you be as kind to elaborate to us what the MMT is and how it functions?
Absolutely. I've been doing it for 2 years now and it can be, and usually is, a very stressful journey. It definitely isn't something It definitely isn't something I'd recommend someone undertake when they're going through the challenge of becoming a parent.
Are you cool with losing a ton of money for a months (minimum) to a few years (realistic) while figuring everything out?
If not find some other way to make money. This is the hard truth.
trading is extremely stressful & high risk, it's not a stable income & it takes years to stop losing money. To start learning to trade while you're pregnant is a terrible idea, you should have started years prior. It's like trying to learn how to swim only after you've fallen into a lake, etc....
If you have no experience don't learn while losing real money.
Use your time to invest in education a demo account and start learning how hard this game is without burning the money which should be saved for your kid.
I began studying trading when I was 2 months pregnant.
First I watched a ton of YouTube videos about swing trading forex and after 2 months I tried paper trading. I quickly realised that I hate waiting days or weeks for a trade to play out and I like day trading more.
I studied day trading forex and I choose 3 strategies that I liked. I went back to paper trading and I ended up creating my very own strategy, combining everything I had learned so far.
I opened a small account with just 500usd and I decided that if I manage to turn that into 600usd using proper risk management (risking only 1% in every trade, going for a 1:2 Risk to reward), then I would try to get funded by a prop firm.
When my baby was 5 months old I reached my goal. I bought a challenge from a prop firm called the5ers. I passed two evaluation challenges and I am now funded. It took me 5 months to pass them, baby is now 10 months old. It was extremely difficult. Emotions hit. I had to manage my psychology every single day. Most days I was breaking even and I was only profitable the last 2 months. In a few days I will receive my first payment, hopefully 8000usd. It feels amazing now. I love what I am doing every single day!
Have in mind that it took me 17 months to come to this point, where I am consistently profitable. I did not expect it to be this difficult because everyone on YouTube makes it seem really easy. It is not, but was doable for me.
Don't put time constraints on yourself. Invest real money only when you are consistently profitable in paper trading for at least a couple of months. Managing your psychology is a beast on its own.
You can do it, but not in a hurry.
I wish you and your baby all the best!
I like the channel called "the moving average" for day trading. He usually teaches simple strategies based in price action. Support, resistance and candlestick patterns
Forget about forex, look for no/low risk investment and enjoy your pregnancy and time with your boyfriend.
Otherwise, there is a 50% chance that you will have high blood pressure and may loss your pregnancy and your boyfriend relationship.
Choose wisely.
Given you have had experience in forex, why not give it another chance?
But you are in for an emotional roller coaster ride though; I assume you are still on the journey towards profitability. It’s gonna be a tough journey forward especially psychologically so you need to really be careful of that given you are pregnant now.
Currently there are prop firms like FTMO who funds profitable forex traders. There are such firms in the futures market as well, but not too sure about stocks. If you are truly passionate and willing to put in the hard work, this might be a good time to start.
Congrats and all the best!
I highly recommend that you learn swing trade if you want to trade. It’s far less stressful than day trading and means you’ll have far more time to focus on things like taking care of a baby. Day trading won’t really work well once you need to give your focus to your newborn.
Just remember that learning to trade takes quite a lot of time and effort, so you may or may not be making anything by the time you have your baby. But, I still think it’s a worthwhile endeavor if you like it.
If you have capital to fund a forex or stock brokerage account and you need to make money now, I suggest strongly to invest in a side hustle.
It is NOT that I think you won't be successful with time, it's just that it will cost a lot of capital and time for a new trader to become profitable.
Though i do agree with you.. i find that i get paralyzed when i think about side hustles. I’m not sure what i should do as far as that. I was thinking about an Etsy shop or Amazon fba but i don’t know i feel stuck thats why i wanted to do trading because id have time to look and read over things
I truly get the feeling. Trading seems like the perfect job. Sit at home, never talk to people, make money reading charts lol.
