New to trading and looking for a mentor.

buck728

Hello all,

I am new to trading and have started a live account after researching the subject for a few months.
I have been successful. started with $750 + $750 bonus. ( rookie mistake)
Having traded for a few weeks after my 6:00am-3:30pm job. I have made over $1000 profit.

That was the good, now the not so good.
I have mainly traded without caution to the wind at 1m options. I have now put my emotions in their place.
Candlesticks are helping me paired with bollinger bands and a MACD on my fxstreet chart.
When trading at 5m, a candlestick closes outside of the bands. I check the trend and place my put or call accordingly.
This sounds ok to me but I feel that I am missing out on more meat of the subject. this is leading to lack of trading confidence.
I do not know my win/loss ratio. I will be documenting this from now on.

My goal is to learn as much as possible. I will be starting a family soon and will be the stay at home dad.
I want this to replace my income. I can put a lot of time in as long as it doesn't keep me out of my current job.
Also, I'd like to make the transition within two years time. Is this reasonable?

I don't need to be a millionaire but rather make a livable income. Hopefully, the responses left here will help me and others reading this post.
Thanks for reading!

-Matt

crewsdavid

buck728 said:

Hello all,

I am new to trading and have started a live account after researching the subject for a few months.
I have been successful. started with $750 + $750 bonus. ( rookie mistake)
Having traded for a few weeks after my 6:00am-3:30pm job. I have made over $1000 profit.

That was the good, now the not so good.
I have mainly traded without caution to the wind at 1m options. I have now put my emotions in their place.
Candlesticks are helping me paired with bollinger bands and a MACD on my fxstreet chart.
When trading at 5m, a candlestick closes outside of the bands. I check the trend and place my put or call accordingly.
This sounds ok to me but I feel that I am missing out on more meat of the subject. this is leading to lack of trading confidence.
I do not know my win/loss ratio. I will be documenting this from now on.

My goal is to learn as much as possible. I will be starting a family soon and will be the stay at home dad.
I want this to replace my income. I can put a lot of time in as long as it doesn't keep me out of my current job.
Also, I'd like to make the transition within two years time. Is this reasonable?

I don't need to be a millionaire but rather make a livable income. Hopefully, the responses left here will help me and others reading this post.
Thanks for reading!

-Matt

all this can be mad possible depending on the system you chose to trade with

Blue Sky Binary

buck728 said:

Hello all,

I am new to trading and have started a live account after researching the subject for a few months.
I have been successful. started with $750 + $750 bonus. ( rookie mistake)
Having traded for a few weeks after my 6:00am-3:30pm job. I have made over $1000 profit.

That was the good, now the not so good.
I have mainly traded without caution to the wind at 1m options. I have now put my emotions in their place.
Candlesticks are helping me paired with bollinger bands and a MACD on my fxstreet chart.
When trading at 5m, a candlestick closes outside of the bands. I check the trend and place my put or call accordingly.
This sounds ok to me but I feel that I am missing out on more meat of the subject. this is leading to lack of trading confidence.
I do not know my win/loss ratio. I will be documenting this from now on.

My goal is to learn as much as possible. I will be starting a family soon and will be the stay at home dad.
I want this to replace my income. I can put a lot of time in as long as it doesn't keep me out of my current job.
Also, I'd like to make the transition within two years time. Is this reasonable?

I don't need to be a millionaire but rather make a livable income. Hopefully, the responses left here will help me and others reading this post.
Thanks for reading!

-Matt

Hi Matt,

Blue Sky Binary is a prominent structured education provider with a range of courses and tailored trading tools designed to give you state-of-the-art techniques in generating profit in Binary Options and now FX as well. You can find out more at www.blueskybinary.com and our Academy.

We offer a 7-day-free trial where you can test us out to see if we are right for you.

Team BSB

Olebobo

I think a long time will go before you can withdraw some funds from your account, because of your "rokie mistake".
Unless you can ask the broker to take back the bonus of 750,-

The_Geek_MH

they won't take it back, if they do they will take any profits away too, and stick you with any losses,

Olebobo

The_Geek_MH said:

they won't take it back, if they do they will take any profits away too, and stick you with any losses,

I dont know fxstreet, but some brokers doo...they might even split the profit in some cases

The_Geek_MH

Olebobo said:

The_Geek_MH said:

they won't take it back, if they do they will take any profits away too, and stick you with any losses,

I dont know fxstreet, but some brokers doo...they might even split the profit in some cases

NO, they won't. The bonus is a total scam to prevent you from making money or doing any withdrawals. If you take a bonus and then dispute it all profits will be taken from you and you will be stuck with any losses you incurred which means your deposit will be smaller for sure or totally erased at worst.

