Forex trading is trading on the foreign exchange market. After my bank offered a Forex trading account last year, I dared to try my hand there too. So I took all the necessary steps and studied the mask. I already had a lot of experience in trading indices, but I hadn’t dealt with currencies. Currencies are said to be closer to the brands, to the turning points and more predictable. So I tried trading euro/dollar.

Forex trading was described as a unique opportunity. I was very curious what it would be like as it didn’t cause any expenses and so trading should be profitable. That’s what I thought.

Well, first I got a little familiar with the mask. And then it started. Unlike the indices, I didn’t have a guideline from other traders. The indices are relatively easy to trade, because you can find a lot of information on the internet. So the platform www.godmode-trader.de is a really very helpful companion for trading. You can compare your brands and turning points and feel safer.

This was not the case with Forex trading. I was pretty alone, and I felt like I was. The fluctuation of the numbers made me nervous. So, what I mean is, the instrument was too fast for me. Also with the stop marks set I had problems. In general, it was not as easy for me to control as trading with derivatives via indices. It wasn’t really my job, and my losses were bigger than my profits.

I stopped trading currencies relatively soon afterwards. I thought it was just not my thing. I don’t know that very well. Interestingly, the bank also stopped Forex trading. Apparently the need wasn’t there.

But it offered CFD trading a little later. And that, I have to say, suits me more. After some initial difficulties, I figured out the best way to get into and out of the market. But it’s too much capital for me to invest. You can only trade points, i.e. one point is at least 1 euro. If the DAX loses a point, it is 1 euro, if it wins a point, it is also 1 euro. At least.

With derivatives, on the other hand, you can determine how much money 1 point should be. So I can also trade for 50 cents per point, or for 20 cents. If someone is more long-term oriented, it is easier to trade derivatives than leverage products. That is my opinion. You do have bank charges in most cases, but it doesn’t make you so nervous. It’s easier to stand up to the vibrations.

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The nervousness can hit the body pretty hard: suddenly everything becomes stiff. The whole body freezes. One’s thoughts are only with the trades. Possibly in panic. Everything else is faded out. Since one can trade until 22.00 o’clock, day and night is determined only by the stock exchange. There is no more private life, because one would like to lose nothing, therefore one remains up to the end. If you trade overnight, you have a bad night, because in the morning the trade and the money can already be set in the sand. You’re done in the morning, running to the Internet to see what happened during the night. Either it turned out well or badly.

The body gets more and more nervous, I got real paralysis on the body, on the arm, because the body didn’t want any more. So the body said: NO. But I didn’t hear. It is also an addiction, without doubt. What is addictive is movement. The constant ups and downs. The stock market is like a living organism. In the end I lived more with this organism than with other people together.

Until one day I shot: it does me no good. Out of the whole. End with this passion. It is better to earn my money somewhere else. Times are currently too unsettled, too unpredictable to speculate on the stock market. It is more a roulette than a balanced trading. But the time of this trading has brought me a lot. I also like Dirk Müller and his comments very much. I met Daniele Ganser. I recognized the relationship between George Soros and his Pro Asyl company. I understood the world economy. I understood the crises in the markets. I was able to take a better look behind the scenes.

I’m grateful for that, because now I’ve woken up!

 
Experience report written by Dirk, U., 48 years old, from Sinsheim