Forex Trading for over 40's SoitaFx

23/02/2026

To avoid hitting the maximum daily drawdown on challenge accounts/evaluation stage, keep your stop loss below this limit. If your daily drawdown is 400USD and you intend to take 2-3 trades per day, keep your stop loss per trade slightly below 100USD. This way even if you get 4 losing trades a day, your losses will be below daily drawdown (consider also maximum drawdown amount of course).

Meanwhile keep your trade/position size value at between 1-3% of your total account.

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22/02/2026

What's your inspiration for learning how to trade forex? Let me bust a few myths.
1. Trading forex will not make you rich quick.
2. One profitable trade is not an indicator of future profitability.
3. Unless you learn a strategy and stick with it, randomness will wipe you out.
4. You will need lots of patience - to wait for high quality set ups and to review your losses and find out where you went wrong.
5. Trading forex is personal. Not everyone has what it takes to ride the highs and withstand the lows.
6. You must learn how the market operates. No randomness.
7. Learn the skill so that you can trade freely - currencies, crypto, metals, indices, stocks. Razor sharp analysis is key.

I wish you a fruitful engagement with the charts.

21/02/2026

Trading Forex will teach you 3 things:-
1. Discipline
2. Precision
3. Risk Control

20/02/2026

Here are the top 10 reality checks you will face when you start trading forex:-
1. Losing money;
2. Overtrading;
3. Emotional Trading;
4. Gambling;
5. Risking more to gain less;
6. High rate scalping;
7. High anxiety while waiting for TP;
8. Doubting your entry;
9. Paralysis at the point of taking an entry;
10. Spending hours on the screen watching the trade unfold.

I wish you a short learning curve so that you quickly progress to trading like a professional - with calmness, restraint and precision.

Have a nice weekend.

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12/02/2026

11/02/2026

Ready to learn forex trading? DM to book your slot!

10/02/2026

Ready to learn forex trading? DM to book your slot! In Kenya? Call/Text 0118-142244

09/02/2026

Ready to learn forex trading? DM to book your slot!