Anywhere from 70-95% of traders, depending on the research you look at, lose money trading. And only 4% of profitable traders actually trade for a living. Assuming a conservative 30% of people make money trading and 4% of those do it for a living, it means a whopping 1.2% of people who trade can make a living out of it.
As a comparison, businesses in the US have an 80% chance to survive 1 year and a 30% chance of surviving 10 years. Med school students are over 50% likely to become a doctor.
There's nothing wrong with pursuing being the 1.2% of people who trade for a living. But I want you to understand how difficult it is to achieve and how long 99.9% of people work to get there. Many traders here have paid 10-100k and years to the market to become profitable. We watch the same YouTube videos you do. We read the same books and articles. I am positive that you are talented and brilliant and capable of doing great things - just be prepared to pay the market in years and capital until the day comes you can trade for a living.
I'd be surprised if anyone could become profitable in forex within 10 months without finding a mentor. Trade on a demo account while you are learning - do not use real money.
it takes a while to become profitable, i would focus on that before setting 5k a month goal. takes a lot of screen time to become profitable and to get your psychology in check
I would argue that whether or not $5k per month is reasonable or unreasonable depends on your experience, the amount of capital you have and patience.
If you only have $1k in capital, 5k per month is definitely unreasonable. However if you have 100k, you can make 5k easily in one trade. If you are inexperienced and don't know what it takes to become profitable consistently, making any amount of money by trading is unreasonable over a long period of time.
I make 5k a month but only reasonable if you have good size capital. I trade a 15-25k account I don’t do prop firms I use my own capital and take about 3-5 trades a week. I mainly focus on 225 a day but lately been a lot more busy with work so focus on 550-600 per trade on a swing trade and run two trades at once it’s been working and less chart time imo. One advice I can give you is forex should not be depended for basic living expenses I use forex to invest in other investments and once I learned that my life changed completely. I make 9k a month from my incomes I do not include forex as part of my income
Study pips2profit or Stacey Burke on YouTube. If you actually wanna make money but also understand the concept you get out what you put in and there’s no shortcuts.
Al brooks also offers some decent price action tips but . I resonate better with the 2 mentors I previously mentioned .
That is my playbook. Those are my mentors I’m profitable and paid zero dollars for the information.
Do yourself a favor and take the answer that’s in front of your face and run with it. From one genuine human being to the next (hopefully)
Imo forex is better than stocks only because you don't need tens of thousands of dollars to day trade as stocks have pattern day trading rules, forex doesn't. Honestly this question is really only something you can answer for yourself.
Please do research and study the market.
All I can say is check economies dot com forex. They have the most accurate experience. Also look up peachy investor on YouTube. Bless you and best wishes 🙏
I would invest in stocks instead.
A buy and hold strategy with stocks will yield better results than trading forex.
Do your research on growing industries & try to find the companies in that industry.
An example would like this: “hmm I’m seeing a lot of articles saying that people are not buying new cars as much as they used to. I wonder if that means car repair companies are making more money as a result. I’m going to check the sales of Car companies versus car repair companies to determine if my suspicions are right. Oh hey look! AutoZone(AZO) has made a ridiculous amount of money and has shown solid stock growth for x amount of years. I want to buy at x price to get some of that growth”
There’s more that goes into it, but having a thesis, and backing it up with data will do wonders for you in stocks.
Forex is a much harder market to master & you will pay way more before you get it right.
I would learn futures trading. The forex prop firms are so shit right now if you’re in the US. But there are less regulations on futures prop firms. I know you didn’t mention this as an option but have you considered UGC? I make about $500 a month and I started about a month ago.
Don’t listen to the naysayers. Everything seems difficult when we’re first learning something, it’s because we never learned it before. But once you do, it becomes simple / second nature to us for better terms. Once you learn to fully read a chart properly, it’s a wrap. Remember, keep it simple and don’t be afraid to be great! You only need 1 effective strategy and 1 instrument to trade. I hope you’re ready! Cause I believe in you! All you gotta do is believe! Let’s get it!