Olebobo

You are probably right....in most cases...
In most terms & conditions it says, that no analyst or account manager or affiliate can draw back any gift or bonus given to a traders account..
But it dosent say that the withdrawal department can not...but they always send you back to your account manager to handle the case...And after a while ping ponging between departments, you are so angry and dissapointed, that you dont think logical anymore, so you blow your account, because "they surtenly shall NOT have my money"...and the company knows that....
That kind of psycology dosent work with you and me now, but it did work with me a couple of years ago, like it does with many newcommers today. How many newcommers do you think will read the total Terms & Conditions, and understand them...BEFORE you invest ?

Okane

Yeah most people never read the T & C. But regardless, it's really bad that brokers even make up such horrible terms in the first place.
I would never deposit with a broker with unfavorable terms and conditions even if I am not accepting bonus. Because a bad term says a lot about
how they will behave towards clients in general.

Ferin

You won't be able to find a mentor who will help you for nothing. No one will deal with you for free because learning takes quite a lot of time.

Olebobo

Ferin said:

You won't be able to find a mentor who will help you for nothing. No one will deal with you for free because learning takes quite a lot of time.

Maybe, and perhaps it could happen ? I think a "mentor" that has never tried to be a mentor before, will learn a lot too ? Just think about all the stuff he have to go through again
But it is not easy to find a "Mr Miagi" in the jungle...

Gook32

You can not trust any one on the Currency Markets, You can choose a person to help you out from your problems but never share your confidential data with him as it can be a scam. So, never play a blind move at any cost. Stay Safe! and Best of luck!

Jigler

Sometimes you need to consult the experienced traders when you feel confused. A mentor can help you in a much better way in these kind of situations. I hope you will find a best one here and you can also contact me any time when you feel something unsatisfactory.

Gook32

A mentor is really important in trading currencies as you have to take some help from experienced campaigners. This is the beauty of this forum that you can find a good mentor here. I assure you that I will help you and you can ask any question to me at any time. Thanks!

edylala

Gooday, please i am new her and i want to know how to register on the binary option and how do i get signals? Thanks

The_Geek_MH

Well, we don't give signals here per se but you can probably find someone to help you. What kind of trading are your doing, what's your strategy, I can provide some pointers if you'd like.

Qwerastis

Many people ask me that whether you need a mentor or helper while trading. I always answer yes, as you need to sort out the issues related to the trading by consulting an experienced person. There is no other way folks! as far as I think, what do you think?

Joshua

There are various platform that allows the people to interect with the experienced person, and a lot of forum discussion where newbies can interact with the expert and experieced traders, there may be some Youtube channels that can teach you this all you have to do is a little research, try to read the stuff and learn in yourself.

braydendrury

All things considered, in the event that even the versatile terminal works properly, I may likewise open a record here, I won't store any extensive aggregates immediately obviously, perhaps $100 first off, and afterward we'll see.

Gook32

Buck728, starting a family is a huge step in life.Congratulate. It is very nice that you are planning to support your family only though trading,but be careful not to jump into conclusion based on several profitable deals.In order to trading to become your only job takes many years of experience

Logan

You are much better than many other people who try to do things on your own. You have done the first right step to consult experienced traders for getting the inner truth about the market. It is right thing to ask for any confusion from experienced person as comapred to getting a conclusion on your own.

Samuhn74

Mentor can't help you if you can't learn and analyse alone. I'm sure you can, just move to demo and read some blogs/books and watch some webinars. Mentor is rather about mental help, than for real knowledge gaining. Also, mentor teaches you his own strategy and trading insights, but what if they don't suit you? It is better to learn yourself and be successful than try to find someone who will help you.

Hulapointik

Good luck with that. In fact, there are a lot of people who want to make the market their source of income. This is quite promising, especially since you have a family and as I understand it, you want to pay more attention to it. But be prepared for the fact that this business will require a lot of effort and time from you. I will not lie to you and say that you will quickly achieve great results. Much depends on knowledge and on the starting capital. Statistics - this is a good solution, this approach often helps to immediately find your problems and work through them. It means that it is faster to come to stability and success.