I heard about FOREX from one my friends. He told me about his success stories in Forex. He makes $200 every week. So I got really excited. If he can make $200 in a week, why can't I? So I started about learning Forex. It took me 4 months to understand chart, trend, MT4 platform etc. I started with demo account and surprisingly, out of 20 trades I won 16 or 17 trades. All I used Support and Resistance, Trendlines, Moving averages and Price action. I always put 30 to 40 pips Stop Loss but never put any Take Profit because whenever I felt trend is reversing I closed my position. I traded 3 weeks continuously. I felt like I am ready to jump in the real market.
I started with $200 with a broker. When I put my first real trade, my heart started beating. It was fear of losing money. When it was 25pip down I started feeling nervous and closed my position out of fear. Just like that I started losing my capital. My prediction was wrong. Everything was going against me! My winning ratio became poor. Then I decided to take a break. I saw hundreds of YouTube videos. I saw many videos on "How to control your emotion to become a pro trader"....I kept switching one indicators to another, one pattern to another and almost tried everything.
I brought signals also. It works well, one can make money from buying signals but I don't wanted to depend on anyone. My goal is to a professional trader. I know it's going to take years to be a professional trader. I realized I got addicted to Forex. Its not going to be easy to quit it. Everyday I check market whether I trade or not.
"There is no shortcut for success." But there is a way to make quick money. After 6 months of hard work I found a shortcut. It's working for me now. I will keep working on it few weeks more. I will share my system with my steemit family. With this system you can make maximum 30 pips for sure. You can go for 50/60 pips or so on once you understand it properly. I will share it in my next writing.
Please Upvote my post. It will inspire me to write again. :)
Forex seems very easy but actually is difficult even for a trader. You must learn how a certain currency behaves to make an exact prediction.
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well said....but if u do it the right way it can change anyones life.....
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Looking forward to read more.
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