/biz/ - Business & Finance

>>50076981
>What were the biggest challenges you found

thinking I knew what I was doing. joining trading groups who are always trying to sell you the latest indicators or strategies or signals.

tried learning it from 2016 maybe until maybe 2020 or so. I occasionally check the charts but often they are all identical to S&P/Nasdaq/bitcoin chart.

When I was really into it I often would watch the charts all day and night. literally only sleeping for 15 to 30 minutes at a time and constantly checking.

Also the way leverage works is pretty strange and desu I still do not fully understand how it works. I am just able to ballpark how much a specific trade will cost me if it reaches my stop loss. Which stop losses do not even work a lot of the time in forex because of thr massive volatility that happens which can cause price to rocket through your stop loss and not fill the order until its way on the other side costing you multiple times more.

Also a big problem I had was getting very successful trade but not closing out the position once it went into profit and then it turning around on me and walking away at break even or even in the red.