Thread: Tips that would give my youngest self

- Start learning mathematics the same day you decide to be trader.- Start learning programming the same day you decide to be trader.- Start learning data science the same day you decide to be trader.- Be humble.You will never know enough.- Always be honest with your thoughts.- Never work overloads.Always organize time for your normal life.- Be more realistic than optimistic.- Do not operate in real accounts until you know what you are doing.- Communicate with everyone.- Do not talk to strangers about what you do in Forex.- Find great teammates to work with.Alone, you are nothing.- If you lose, let it go.- Think ten times, act once.- Work focused, but do not hesitate to create ideas.You need 1 idea that works every 1000. - Be a patient, more patient, even more patient.- Do not dream too much with the future, focus on the present.- Do not listen when others tell you that you can't do it.You can, but it is the most difficult challenge that you will ever take.- Do not trust random people who say they win huge sums in Forex.Learn to evaluate your knowledge.- If you don't know if your knowledge is worth following, read more or discuss it with your teammates.- Do not be afraid to make emotions based.You will need them at some point.- Always try to return the favor to the people who helped you in the path of learning.- Get up early.- Always back your work copies.Weekly or daily.- Work systematically, not in chaos.Share your suggestions to your youngest self.I will never beg for others to win money.

Sorry, but this seems like a list of desires of someone who has not yet touched the real market.Math?Programming?Yes, it sounds great in theory, but when you are in the midst of a loser operation and the market is about to sweep you, no algorithm will save you.What would tell my younger self is: "Learn to manage your money, that's it! Everything else is irrelevant if you don't know how to protect your capital."Stop thinking about being the next Einstein of trading and focus on surviving every day.

I totally agree with you.Most rookie traders are lost in the fantasy that success is in some algorithm or in deep technical knowledge.But the truth is that trading is an emotional game.No matter how many indicators you use or how many algorithms develop, if you have no control over your emotions, you are finished.My advice would be: "Do less trades, no more."Patience is key.The problem of many young traders is that they think that more operations are equivalent to more profits, when in reality it only increases your exposure to unnecessary losses.

You are right, but you cannot underestimate the importance of programming in the modern trading world.Of course, you can survive with solid risk management, but if you really want to optimize your strategies and make adequate backtening, you will need programming skills.I would tell my younger self to learn to use platforms like Python or R from the beginning.There is nothing more frustrating than having a brilliant idea and not being able to implement it because you do not know how to program.

Programming?!Oh really?Not everyone wants to become software engineers, friend.Many of us come to trading because we wanted something different, not to spend hours writing code.What you really need is common sense and discipline.Not a lot of lines of code.I would tell my younger self: "Do not be fooled by all these experts who sell you the idea that you need a doctorate in mathematics to earn money in Forex."The key is in risk management and psychology.

I love how some of you try to simplify trading as if it were just a matter of psychology or risk management.Yes, both are important, but underestimating the power of quantitative analysis and automation is nonsense.In current markets, where 90% of transactions are made by algorithms, being able to program and understand advanced mathematics is a huge competitive advantage.I would say to my younger self: "Do not listen to those who tell you that you do not need to program. In five years, all those manual traders will be out of the game."

I don't know why everyone is so obsessed with being the next "super programmer" of trading.Do you really believe they are competing with HFT (High-Frequency Trading

The problem is that many here think in black and white."Or you are a programmer genius or you are an emotional trader."I believe in a hybrid approach.Learn a little of everything.Of course, not everyone needs to become Wall Street programmers, but knowing the basics gives you an advantage.At the same time, risk management and psychology are fundamental.I would say to my younger self: "Find a balance. Neither are you a robot, nor guide yourself only for instinct."

All this program is fine, but what about the foundations?There are many traders that are obsessed so much with the graphics and algorithms that forget that the decisions of the central banks and political events are what really moves the market.If you do not understand what is happening in the world, it is of little technical analysis.I would tell my youngest self: "Stop obsessing with the graphics and pays more attention to global news and events."

That is, the market does not move just because a mobile average says it.It moves because oil rose, because there was a war or because a central bank changed interest rates.And sometimes, it is not even logical, it simply moves because the great players are convenient.I would say to my younger self: "Do not become obsessed with being the best technical analyst. Learn to understand how the world affects Forex and how the great players manipulate the market."