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I have always been interested in shares. Especially the website FXCM fascinated me. There you can trade all stocks, you can trade, buy oil and gas and even gold and commodities. Of course I was simply overwhelmed with the offer at the beginning. Although the offerer offers different Tools, in order to find itself on its web page better, it is not simple.
At the beginning I deposited 500 Euro. As I said, I didn’t know that at all, and wanted to get slowly into Forex trading. Trading means that you buy something cheap and then sell it more expensive. Ideally you make a profit. That all sounds great, but what should you do if you just bought gold for 250 euros and suddenly the price goes down instead of up? Should you sell with a minus or still wait in the hope that the price recovers and you still make a profit out of the whole thing?
I spent nights with such scenarios. And most of the time I could still turn the tide and get a profit out of it. I bought gold for 250 Euro and within 2 minutes the course went down to 180 Euro. So already over 70 Euro loss. Fortunately I didn’t get out. Because as fast as the course went down, so fast it went up again. I sold for 308 Euro and wiped the sweat off my forehead.
In the meantime, of course, I have improved my strategy and before I buy, I look at the price to see whether it is currently fluctuating strongly or rather remains calm. Then I decide whether to set a falling or rising price. My strategy is actually very simple. If the price just drops, I bet that the price now rises again. So I buy gold immediately for 300 euros. And after only 30 seconds I sell my gold again for 420 Euro and am really happy about it. Of course it is also a risk, but it is very predictable.
Meanwhile I am seriously thinking about hanging up my well-paid job to just trade. Almost every day I look at my bank statement and see more and more money there. After I had made a first deposit of 500 Euro, I have deposited after only 1 week again 2,000 Euro, in order to participate really effectively in trading. I always deposited by bank transfer, because this is the safest way for me. If, for example, I had deposited with my Master Card, then the amount could not be paid out this way, as this is the policy, for whatever reason.
Meanwhile I trade with amounts around 2.000 Euro. The more you bet, the less the price has to change. When I had traded 50 Euro at the beginning, I often only made 2 Euro profit. Now that’s easily 50 Euros within a few minutes. Why should I go there still correctly to work if I can trade much better from at home at the PC? Many of my trading colleagues also trade on smartphones, but I prefer to do it only from home, because you can concentrate better, because it’s about a few thousand euros.
My account balance has now risen to over 20,000 euros. Surely there were trades that went totally wrong and then you lost 3,000 Euros in one fell swoop. But you can’t let that stop you. I personally see Forex trading as a great opportunity to make something of myself. I now trade countless stocks and trade on Forex hundreds of times a day. I can almost call myself an expert, because as much time as I spend analyzing or trading something is a lot.
My monthly income has, of course, changed a lot. As a locksmith I only got 1,200 net. Now I do it on 2 days! So I make more than 30.000 Euro per month with Forex Trading. But I try not to get cocky and stay on the ground. I’ve heard so many reports that someone put all the money he had into a trade, hoping for a lot of money. But then the trade went in the wrong direction and he lost more than 70 percent of his assets. Just within a few minutes. That’s really gross.
Fortunately, I am a disciplined trader and keep my senses together.
Forex trading has influenced my life a lot and some things might have been different if I wasn’t single. My girlfriend would certainly not have done it if I had sat at the PC every second of the day to trade. Luckily I was single at that time and had no one to bother about it. So I traded at any time and bought shares. No matter what, the main thing is to buy and sell!
Sometimes this obsession makes me a little afraid, but too big is this temptation after the big money. And now I can’t stop trading anyway, because I can’t do without the money anymore. I can only stop if I lose everything or if I find a woman who is totally against my work. But the first variant, that I lose everything and stop, I exclude, because I swore to myself to trade safe and constant. I don’t run after losses and end a day with a minus. Discipline is my greatest virtue!
Experience report written by Kevin L., 29 years, from Hamburg
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