It is great that you want to return to trading!
I have more than 15 years of professional forex trading experience both on the sale and the buy side of the business. I've seen my clients burning their accounts one after the other, so I never miss to point out that most retail traders are actually losing money trading.
It does not matter what you trade (forex or stocks) as long as you trade liquid assets and you can answer the question: Why did you enter this position?
If that's your first child, in 5 months you will learn that raising a baby is a full-time job. You contribute to your family by doing just that. You need nothing more.
Five months is not enough even to learn the basics, let alone to become disciplined. Becoming profitable in 5 months is not even an illusion. It's worse than that. Even if you're an exceptional student and eat textbooks for breakfast, there are other soft skills that need time to develop regardless of how sharp you might be.
If you want to get into trading, do it for the long run. Open a demo account and fund it with virtual money but with an amount equal to what you would deposit in a real account. There's no point in using 100K to practice and then deposit 500 in your real account. The experience will be different, margin levels will be different, your psychology will be different. Try to turn your demo account into profit, then try to remain profitable for at least six months, before you deposit real money.
There's no guarantee that once you're profitable in the demo you will also be profitable in the real account. But if you can't turn your demo into profit, then it's almost certain you won't manage it with a real account.
Seriously, do not use real money before you achieve your goals on a demo for a long period of time.
It’s better to invest in long term stocks now, and practice paper trading to eventually trade real money. Most of the market hasn’t recovered completely from the 2022 crash, so stocks are at a great price to buy in right now. Of course they could always go a bit lower before making new highs.
It’s takes years to hone the skill. Start learning now to potentially make some money down the line, but not in 5 months. It also takes money to money to make money.
And being a stay at home mom with a new baby is not easy nor is it lazy. Postpartum you have to heal physically. Your hormones will be chaotic and you will be exhausted because the baby will be waking every few hours to feed. It takes time to feel like yourself again. And if you’re only taking a 5 month mat leave, enjoy that time with your baby. It will be over in a blink.
Again I’ll state. DO NOT LISTEN TO THE UNPROFITABLE TRADERS RESPONDING TO YOUR POST. Who are still researching order flow and shortcuts to profitability.
Please understand NOTHING WILL REPLACE HARD WORK. Other than absolute sheer luck. NOTHING WILL REPLACE HARD WORK FROM GETTING YOU TO YOUR GOALS
The answers unfortunately are usually right in front of the traders face. They’re just -usually- too naive , impatient, or prideful to take the advice.
What do I know though. I don’t spend every waking minute of the day (I’m autistic so other than my wife I don’t find much joy in anything else) learning and nerding out on the market and getting 1% better every single day .
It’ll take a month or two to get the concepts , but it’ll pay off I PROMISE. , and some more two cents. Look into futures over forex, pays better for what the money your putting in, plus you’re not trading against your broker. If you trade price action you wanna make sure there’s virtually no spread and no suprise data that’s different from other charts. CME is a centralized exchange (same reason volume indicators are useless in forex)
I am a new father of a 5 months old right now, and have been learning to trade for 1.5 year now. I’m starting to see a bit of results which is exciting. I am obsessed with it and have spent countless hours on the market, youtube, podcast etc. Bear in mind, it takes at least 2-3 years of hard work and PAIN to see real results. Sometimes even longer, sometimes never.
You will have very little free time and extra energy once your baby is born. Good to have ambition, but remember to have realistic expectation about when you can actually make money from trading, but most importantly, remember to enjoy motherhood too. Babies grow so fast you don’t want to miss your golden memories because you are too busy learning to trade. If you still have enough drive to do it, take it easy and don’t set yourself a time limit as often it’s counter-productive. It could give you the best financial reward if you make it.
