Sunday, 5 March 2017

Create your own WEALTH by becoming a Master in Forex - ALL IN FAITH

My first Post Today i will begin to tell you about my experience from my first encounter with the Forex monster. I was broke, Had no food, was evicted from my home and now where to go! I was taken to the butcher and they made minced meat of me! I was Lost, confused and did not know what to do or where to go! I even went so far as almost loosing my religion, i could not understand how a GREAT GOD would put me through all this stress, and make my life a living hell on earth. We moved from the one house to another, owing people money and running away from out fear just trying to find a glimmer of hope or just 1 minute of peace. All i wanted was to wake up in the morning feeling fresh, being able to eat a proper breakfast and go to work like a normal human being!! Until one morning i woke up, crying, feeling scared and confused, not knowing what the next step would be.I walked out to the garden one morning, after we moved into our new home. I started praying and asking GOD Why? Why me? what have i done wrong? I tried to analyze all various alleys, trying to think where have i gone wrong. After a minute of quite thinking and wondering if there is a God that would listen to me, will He answer me..... i walked around in the garden, feeling empty. Then it happens, i heard a voice, i was so frighten i even get goose bumbs writing this to you all. (That is if there is someone reading this blog) The voice answered and said " I am going to give you this one chance - take care of what I am about to give you, use the tools and use them correct or I will take it away"!! Then i realized it was a message from GOD, i could not believe it, GOD actually answered me!! That night i went to bed and pondered about this message, was it my imagination, am i going mad, am i getting depressed? I made the dissension just to let it go and if in fact it was GOD then He would surely show me the way. As always i keep on talking to God, waiting for the tools he will provide, showing me a way. I few days went by, one day like every other day i wondered what can i do to earn extra income, and it came to me... FOREX, Forex was the only way, as i only have grade 8 or standard 6 ( this is a whole other story for another day). But how am i going to even consider Forex, i dint have 1 single cent on my name, i barely have food in my house. Then i remember an old friend of mine, an extremely wealthy guy, i should ask him, i thought... That night i contacted him and explained my situation, and without even hesitating he said YES? What is this for real, this guy is going me $ 10 000-00 USD to invest. I must do this right, this is my chance. I AM FREE! LOL, i was wrong, Forex looks easy, buy when the price is low and sell when the price is high.... To be continued....


Today 09 March 2017

I opened an account with XM.com and did the verification, no problems and in a few easy steps. The investor deposited the funds and we are ready to go.

That afternoon i looked at the charts and Gold was falling hard, "on the 1 minute chart", my first mistake, so then gold started to go up again ( on the 1 minute chart) and i opened a Sell 5 full contracts, my second mistake, gold fell and i started making money ( Wow this is easy money i say to my self), i opened another 2 full contracts,  my third mistake,  and yes!! gold fell a bit more and i opened another 2 full contacts, my forth and final mistake,  little did i know that to trade the 1 minute chart is not good at all, in fact trading the 1 minute chart is a BIG NO NO!!

so now i have about $3000 profit and i think this is going to make me rich. and then the bomb, Gold sky rocketed!!!! MY WHOLE ACCOUNT WHIPPED OUT!!

I did not know that there was a thing like Support and Resistance, i Did not know that gold is at a 10 year low, i did not know that all pro traders was gearing up to buy, i did not know of Economic news, I did not know about the 200, 100 and 50 day moving averages... I DID NOT KNOW SHIT!!!

Now i am scared, disappointed, and confused. Why did i loose all the money, why now, why me.

 I phone the investor and explained what happened and he was pist off with me.

I decided and informed the investor that i will make his money back, i might take a while but i will.

I went back to the drawing board, started spending time on a trading forum and for the next year i learned as much as i possible can. And realized that with knowledge trading can never be easy but can be very rewarding!!

Keep following my blog and i will take your through the trading process step by step.......

1. Reading the chart
2. Explain what different indicators to use and how the work
3. What to look for on a daily basis when it comes to the economic Calendar
4. Support and resistance
5. Trend Lines
6. Money Management
7. Psychological Trading

and many more, but in my opinion these are the most important factors.

Check back every day for new insight!

AND REMEMBER ALWAYS TRADE SAFE!!

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