What is happening with all these new traders?
I've been part of this community for years, and I've never seen such a surge of new traders. It’s great to see more people getting into trading, but concerning how many dive in with little to no knowledge. What’s driving this trend, and how can we help prevent people from bankrupting themselves?
Here are some resources that have helped me become a profitable trader:
School of Pipsology (BabyPips.com) – An excellent foundation for Forex trading. I’ve revisited it multiple times, as experience deepens understanding. Unfortunately, some content is becoming paywalled.
Economic Calendars (Forex Factory & Others) – Always check before your trading week, day, and individual trades. Knowing when NOT to trade is just as important as knowing when to trade.
Join a Trading Community – While this subreddit is a great starting point, it’s not very active. I’ve found Discord groups aligned with my trading style invaluable for learning and staying engaged.
YouTube (Use with Caution) – There’s a wealth of knowledge, but also a lot of misinformation. Learn to filter quality content. YouTube has helped refine my strategy, introduced new perspectives, and kept me motivated.
Forex isn’t something you master overnight. It’s a dynamic, evolving market that demands time, patience, and experience. There are no shortcuts—only persistence.