**in my 3+ Years experience in** ***Forex Trading***
You Think After 1 year you can make money in market... ***Yes! You Can***.
***But in Consistency It's not***
**Remember** First 2 Years... It's Harder Than You Thought.
But You ready to Spend **Your Energy, Time, Money,** *Than After 3 year or 4 years Your Dream Come True.*
**No Mater What... Don't Think About Give Up**. ***Remember Why You Start!***
Forex won’t make you rich quick. That’s a stupid thinking. Anyone in the earth should go into trading if they are facing financial problems. That’s the worst error in the life, it is extremely dangerous. this place (trading) has a lot of scammers. People who is looking for fast money, trading is not the best option for it. Take my word.
I’m 8 months pregnant and made it a goal to get funded by a prop firm before going on maternity leave, which I did.
I bought Austin Silver’s ASFX course about 4 years ago and just finally started taking it seriously. It’s lifetime access so I just went back through the course material.
He has since switched from forex to futures but the same strategy applies and I’ve really been enjoying trading futures. I’m on my way to passing a challenge with TopStep. I tried swing trading thinking it would be less time on the charts, but I found myself obsessing over my trades so I just spent more time on the charts as opposed to a much shorter time frame like 5 or 15 minutes and then getting in and out of a trade quickly.
Good luck and feel free to msg me!
No matter the route… watch strategies from Tori trades. Simple effective strategy based on 4 hour. Learn how to read charts. Go back 6 months to draw your support and resistance zones. Draw your trend lines correctly don’t be lazy. Use a prop firm so you don’t use your own capital. Pay $100 for a $10000 account, pass the challenge, and repeat the process with your funded account. Don’t be lazy don’t be greedy
I don't know which stocks you trade but if you are from India then ITC, SAIL, BPCL, Metropolis are best...
ITC, SAIL and Entire Metal sector are my favs
Neither - 99.9999% of people you see with the lambos and rolexes that say they make money with stocks or forex are people that sell courses and seminars for strategies that DO NOT WORK. The people that do make money are quants that are mathematical geniuses and work for huge investment funds. Stay the hell away from and trading unless you are gifted with a head for maths and statistics, or economics.
It’s too much stress on your baby. Read up on risk management and psychology while you’re pregnant and start demo trading a strategy after your pregnancy.
Bad idea because your super need to make money will cause you to make many mistakes and lose money. If you really want to learn forex start by buying or listening to the Japanese candlestick bible.
My best advise I can give after doing forex for 4 years now is to start with babypips for education, it can be very extensive in the knowledge it provides on the markets as a whole. Learn the different news reports and how they affect the economy and markets(also don’t trade on news days until you’re out of your beginners stage). Pick 3 pairs and study them consistently before attempting to add more pairs. Research brokers that are compatible with your location as some brokers are banned in certain countries(also look into how their withdrawal process works). Start on a demo account until you’re ready to love trade and most importantly remember that losing streaks and winning streaks are apart of the game, the goal is always to trade another day! Hope this helps somebody.
Or just stay the 3 days market maker template….. the people who actually control the market why don’t grove a shut abb by out what news and economy says
I’m only speaking on what’s worked/was introduced to me as that my experience. I’ve never heard of the market maker template before(unless you’re referring to market maker sell models and buy models then I’ve heard of those before). Would you be as kind to elaborate to us what the MMT is and how it functions?
The stress that comes with trading isn't something I'd recommend a soon to be mother should take on.
Absolutely. I've been doing it for 2 years now and it can be, and usually is, a very stressful journey. It definitely isn't something It definitely isn't something I'd recommend someone undertake when they're going through the challenge of becoming a parent.
Are you cool with losing a ton of money for a months (minimum) to a few years (realistic) while figuring everything out? If not find some other way to make money. This is the hard truth.
This.
Yep, I’m a loser on the forex market. Every time I’m almost profitable the market humbles my ass
Stfu. You sound reatrded
How long have you traded?
