Started playing FOREX recently, banked in RM800, after charges, is left with USD250.
At first, things are not going good, and the first week of playing, I lost a total of USD100,
but hey,
it's all part of the learning process right?
Like they say:
"If you've never failed,
you've never lived."
Made me nearly give up on Forex trading actually,
but thanks to the unending encouragement from my Sufang,
I managed to persevere.
NEVER GIVE UP ON MY DREAM !!!
Two days ago I was left with USD100 from my initial investment of USD250.
Now, I managed to earn back USD47.
It took me nearly a week to re-learn a valuable lesson which I read countless times on the numerous Forex books that I've read.
"NEVER trade against the trend"
Finally I learned it today,
when I visited MPH during my lunch break,
I read a book on stock trading,
One successful investor said,
"I will never look for reversals,
when prices keep rising,
go with the trend"
So I hope to get back my initial investment by the end of next week and maybe make some profits starting next week =)
Lessons learned:
1. Never trade against the trend
2. Hold trades for more than a day. Don't be a day trader, it will eat the life out of you.
3. Don't look for reversals, you will always be disappointed.
December 8, 2015 at 6:04 PM
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