1.Forex is Not a Get Rich Quick Opportunity
Today My Article Is About Forex Mistakes Which I Do Not Know When I Was Start Forex Trading But You Will Know About It Before Starting Forex.
Everyone comes to the Forex market for a reason, ranging between solely for entertainment to becoming a professional trader. I started out aspiring to be a full-time, self sufficient Forex trader. I had been taught the Perfect' strategy. I spent months testing it and backtests showed how I could make $15,000-$25,000 a year off of a $5,000 account. My plan was to let my account compound until I was so well off, I wouldn't have to work again in my life. I was dedicated and I committed myself to the plan 100%.Sparing you the details, my plan failed. It turns out that trading 105K lots on a $5,000 account is not very forgiving. I lost 23% of my account in 3 weeks. I didn't know what hit me. Something was wrong. Luckily, I stopped trading at that point Then I spent the next couple of years working with traders around the world and continued to educate myself about the Forex market. It played a huge role in my development to be the trader I am today. 3 years of profitable trading later, it's been my plea