Hi everyone. new to the forum. Looking to to extend my knowledge in the vast world of trading but figured I should introduce myself with a little of my backstory:
(Brace yourself)
I'm al im in my 30s, im a happy and content person, pretty intelligent (and quite the opposite at times), i build film and TV sets for a living and specialise as a scenic artist.
iv been trading in my spare time for several years,and its been a roller coaster. What tickled my interest into trading initially is quite a long story and partially the reasons why im consciously joining these forums now, to gain further insight and maybe help anyone facing difficulties i was able to overcome over time , ill explain a little:
basically I noticed exchange rates properly when I was around 18 or 19, few lads holidays noticing the difference on the amount of euros received each time... then over a couple years I saw the financial potential of currency trading .....but alas margin looked too complicated and I didn't have the patience or capital to learn. In 2010 I was made redundant, in the months leading up to my redundancy. There was a guy who worked with me, very switched on entrepreneurial type, allways clued up about the latest technology, had one of the most powerfull gaming pc's id ever seen, but he said to me one day, "have you heard about bitcoin?" I said no and he explains the white paper very crudely outlining its a form of digital money but its making people rich.... I called "bulls**t" and said get me some then. He subsequently went and mined 3 blocks and sent the 150btc rewards he received to a core wallet he'd set up on my computer. Tried telling me how to go about mining but it went over my head and I wasn't Interested in something that was going to generate pennies.(the regret stays with you I assure you)
Redundant but 16k in cash up I went on a bender and forgot all about bitcoin. Had 6 months off work, got myself temporary work as an engineer that paid well and everything slipped my mind. Heard about bitcoins rise in value in 2013 and realised I had about £100k, and by the time id gotten the old computer up and running again a few months later to realise I had no keyfile to synch wallet with the blockchain so figured that was that and the world came crashing down.I remember checking bitcoin once or twice again after this and it was a little over £250 a coin and in my naiive mind believing the few articles I'd read about bitcoin going to zero as it looked possible . When I was made aware of the new high in 2017 I was borderline suicidal knowing I had had millions once and through ignorance I kept missing further opportunity. Beneficially this made me think life wasn't going to distract me. this is where I made the connection between markets in general. And realised how markets are traded through market making etc. and so began my trading journey and entry into forex . Blew accounts learning and admitedly I was focused on monetary gain as trading was allways portrayed as a way to generate 1 or 2k a week passively. And I was going off advert endorsed educational content that i wasn't understanding clearly and wasn't starting with the basics so drowning in the deepend after diving straight in. Thanks be to the heavens I knew someone who was involved in trading but experienced alot more success and explained how to use leverage properly, and explained the importance of sticking with a strategy and not to force a trade. Basically helped me cross that fine line between gambling and trading. All the stuff they dont advertise, including a little insight as to the operation of brokers. I put 1 and 2 together and this all pretty much changed my life . And ever since these last 4 years or so iv backtested and practiced several strategies to have found one or two that work for me with a certain degree of accuracy. There no universal strategy to guarantee success iv learnt but there are factors of several that in my approach to the charts helps keep my risk lower iv found and making that higherlikelyhood trade, good for scalping too. Combining pvsra with the market maker method and an ema strategy, I limit my exposure and only look to trade when price is showing me certain things. Bare in mind any news or current sentimental and fundamental analysis may have or allready had on price, but my goal is to build an overall playing field I could look to build positions at key levels. I repeat its not a mythical or magical system but for me by following certain rules as to when to make an entry, take profit or more importantly when to admit your WRONG,I have found it a beneficial approach. Trading isn't only about profits and keeping them consistent to maximise growth.... what kept me in the game longer is the ability to minimise your overall risk.
forex is the more liquid and stable market yes and I so wish I'd just stuck with that at times but as you may be able to understand with my personal relationship.... trading for me started off with a personal vendetta to make bitcoin my b*tch after all those years. Self fullfiling prophecies get easier to trade over time after all.
Forex wise im not so emotionaly vested thank god and its strictly a cfd, a short term trade(not an investment) mainly focused around the majors, I have my favourite pairs particularly usdjpy, I just like the way she moves. But pretty much mostly gbp usd eur jpy aud pairs and crosses.
My appologies for the long introduction but necessary to show why i take this very seriously.
I'm forever curious to hear how other people trade and what they find to be a profitable method or strategy?
Hope you all have a wonderful weekend .