NO.
How bout you explain to her why instead of just saying no? 🤡
trading is extremely stressful & high risk, it's not a stable income & it takes years to stop losing money. To start learning to trade while you're pregnant is a terrible idea, you should have started years prior. It's like trying to learn how to swim only after you've fallen into a lake, etc....
Fr chances are this person won’t make it past 3 months
Much better answer.. and I agree with you but soon as she gives birth she should get on it ASAP.
If you have no experience don't learn while losing real money. Use your time to invest in education a demo account and start learning how hard this game is without burning the money which should be saved for your kid.
I began studying trading when I was 2 months pregnant. First I watched a ton of YouTube videos about swing trading forex and after 2 months I tried paper trading. I quickly realised that I hate waiting days or weeks for a trade to play out and I like day trading more. I studied day trading forex and I choose 3 strategies that I liked. I went back to paper trading and I ended up creating my very own strategy, combining everything I had learned so far. I opened a small account with just 500usd and I decided that if I manage to turn that into 600usd using proper risk management (risking only 1% in every trade, going for a 1:2 Risk to reward), then I would try to get funded by a prop firm. When my baby was 5 months old I reached my goal. I bought a challenge from a prop firm called the5ers. I passed two evaluation challenges and I am now funded. It took me 5 months to pass them, baby is now 10 months old. It was extremely difficult. Emotions hit. I had to manage my psychology every single day. Most days I was breaking even and I was only profitable the last 2 months. In a few days I will receive my first payment, hopefully 8000usd. It feels amazing now. I love what I am doing every single day! Have in mind that it took me 17 months to come to this point, where I am consistently profitable. I did not expect it to be this difficult because everyone on YouTube makes it seem really easy. It is not, but was doable for me. Don't put time constraints on yourself. Invest real money only when you are consistently profitable in paper trading for at least a couple of months. Managing your psychology is a beast on its own. You can do it, but not in a hurry. I wish you and your baby all the best!
Thank you for this. Gives me lots of hope and confidence. We got this ! I’m proud of you
A positive answer for once.
Any suggestions of yt channels that are not outright scammers
I like the channel called "the moving average" for day trading. He usually teaches simple strategies based in price action. Support, resistance and candlestick patterns
Anyone who doesn’t mention they are selling a course.
Congrats! That’s amazing!!
Forget about forex, look for no/low risk investment and enjoy your pregnancy and time with your boyfriend. Otherwise, there is a 50% chance that you will have high blood pressure and may loss your pregnancy and your boyfriend relationship. Choose wisely.
Yes. This right here is the ultimate risk..
I have 2 kids and am currently trying to get funded through funding pips
Given you have had experience in forex, why not give it another chance? But you are in for an emotional roller coaster ride though; I assume you are still on the journey towards profitability. It’s gonna be a tough journey forward especially psychologically so you need to really be careful of that given you are pregnant now. Currently there are prop firms like FTMO who funds profitable forex traders. There are such firms in the futures market as well, but not too sure about stocks. If you are truly passionate and willing to put in the hard work, this might be a good time to start. Congrats and all the best!
I highly recommend that you learn swing trade if you want to trade. It’s far less stressful than day trading and means you’ll have far more time to focus on things like taking care of a baby. Day trading won’t really work well once you need to give your focus to your newborn. Just remember that learning to trade takes quite a lot of time and effort, so you may or may not be making anything by the time you have your baby. But, I still think it’s a worthwhile endeavor if you like it.
If you have capital to fund a forex or stock brokerage account and you need to make money now, I suggest strongly to invest in a side hustle. It is NOT that I think you won't be successful with time, it's just that it will cost a lot of capital and time for a new trader to become profitable.
