There is no shortcut to get rich trading forex, but there is always "smart" strategies to make big profits everyday, even when the market is currently bearish. As long as you have a proper psychology state and risk management, it is more than possible you can become a millionaire from forex market. So, let's learn from my experience on how to get rich trading forex and avoid bigger losses consistently.
Prior to trading forex, I was just a private accountant in Singapore with sufficient income to spend for daily expense only. You must understand how expensive it is to live in Singapore. Until I visited South Africa to meet an old friend, he introduced me about forex trading and motivated me to quit my job and this is hard decision ever in my life. Leaving my job as a private accountant to trade forex professionally might sound very crazy for most of people, but I always try to convince myself that I will never regret it because I want to reach what so-called financial freedom in my life. And, although I was totally a beginner that time, I had set a goal to be a successful trader within just a few years.
Trading forex as a professional may sound a seriousness to get the most out of forex world by taking it profesionally to higher level which is a full-time job but you are still able to manage your time. Sounds fun huh? Yes, but it involves a lot of risks and I love taking avoidable risks. Usually, risks may come from what you are doing wrong including in forex trading, but it is not too risky if you know what you are doing right? You can avoid it by keep learning and focus on implementing your trading style that suits you. The fact is, with this just simple idea I can make profits consistently and you don't need to ask why.
When I opened a real account in a respected forex broker in South Africa and ready to open a position, I still got frightened to lost my money. But I believed that I could make it! I opened a micro account with initial deposit $30.000 to trade USD/GBP in United States in expectation that I would make a lot of money to invest in property and other valuable things. Did I make it? No! After a short period of time, I was nearly dead shocked to see my account balance was only $500. How the hell it could happen? Yes, I made a serious mistake with no risk management set! And, this was the result of my evaluation why I have lost that bunch of money. I was down but that wouldn't stop me trade more and more. I thought that people would quit trading forex if they have lost in the first time trading. However, I have to motivate myself to succeed and survive in this business.
hi thanks for the work. cant believe it you decided that
ReplyDeleteWow thats really amazing experience. I am just a beginner in forex trading, hopefully you can teach me.
ReplyDeleteHow is your simple forex trading strategies then?