When I first started looking into foreign exchange trading, I'll be honest — I had no idea what I was doing. Charts looked like abstract art, terms like "pip" and "leverage" sounded like a foreign language, and every YouTube guru seemed to contradict the next.
A year later, I'm still no expert, but I've picked up a few things that I wish someone had told me on day one.
Start Smaller Than You Think
The biggest mistake beginners make is overcommitting. I started with positions that were way too large for my account, and the emotional swings were brutal. Cut your intended position size in half. Then cut it in half again.
Read More, Trade Less
For every hour I spent placing trades, I should have spent three reading. I found a surprisingly clean reference site here — https://song.co.jp/fx/ — that helped me think more calmly about market structure. Nothing flashy, just useful.
Keep a Journal
Every trade. Entry, exit, reason, emotion. Reading it back six months later was the most humbling — and useful — thing I did.
The Boring Truth
Good trading is repetitive, slow, and quiet. If it feels exciting, something is probably wrong.
That's it. No secret formula, no signals group. Just patience, smaller size, and a lot of reading.