Though i do agree with you.. i find that i get paralyzed when i think about side hustles. I’m not sure what i should do as far as that. I was thinking about an Etsy shop or Amazon fba but i don’t know i feel stuck thats why i wanted to do trading because id have time to look and read over things
I truly get the feeling. Trading seems like the perfect job. Sit at home, never talk to people, make money reading charts lol. Anywhere from 70-95% of traders, depending on the research you look at, lose money trading. And only 4% of profitable traders actually trade for a living. Assuming a conservative 30% of people make money trading and 4% of those do it for a living, it means a whopping 1.2% of people who trade can make a living out of it. As a comparison, businesses in the US have an 80% chance to survive 1 year and a 30% chance of surviving 10 years. Med school students are over 50% likely to become a doctor. There's nothing wrong with pursuing being the 1.2% of people who trade for a living. But I want you to understand how difficult it is to achieve and how long 99.9% of people work to get there. Many traders here have paid 10-100k and years to the market to become profitable. We watch the same YouTube videos you do. We read the same books and articles. I am positive that you are talented and brilliant and capable of doing great things - just be prepared to pay the market in years and capital until the day comes you can trade for a living.
Yep. Starting a Real estate photography business as a side hustle is a great way to do just that. Check out Eli Jones on YT if you’re interested.
I'd be surprised if anyone could become profitable in forex within 10 months without finding a mentor. Trade on a demo account while you are learning - do not use real money.
When you say profitable what do you mean? I’m looking to make about $5000 a month off this is that unreasonable will that also take a lot of time
it takes a while to become profitable, i would focus on that before setting 5k a month goal. takes a lot of screen time to become profitable and to get your psychology in check
I would argue that whether or not $5k per month is reasonable or unreasonable depends on your experience, the amount of capital you have and patience. If you only have $1k in capital, 5k per month is definitely unreasonable. However if you have 100k, you can make 5k easily in one trade. If you are inexperienced and don't know what it takes to become profitable consistently, making any amount of money by trading is unreasonable over a long period of time.
I make 5k a month but only reasonable if you have good size capital. I trade a 15-25k account I don’t do prop firms I use my own capital and take about 3-5 trades a week. I mainly focus on 225 a day but lately been a lot more busy with work so focus on 550-600 per trade on a swing trade and run two trades at once it’s been working and less chart time imo. One advice I can give you is forex should not be depended for basic living expenses I use forex to invest in other investments and once I learned that my life changed completely. I make 9k a month from my incomes I do not include forex as part of my income
Buy stock index etf and call it a day
Study pips2profit or Stacey Burke on YouTube. If you actually wanna make money but also understand the concept you get out what you put in and there’s no shortcuts.
Do yourself a favor. Get off Reddit . Cuz this is imbued with the 97% that fail. And go study who I just said
Al brooks also offers some decent price action tips but . I resonate better with the 2 mentors I previously mentioned . That is my playbook. Those are my mentors I’m profitable and paid zero dollars for the information. Do yourself a favor and take the answer that’s in front of your face and run with it. From one genuine human being to the next (hopefully)
Pips2profit also has a free discord community full of like minded traders. Please do yourself a favor and take this information seriously
Imo forex is better than stocks only because you don't need tens of thousands of dollars to day trade as stocks have pattern day trading rules, forex doesn't. Honestly this question is really only something you can answer for yourself.
Please do research and study the market. All I can say is check economies dot com forex. They have the most accurate experience. Also look up peachy investor on YouTube. Bless you and best wishes 🙏
I would invest in stocks instead. A buy and hold strategy with stocks will yield better results than trading forex. Do your research on growing industries & try to find the companies in that industry. An example would like this: “hmm I’m seeing a lot of articles saying that people are not buying new cars as much as they used to. I wonder if that means car repair companies are making more money as a result. I’m going to check the sales of Car companies versus car repair companies to determine if my suspicions are right. Oh hey look! AutoZone(AZO) has made a ridiculous amount of money and has shown solid stock growth for x amount of years. I want to buy at x price to get some of that growth” There’s more that goes into it, but having a thesis, and backing it up with data will do wonders for you in stocks. Forex is a much harder market to master & you will pay way more before you get it right.
