Trading Forex As A Beginner And What You should Know!

2011-12-05T21:42:00.001-08:00

HOW I LOST MY MONEY TO GREED.

Forex Trading, started gaining recognition and so many company and firms used the awareness as a means of making money from people. Everywhere, you hear about how you can become a millionaire with Trading Forex. With that ideal, many was mislead and totally understood the Market wrongly. Just like me, who wants to be a millionaire even over night, so I thought, I will be rich in one month, by Trading the Forex market.

"As a beginner, wanting to trade the FOREX: It is always advisable to trade on DEMO account, before you trade live or real account. With DEMO account, you have much time to practice, with a lot of free DEMO money."

You can open a DEMO account HERE. "You can make real money trading this Forex market". But, you have to learn my beginner's lessons.

So I went borrowing the sum of $500 and investing it in the Market. to be honest with you, I borrowed the money like in August and was thinking that by December, I will be riding my own car. But my friend, this was not the case everything turned round against me. OK, let me give you just the breakdown of my activities to explain it well.

HOW I TRADED FOREX MARKET WITH GREED.

I started trading the Forex, I mean currency and my favorite was the EUR/USD, NEVER KNOWING THAT THIS IS A MONEY SUCKING MACHINE, (with regard to my inexperience), looking at its high level of volatility, I mean the movement, how it goes ups and down in a very high speed, so due to my state of mind. What I was doing was putting a whole $100 in one contract I mean one trade and with out stop loss because I do not want anything that will stop me from making all the money I needed, I want all the money in the market for myself and only me.

At every trade, I will sit down and watch the market, desperate to be see how the $100 will turn into $5000. My friend, it was horrible! I tell you! Never knowing that any amount of money,one puts into the market is what you will loose in the negative side and the same happens to the gain on the positive side.

In Fact, I do not wish to bore you, my reader, let me make things easy for you.

I LOST THE $500, BEFORE THAT DECEMBER, I PLANNED TO MAKE THE BIG MONEY!

As a beginner, you may not know the importance of this information, but is should be a stepping stone for every beginner, who wish to trade Forex and I tell you, it reading this article and understanding it, worth $5000 and you need it, if you want to be a successful Trader.

In the same vein, as the saying goes, ''without a cross, their will be no crown.'' Despite what happened, am still in the business and am so sure that in subsequent time, I will make money from the market, if only I can learn how to RISK only $1 on every trade and learn also how to use the STOP LOSS AND EXIT TARGET, which should be the main purpose of which you are reading this article.

Lesson learned, you know what I do now? I will tell you just keep your eyes on the next write-up. To sign up for a demo account: with the best Forex broker in this large market- PLEASE FILL THIS FORM.

Trading Forex: A Begginner's Approach- What Should Be Known!

Trading Forex As A Beginner And What You should Know!