Learning Trading (Personal Experience)

After dawn decided to venture into trading, I began to read basic concepts, because my knowledge was not so technical and I had only read a couple of articles on the subject.

Defining Trading

It is based on the study of markets through different types of analysis (technical and fundamental) to make investments in different financial instruments with the objective of obtaining a profit.

Something very important is that trading should not be considered as a game of chance, but rather an investment tool, where mathematics and statistics are a fundamental part of this business.

Having learned the basics, about trends and strategies of operations, excited to start the practice I download and open the Metatrader5 application.

This application allows us to start with a demo account and fictitious money but with real data, think it is very useful to start.

Note: I do not recommend using real money if you are learning, unless you want to lose it.

Observing the graphics perform my first operations.

Join USDJPY and make a sale.

Where it finally didn't go well.

Let's evaluate why?

First let's look at the graph

• The red horizontal line represents where the operation was opened and to where it remained open.

• The green horizontal line was my reference point where they mark the highest peaks where the price had come and then there was a low consideration.

How novice got carried away and my first thought was the price will fall and hurried to make a sale without limits of loss or profit.

Without thinking so much entered another pair to open another operation. The graphic was similar and I made a sale, a little calmer and with the defined limits.

Due to the red numbers that I saw in the account, decided to study the graph further and decrease the lot in the operations.

My next operations were improving even though still defined the limits of profit and loss.

Finally, after my fifth operation, my results improved, starting to see profits for each operation.

The good results were a consequence of a better reading of the trend and understanding of the graph.

One of the techniques I used was to represent the letter M or W according to the prices in the graph. As the following example:

There, according to the theory, it indicates that when representing a W, an uptrend usually approaches.

However, I could consider that it was a beginner's luck. I hope to improve the results of my operations and learn more about trading techniques.