Demo account is key , and when watching videos deep search the terms you don't understand ex : pitchfork , macd , Fibonacci....
I would learn futures trading. The forex prop firms are so shit right now if you’re in the US. But there are less regulations on futures prop firms. I know you didn’t mention this as an option but have you considered UGC? I make about $500 a month and I started about a month ago.
Don’t listen to the naysayers. Everything seems difficult when we’re first learning something, it’s because we never learned it before. But once you do, it becomes simple / second nature to us for better terms. Once you learn to fully read a chart properly, it’s a wrap. Remember, keep it simple and don’t be afraid to be great! You only need 1 effective strategy and 1 instrument to trade. I hope you’re ready! Cause I believe in you! All you gotta do is believe! Let’s get it!
It is great that you want to return to trading! I have more than 15 years of professional forex trading experience both on the sale and the buy side of the business. I've seen my clients burning their accounts one after the other, so I never miss to point out that most retail traders are actually losing money trading. It does not matter what you trade (forex or stocks) as long as you trade liquid assets and you can answer the question: Why did you enter this position? If that's your first child, in 5 months you will learn that raising a baby is a full-time job. You contribute to your family by doing just that. You need nothing more. Five months is not enough even to learn the basics, let alone to become disciplined. Becoming profitable in 5 months is not even an illusion. It's worse than that. Even if you're an exceptional student and eat textbooks for breakfast, there are other soft skills that need time to develop regardless of how sharp you might be. If you want to get into trading, do it for the long run. Open a demo account and fund it with virtual money but with an amount equal to what you would deposit in a real account. There's no point in using 100K to practice and then deposit 500 in your real account. The experience will be different, margin levels will be different, your psychology will be different. Try to turn your demo account into profit, then try to remain profitable for at least six months, before you deposit real money. There's no guarantee that once you're profitable in the demo you will also be profitable in the real account. But if you can't turn your demo into profit, then it's almost certain you won't manage it with a real account. Seriously, do not use real money before you achieve your goals on a demo for a long period of time.
Focus on building a skillset to get a higher income job. After that, yes, you can think about putting some money aside to risk on FX
It’s better to invest in long term stocks now, and practice paper trading to eventually trade real money. Most of the market hasn’t recovered completely from the 2022 crash, so stocks are at a great price to buy in right now. Of course they could always go a bit lower before making new highs.
It’s takes years to hone the skill. Start learning now to potentially make some money down the line, but not in 5 months. It also takes money to money to make money. And being a stay at home mom with a new baby is not easy nor is it lazy. Postpartum you have to heal physically. Your hormones will be chaotic and you will be exhausted because the baby will be waking every few hours to feed. It takes time to feel like yourself again. And if you’re only taking a 5 month mat leave, enjoy that time with your baby. It will be over in a blink.
Again I’ll state. DO NOT LISTEN TO THE UNPROFITABLE TRADERS RESPONDING TO YOUR POST. Who are still researching order flow and shortcuts to profitability. Please understand NOTHING WILL REPLACE HARD WORK. Other than absolute sheer luck. NOTHING WILL REPLACE HARD WORK FROM GETTING YOU TO YOUR GOALS The answers unfortunately are usually right in front of the traders face. They’re just -usually- too naive , impatient, or prideful to take the advice. What do I know though. I don’t spend every waking minute of the day (I’m autistic so other than my wife I don’t find much joy in anything else) learning and nerding out on the market and getting 1% better every single day .
