THERE is no lack of information online regarding forex (foreign exchange) trading advice. However, the recommendations provided by professional traders often clash or omit crucial details, leaving those seeking guidance in a state of confusion.
Here is a true story of a investor who achieved positive trading results without putting other pursuits on hold.
Tarshan is a 22-year-old student from Malaysia who’s currently studying medicine in Indonesia. He is determined to become a doctor after graduation but has yet to choose his specialisation.
Having started trading about two years ago, Tarshan still considers himself a newbie. He began his journey in the financial markets after watching influencers who professed to have made significant profits from trading.
He wanted to experience their lavish lifestyle and started learning to trade Forex, visiting seminars and practising on his demo account.
Power of observation
He never wanted to become a professional trader, engaging in trading as a leisure-time activity and a much-welcome source of supplementary income to cover daily expenses such as upgrading his gadgets, going to restaurants, and travelling.
After a while, Tarshan realised that trading is not a way to make quick returns but rather a long-term opportunity that expands proportionately to the trader’s experience and skills.
He also learned that mindlessly following other traders is not a viable option to achieve success.
Any insight has its scope and it’s very unlikely that professional traders will share every single detail of their recipe to success. In order to grow, a new trader needs to figure things out by themselves.
Tarshan has made some evident progress in trading but has yet to achieve the consistency he wants.
After reaching the desired profits and achieving his immediate financial goals, he wants to help others get into trading by sharing knowledge and providing market signals believing that the power of community in forex is one of the things that drive people to this market.
Useful trading tips
Tarshan’s recipe for success includes reading up on trading ideas and other traders’ analyses on his phone daily. He made this a habit as it helps him stay informed about the latest financial news which is a huge advantage in predicting market trends.
Downloading a bundle of applications for trading charts, market analysis and financial news while navigating around them during each trading session was a definite blocker for him.
As a student, Tarshan wanted to make the trading process as easy as possible. This was when he started exploring Octa and found that the app allowed him to do market analysis and trade on his phone without opening any external apps.
According to Tarshan, he prefers this trading app as it is one of the main sources of information from which he studies educational content and browses trading insights published within the app.
With the app, trading becomes much more comfortable when the deposit amount reaches at least US$100.
This way, traders can focus on the larger picture while tracking their progress and learning something new from each session instead of constantly worrying about every loss.
Tarshan also mentioned of fast and secure withdrawals with zero commissions which contribute to his overall positive financial outcomes.
At the end of the day, Tarshan’s progress is mostly determined by his self-discipline and systematic approach to trading. This allows him to focus entirely on his trading sessions and continuous learning, thus streamlining the process and relieving the cognitive load. – Nov 8, 2024
