FNG Friday Forex question

What type of trader are you and how did you choose your style? Swing, day, position, scalper, sniper,

I am a day trader. I like to be in front of the charts while I'm in trades and entering/exiting them. I started out swing trading but it didn't match my personality, I wanted to be more "active" in trading rather than passive. Also couldn’t stand to hold positions for days/weeks at a time. You will most likely choose your style by trying different things and you will notice yourself gravitating towards one. So as a beginner--try things out, nows the perfect time.

(I have) no trading style at all yet other than minor candlestick pattern recognition, curious how others found their groove

This is important to develop before you go live. Otherwise you basically have no strategy. Really no point in using real money until you got this down. Its understandable you have no style yet, but the odds of succeeding without one are slim.

From what your saying though it seems like you are beginning to gravitate towards certain things like fibs/bollingers/candlestick patterns, etc. This is signs you are starting to develop your own style. You can only develop your style by trying things out and seeing if it clicks with you. You kind of have to find your way through trial/error and be open to learning.

Fib levels, line/trend indicators and Bollinger bands......it's just not clicking for me yet.

Fibs and Bollinger bands should be looked at as dynamic support and resistance indicators. Most of the time you will see price react in certain ways at the levels In these two indicators. Why does the market behave this way? Its mostly a self fulfilling prophecy. Not some mysterious/fairytale reason. If you have an understanding of what support and resistance means then this should make sense to you.

Truthfully I simply find this to be a LOT of fun. A word of caution: Forex Trading should not be treated as form of entertainment. Forex is one of the most betraying markets when it comes to people who treat trading this way. Understandable as a newcomer you might be bedazzled by the simplicity of it all. But know moving forward that it’s a slippery slope and something you should be mindful about.

All in all be patient. If you put in the work it will pay off. Reading the full baby pips course would be helpful to you if you haven’t already.

/r/Forex Thread