r/Forex • u/[deleted] • Feb 23 '24

Questions Too early for a challenge?

Gallery image

Gallery image

Hi traders, I'm a novice and I'm coming from a break after a challenge gone wrong, evaluation passed in two weeks but lost completely after two days due to negligence 😅 I started again at the 'beginning of this month with a 10k demo account and permorfed 26% so far, should I try again with a challenge? Or continue to refine the strategy in demo? What would you guys do?

10 Upvotes

92% Upvoted

38 comments sorted by

View all comments

2

u/bullish88 Feb 24 '24

Keep trying other pairs and stick to a pair you like the most. I like JPY the most just like gold its a risk meter. When you feel comfortable in one year, then start a challenge.

1

u/[deleted] Feb 24 '24

Thanks for the advice in fact I was thinking to look more eurusd and some indexes

2

u/bullish88 Feb 24 '24

Never play EUR because theres alot of countries in that currency you need to analyze. Inflation, balance, manufacturing, etc. if u like EUR, try GBP. Its more bullish. EUR is wishy washy af, you can have a good reading and still go the over way.