After you learn the language, build some knowledge and get acquainted with the basics, perhaps some illusions will disappear. That will be time to formulate your goals and expectations from trading. You must understand the risks, get ready to these risks in all senses and define your goals and expectations from trading.
If you do not have a financial cushion for 3-6 months or if your basic needs are not covered, you should not go into trading. To get started, take a break and start organizing your personal finances. Only when you feel financially secure and you have some free money that you can afford to lose, only at that point you should start trading at Forex.
Determine how much you are willing to lose without prejudice to your finances, do not risk the last money.
Actually not only for beginners but every trader has to consider these risks.
Some specific risks that currency traders should evaluate
Forex trading risks selection according to Investopedia.
You must understand that the market is constantly changing, and even the most successful traders lose money, and you need to be prepared for it, but when you find yourself in a situation where money is lost, this is a lot of stress, which can lead to even bigger mistakes and problems. It is important to understand your stress tolerance and knowing it to choose a strategy that will take into account your psychology and reduce the likelihood of mistakes and rash decisions. There are online tests that help evaluate stress resistance.
Test your stress level online for free.
Simple Ways to Reduce Your Trading-Related Stress.
Learn what financial goals are, determine your own goals. What do you want to get as a result and in what time period. This should form the basis of your trading strategy, the formation of which is one of the most important components of trading.
How to Set Financial Goals for your future.
Everything you need to know about your personal financial goals .