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Before I started posting on Steemit I was busy applying for jobs( without success) but I was also trading Forex for 3 years. The first year I was using a demo account and in the first few months I tripled my demo account in three weeks without knowing what I was doing! I just followed the trend and my stop loss? My stop loss was far far away from the screen and my take profit too. I felt I could conquer the world :-D. It was so easy to make so much profits while I was cleaning the house or sleeping. I felt the money on my demo account was REAL money. It just felt like that. My husband kept telling me that I have learn about Forex and the strategies. I just didn't want to listen.

After a few months, the market decided to make a different turn and the next morning I suddenly saw my open positions in minus. They were in BIG minus. At that moment I realised that I have to start learning about Forex. My husband was also trading Forex so he suggested to read Nial Fuller's online articles which are available at his website: www.learntotradethemarket.com. I was reading his articles and I found out that he likes to use the pin bar strategy and that he mainly uses this strategy on the 1 hour and 4 hour chart.

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I decided to give this pin bar strategy a try but still using a demo account. It went so good! I made profit after profit. My husband told me he would give me 500 euros to open a live account if I manage it again to triple my demo account. I tripled my account in two months or so and he opened a live account for me. Unfortunately it didn't go as I wanted. It's really strange because with a demo account you use the same platform, everything is the same except you use fake money. I was trading live and suddenly everything went wrong. I just had problems with my stop loss. I was too scared to put my stop loss under the pin bar so I had a very tight stop loss for most of my positions and I also didn't follow the pin bar strategy anymore. I was doing crazy things. I am not sure why.

I lost around 250 euros and I decided to stop for a while. I gave the rest of the money on my live account back to my husband. After a few months break I wanted to back trading Forex. I was searching for Forex guru's and Forex strategies. I read about boilinger bands but found out that it wasn't something for me. I also saw video tutorials about naked trading, but I didn't like it at all. It just didn't make any sense to me. Then I found Justin Bennett's website:dailypriceaction.com. He was really what I was looking for. He explained everything so much better than Nial Fuller and I really like his strategies and the indicators he uses.

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Except for the famous pin bar strategy, he also uses the Engulfing bar strategy. This became my most interesting strategy. The engulfing bar isn't occuring that often, but if it does, it can be very profitable. Ofcourse any strategy can be profitable or be a loss for you. Nothing is 100% guaranteed. He also wrote about the risk reward ratio. that if your stop loss is 100 pips, let's say that would be under the engulfing bar, then your take profit should be around 200 pips at least, so 1:2 RR

Above you see a screenshot of my Forex trading platform FxPro cTrader. I circled the engulfing bar/pattern. The black bar is a bearish bar and the white bars before are inside the bearish bar. It's perfectly engulfed and you see how much profit you could make using this strategy. Because Justin Bennett prefer to trade the daily and weekly chart, I was also following him. I noticed I had more peace than trading the 4 or 1 hour chart. You see you would have to wait 7 days before you would get enough profit. After 15 days there was even another bearish engulfing bar occuring. That is so beautiful to see.

Exponential Moving averages

Justin Bennett also uses moving averages to see how the trend goes but he also uses them for extra confirmation. He uses the 10 and 20 EMA and I added another EMA, the 50 EMA on top of that. The purple line is the 50 EMA. For me, it is more clear to trade with the these EMA's and when the bars are above the 50 EMA I should look for bullish signs, like a bullish pin bar or a bullish inside bar.

Another reason I like EMA's is that when the 10 and the 20 EMA's are crossing each other/crossover, it shows that the market makes a different turn. It could be just for a few days, but it is also most likely for a few weeks. So when it was bullish for a long time and you see the 10 and 20 EMA crossover, then it might be wise to consider going bearish.

I am not a professional Forex trader at all but I would like to become one. 2015 was my last year of Forex trading. I opened a small live account. I just had 200 euros :-D. I also don't want to add more money because IF I would make huge losses, I would lose more than 200, right? It is still risky so why using more money than I can handle? So after I learned a lot of Justin Bennett's online lessons that were completely for free, I started trading again. The first few times I made big profits and I suddenly became overconfident :-). I used higher leverage and suddeny all my profits were gone and I started back at sqaure one, so from €200.I didn't make much profit but I also didn't make many losses. I was on break-even most of the time. But i think it's a start? At least I didn't lose my tiny 200 euros, right?

This was a comment that I made on one of J.Bennett's articles years ago. It was a question about long legged doji's. I noticed that sometimes a doji occurs on many pairs at the same time. He is definetely not interested in doji's.

I really miss trading Forex! I know it's all about trading cryptocurrencies, but what I don't like about trading cryptocurrencies is that I heard that the moving averages aren't up to date? Another reason what I don't like about trading cryptocurrencies(yet), is that cashing out. I still find it very difficult and complicated to cash out Steem. I have to convert steem to ethereum and from ethereum to Euros. It is still a very long process. I even had to record the whole process with Quicktime player when my husband helped me. I still don't remember the steps and still have to look at that video how to cash out money from steemit. With Forex I don't have that. It is very simple and quick because the currencies are accepted by banks.

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I really like this quote of Warren Buffet. We don't know where Steemit is heading. I can not just depend on Steemit. I need to pay my bills too. Many people complain and we see people on the trending page that pay whales to get to the trending page. Last year during Summer and Autumn, people got on the trending page because people/whales and others liked certain posts. Another thing is that some people post wondering how long Steemit will last or that Steemit is dying. I don't hope so but I just feel Steemit was more positive and people posts were more positive last year till Summer/Autumn compared to now. So I still am going to post on Steemit, but I will definetely start with Forex trading again. I hope this time I will be more calm, think clearly and stick to my trading plan/strategies.