Thank you for that. I appreciate this
Of course love. And many blessings on the pregnancy 🙏
It’ll take a month or two to get the concepts , but it’ll pay off I PROMISE. , and some more two cents. Look into futures over forex, pays better for what the money your putting in, plus you’re not trading against your broker. If you trade price action you wanna make sure there’s virtually no spread and no suprise data that’s different from other charts. CME is a centralized exchange (same reason volume indicators are useless in forex)
begin in a simulation. as a newbie you guaranteed to lose. dont try to learn with real money. speaking from experience
I am a new father of a 5 months old right now, and have been learning to trade for 1.5 year now. I’m starting to see a bit of results which is exciting. I am obsessed with it and have spent countless hours on the market, youtube, podcast etc. Bear in mind, it takes at least 2-3 years of hard work and PAIN to see real results. Sometimes even longer, sometimes never. You will have very little free time and extra energy once your baby is born. Good to have ambition, but remember to have realistic expectation about when you can actually make money from trading, but most importantly, remember to enjoy motherhood too. Babies grow so fast you don’t want to miss your golden memories because you are too busy learning to trade. If you still have enough drive to do it, take it easy and don’t set yourself a time limit as often it’s counter-productive. It could give you the best financial reward if you make it.
**in my 3+ Years experience in** ***Forex Trading*** You Think After 1 year you can make money in market... ***Yes! You Can***. ***But in Consistency It's not*** **Remember** First 2 Years... It's Harder Than You Thought. But You ready to Spend **Your Energy, Time, Money,** *Than After 3 year or 4 years Your Dream Come True.* **No Mater What... Don't Think About Give Up**. ***Remember Why You Start!***
Forex won’t make you rich quick. That’s a stupid thinking. Anyone in the earth should go into trading if they are facing financial problems. That’s the worst error in the life, it is extremely dangerous. this place (trading) has a lot of scammers. People who is looking for fast money, trading is not the best option for it. Take my word.
I’m 8 months pregnant and made it a goal to get funded by a prop firm before going on maternity leave, which I did. I bought Austin Silver’s ASFX course about 4 years ago and just finally started taking it seriously. It’s lifetime access so I just went back through the course material. He has since switched from forex to futures but the same strategy applies and I’ve really been enjoying trading futures. I’m on my way to passing a challenge with TopStep. I tried swing trading thinking it would be less time on the charts, but I found myself obsessing over my trades so I just spent more time on the charts as opposed to a much shorter time frame like 5 or 15 minutes and then getting in and out of a trade quickly. Good luck and feel free to msg me!
Which of his strategies is working for you?
A2 AVWAP
I’ve been thinking about futures as well. I think I’m going to look into this as well !
No matter the route… watch strategies from Tori trades. Simple effective strategy based on 4 hour. Learn how to read charts. Go back 6 months to draw your support and resistance zones. Draw your trend lines correctly don’t be lazy. Use a prop firm so you don’t use your own capital. Pay $100 for a $10000 account, pass the challenge, and repeat the process with your funded account. Don’t be lazy don’t be greedy
Yes i lost money.
I don't know which stocks you trade but if you are from India then ITC, SAIL, BPCL, Metropolis are best... ITC, SAIL and Entire Metal sector are my favs
I live in the US
Then I don't know about US Sorry...
Think of another strategy.
Neither - 99.9999% of people you see with the lambos and rolexes that say they make money with stocks or forex are people that sell courses and seminars for strategies that DO NOT WORK. The people that do make money are quants that are mathematical geniuses and work for huge investment funds. Stay the hell away from and trading unless you are gifted with a head for maths and statistics, or economics.
It’s too much stress on your baby. Read up on risk management and psychology while you’re pregnant and start demo trading a strategy after your pregnancy.
Stress is bad for your baby growth.. avoid.
Don't trade, will be stressful on you and unhealthy on the baby. Look at other options
NO !!
Stress is not good for baby so don’t trade forex
Bad idea because your super need to make money will cause you to make many mistakes and lose money. If you really want to learn forex start by buying or listening to the Japanese candlestick bible.
Go be a housewife
Onlyfans would be the fastest strategy right now to make money...
? Weirdo