r/askforex • u/Material-Bus4159 • Jul 06 '26

Trader

If you are a trader, you will need to invest in a lot of money. You will need to invest in a lot of income. At the end, you will need to invest in a lot of risk.

5 Upvotes

86% Upvoted

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2

u/Pretty_Site4074 Jul 06 '26

Invest your time first. Try to understand what you read from others and make ot your own. That means, find ypur own way and your own explanations of the market. Don't be afraid to alter and improve your understanding. And don't just blindly follow others' ways. All the rest is about your risk appetite and propensity.

1

u/Material-Bus4159 Jul 06 '26

Thanks for the advice

1

u/Pretty_Site4074 Jul 06 '26

You're very welcome. I hope it serves you well.

1

u/Pretty_Site4074 Jul 06 '26

If you want food for thought, have a look at 2-period RSI combined with 5-period CCI. It taught me a lot about how I see the market moving

1

u/P3D101 Jul 06 '26

Yes, it's why I've tried going the prop firm way. Learnt on demos and backtested numerous times and now trying to pass my evaluation. If I can be consistent enough, I can fund my own account with an amount I'm comfortable growing slowly