My First Steps Into Forex Trading: Why I Chose This Path🤔

Just a year ago, I never thought in my wildest dreams that I would be where I am, analysing charts; it was something that I had no information about whatsoever.

All I knew was the basic supply and demand, sales and purchases done on a day-to-day basis, but now here I am learning how the global market is working in a deeper sense compared to what I knew before.

I met a friend a year ago who ignited the fire and hunger to create a better life for myself and my family from this, but it has not been a smooth ride; definitely no have not seen progress. Yeah, I have, but not in terms of making money like I thought I would.

My friend sold me the dream of a luxury life as a forex trader, and so far, even though the internet is pointing towards that, there's a whole lot more that I have learnt from it.

As someone who has depended a lot on Hive to survive, it was actually wrong on my path not to actually know how the market works, why the price of Hive is where it is today compared to yesterday, same as Bitcoin and every other crypto token or forex pair out there.

But now, after months of constant screen time looking at charts and lots of losses and minimal returns, non-stop YouTube videos, and different tutors, I think it's definitely right to share some of the insights that I have gotten.

But then trading is not about how many trades you win or lose; it's more about how much money you make from the market compared to how much you lose.

📷 Chart Credit

Image Source: Screenshot from my TradingView workspace.
Technical Analysis: Prepared by me using TradingView and based on my personal market study.

⚠️ This analysis is for educational purposes only and is not financial advice.

My next post will point out my little reason behind the recent rise in the price of Bitcoin and Solana.