Hi,
My name is Lasse, I'm 26 years old and currently a student of history (M.A.) in Germany.
I discovered the forex market about 5 or 6 months ago and startet to trade PA mainly on 8h and daily charts on a demo account in december.
My risk reward ratio could be better, I aimed for min 1:2 hoping to average around 40% win rate and make profit that way.
But it showed, that I only achieved 30% (excluding some Break Evens), while having a actual RR of aprox. 1:2,4. So I still profited slightly, but not enough^^
I don't find it hard to stick to my moneymanagement, for me it's more a problem to "trust" my winners to break minor resistances on their way, because I find it hard to rate which Resistance is a strong one and which isn't.
The other issue is that I really would like to learn more about distinguishing between good and bad trades to improve my win rate a little bit, I find 30% a little bit unsatisfying...
Now in February I go live with a micro MT5 account at Alpari (200 €) to make training feel more real.
So I decided to join this community to maybe achieve my mentioned goals faster by having a little guidance from more
experienced people.
So, in short: Hi folks!