Saturday, 7 May 2016

TRADING PSYCHOLOGY - START AT THE WRONG WAY

Hello everyone I would like to share my story on how I started and struggle to become a Forex Trader.

I was working as a Marine Engineer and stay away from my family from 6 to 9months.

I was always wanted to start a business but leaving my place is really a hindrance so I search for an online business, at least via internet I can handle the business.

That's when I started with the forex trading. I finished my course at www.babypips.com then after that I look for a broker in the Philippines.

That's how I started with the Forex industry. 
Now back to our title "started on the wrong way", back in 2013 one of the agent broker tell me that he knows how to trade and if I'm interested he will handle my account.
At first I was hesitant, but from time to time he will send me his trade results, you will be blown away on how profitable his trade. He trade XAUUSD or Gold, he trade 100% win! 

But you know what is the problem, he don't use stop loss... I don't know that time how important this SL is... so we trade and trade and saw positive results.

Then one day he calls me, I was out of the chart, he told me that we have a big floating loss, he ask if I want to sustain my position or we will just close the trade. 
I open my MT4 platform and to my surprise it almost blow up my entire account, I was shock I don't know what to say, I'm paralyzed! I got so angry and tell him leave me alone I can handle this.

So that's the beginning of my struggling trader story. From that moment I told to myself that I will start again and I will search for a system that will work and I will succeed in this Forex trading.... and this starts the beginning for the search of holy grail... and that's another story.

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