Hello Folks, This is my first post so please be easy with me. I shouldn't be here. I have no formal qualifications and come from a typical Glasgow working class background. However, for some crazy crazy reason I have always been drawn to the financial markets. In 2001 I opened my first trading account with £1000. This lasted for 18 months before wipeout. I learned many lessons ( I always keep a trading diary and note my errors).
2003 I was back in. I traded Indices,shares and commodities. Sometimes, I would have a look at currencies but never traded them live.My basic and I mean basic strategy is trend following, were price is the only information required.Last year (2008) I was doing very well until I started "thinking".
Because of my limited success, I "thought" I knew what was going on in the money markets. I bought RBS at 90p. What a bargin. OH NO. Sold them at 40p. Just about wiped me out again,but not quite.I have been paper trading Euro/Dollar for 2 months(893 pips profit) and Dollar/Yen 1 month (186 pips).I know paper trading is sometimes not worth the paper it's traded on and I am aware of emotions involved in trading but I think my system is on the ball.My only problem is this. Social alienation. Every time I try to talk trading to my family and friends they turn grey and a mist falls over there eyes . Why can't they get exited about M/A's , Indicators or such like. I feel like an outcast. I know I have a lot to learn about forex but my mind is completely open to information. Therefor I invite an experienced forex trader to act as a mentor. You never know, you might learn something from me.
2003 I was back in. I traded Indices,shares and commodities. Sometimes, I would have a look at currencies but never traded them live.My basic and I mean basic strategy is trend following, were price is the only information required.Last year (2008) I was doing very well until I started "thinking".
Because of my limited success, I "thought" I knew what was going on in the money markets. I bought RBS at 90p. What a bargin. OH NO. Sold them at 40p. Just about wiped me out again,but not quite.I have been paper trading Euro/Dollar for 2 months(893 pips profit) and Dollar/Yen 1 month (186 pips).I know paper trading is sometimes not worth the paper it's traded on and I am aware of emotions involved in trading but I think my system is on the ball.My only problem is this. Social alienation. Every time I try to talk trading to my family and friends they turn grey and a mist falls over there eyes . Why can't they get exited about M/A's , Indicators or such like. I feel like an outcast. I know I have a lot to learn about forex but my mind is completely open to information. Therefor I invite an experienced forex trader to act as a mentor. You never know, you might learn something from me.