The rush beginning, forex trading

The rush beginning, forex trading

By Psyhedelic | Rush for cash | 22 Feb 2020


Hello and welcome,

      The rush started about a year ago, when a friend told me about his cousin who makes money online with this thing called forex. At that time I knew very little about this and given this reason I consider it "witchcraft"

      I begin research it and I understood the mechanics, on paper looked so good, so nice. You buy low and sell high, pretty simple right? This is the most basic principle so let's not go into details (technical trading, news trading, indicators and so on). I made a demo account because this is what people recommended. Things began to work after a while of demo trading and research. I wanted to start investing real money, but not much, a small sum (10 euro), found a broker and did just that.

     Here intervenes the human mind the stupidity and the greediness of me. First trade was a winner, but I didn't enjoy it. Why you ask? It was such a small win, around 0.05-0.10 euro in 2 or 3 days. Not worth it, 0.10 in 3 days is nothing (I wanted to make thousands).

    The greediness took control and then I raised my "take profit", the losses began to pile up (4-5 lost trades in total 3 euro). Then came the stupidity. I added another 50 euro and came back to the strategy that I did before, but bought more lots. Once again I won some trades but 0.25-0.40 in 2-3 days still wasn't enough. Now greediness and stupidity teamed up, I raised my take profit and lost another 7 euro in total. After this I  withdraw the rest of the money that I had.

    I returned to my research and I was trying to figure how to make more with less money. The answer more leverage (x300; x500), not long term trades (scalping), small spread (not the answer!!!). And so I made another demo account with x500 leverage and 100 euro balance because I wanted to test it. The results were amazing, 80 euro in 2 days. I'm gonna be so rich in just 6-7 months I thought. 

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    Round 2 began, I invested 80 euro and received from this broker 50% in total 140 euro to trade with. First day I made 2 euro. Second day lost 70 and by the third lost another 12 and the broker took his 50% because I lost all my money the initial 80 euro.

    You know what is the funny part? I've read about all this stuff prior, this are the most common mistakes. I knew about all this and still did them. 

In conclusion: 

    You will not get rich with 10 euro through Forex, if you are greedy you will gonna lose, if you are stupid and you don't have self-control you will gonna lose (I was both, maybe still am). I have learned from my mistakes, hope if you want to give it a go and read this, you learned something too. 

 

Thank you for reading this!

And sorry for my english.

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Rush for cash
Rush for cash

In this blog I will share with you my personal experiences from my "rush" of making money online. In every part I will relate my experiences with a certain method that I had tried and my conclusion at the end. Hoping with this you can have something to take into account if you ever want to try these for yourself.

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