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Brendan

Hi Everyone!

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Hi all. I had joined here in March of 2017, but don't think I ever did a proper introduction.

I live in KZN on the North Coast for now. I started realizing the need to get into investing, diversifying and saving some capital instead of living pay check to pay check which dwindles before your eyes in our current economy. I started with Easy Equities in 2017, investing in some companies with a percentage of my salary I could afford to loose. Then trading and charts got the better of me and I started learning the ropes via online resources and trial and error, I feel fairly confident with technical analysis on charts now but do know that every day I learn something new and the markets are unpredictable to an extent, If you have some strick money managment rules in place (using consistent win/loss ratios with your stop losses and take profits) and have an edge in reading charts you can become profitable with patience.

This lead me to forex and cryptocurrencies due to there massive percent movement in a short space of time. Have been doing a lot of day trading, swing trading and have had my fair share of gains and losses (rollercoaster indeed), have gained and still gaining invaluable experience.

I am truly enjoying this field and wish for it to become my main source of income very soon. I am a "Gamer ish" and spend a lot of time at the computer so this fits my lifestyle perfectly. If I can share my experience and thoughts here with others who are looking at doing similar, that would make me happy.

Cheers and good luck out there for now. Don't fomo, patience.

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On 1/14/2019 at 10:26 AM, Brendan said:

Hi all. I had joined here in March of 2017, but don't think I ever did a proper introduction.

I live in KZN on the North Coast for now. I started realizing the need to get into investing, diversifying and saving some capital instead of living pay check to pay check which dwindles before your eyes in our current economy. I started with Easy Equities in 2017, investing in some companies with a percentage of my salary I could afford to loose. Then trading and charts got the better of me and I started learning the ropes via online resources and trial and error, I feel fairly confident with technical analysis on charts now but do know that every day I learn something new and the markets are unpredictable to an extent, If you have some strick money managment rules in place (using consistent win/loss ratios with your stop losses and take profits) and have an edge in reading charts you can become profitable with patience.

This lead me to forex and cryptocurrencies due to there massive percent movement in a short space of time. Have been doing a lot of day trading, swing trading and have had my fair share of gains and losses (rollercoaster indeed), have gained and still gaining invaluable experience.

I am truly enjoying this field and wish for it to become my main source of income very soon. I am a "Gamer ish" and spend a lot of time at the computer so this fits my lifestyle perfectly. If I can share my experience and thoughts here with others who are looking at doing similar, that would make me happy.

Cheers and good luck out there for now. Don't fomo, patience.

 

Hi Brendan, welcome and this is amazing! Exactly what you are talking about is what I would love to do, but no idea where to start on the forex side to be able to do day trading and swing trading would love to do this as my main source of income as well one day, so if you have any tips how you start or doing it, it would be appreciated :)

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14 hours ago, Shirou said:

 

Hi Brendan, welcome and this is amazing! Exactly what you are talking about is what I would love to do, but no idea where to start on the forex side to be able to do day trading and swing trading would love to do this as my main source of income as well one day, so if you have any tips how you start or doing it, it would be appreciated :)

 

Hi Shirou, thanks. I'm hoping to do a longer thread soon on how I started with forex and some resources I use. I am by no means an expert or guru so keep that in mind. :D

Not sure how much you have learnt so far but for now I suggest going through this website " https://www.babypips.com/learn/forex ". This should give you a good foundation to start with on forex and they make it pretty fun, certain areas might apply to crypto and traditional markets as well, but this is mostly dealing with forex.

Each and every trader has there own "fine tuned" method of finding entries and exits with a combination of there preferred "indicators", experience and risk management, so it can take some time to get confident enough.

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