When I first learned about the foreign exchange (forex) back in August 2005, I was so happy as a farmer just happened to dig up the treasure chest. The reason was that for years I tried to look for an opportunity where you can trade online using my PC. Although the stock market was available online for a long time, it was not for low budget retailers like me. While retail forex trading has opened its doors to everyone with just a few hundred dollars to start. In addition, Forex trading is much more exciting than trading stocks, mainly because you can see results in minutes, 24 hours a day for most of the week. However, for stock trading, you'll probably have to wait for days, even weeks, to see any results on picks.
But then, just like how happy I felt when I got a profit, it was very depressing to accept losses. After all, this is not a game where I could just forget about it. That was real money, my hard-earned money is taken away. So after losing several hundred dollars, I put in several more, the higher the amount, hoping to win back your losses. Only after I lost everything else had a deposit, I realized that I needed a lot of training before they can retail forex. Well, I waited a few months, so that feelings Moody died down before I invested some money in forex training courses. Much to my surprise, I learned that there were no tricks or wisdom in Forex trading. Various training courses that cost me almost a thousand bucks just taught me how to read charts, or what economic indicators mean. However, none of them ever mentioned any possible strategies to predict price action.
So my big question at that time was, "What is the use of learning all the basics of how currencies change without being able to predict your future?" Finally, well-educated trader will not be much different than the uneducated one, because both toss to enter the trade! And then the more I listened to arguing the pros, the more I am confused. It seems that the war going on between those who believe in fundamental analysis and those who believe only the technical analysis. basic technical guys usually mark guys as "nonsense". sardonic lines is something like "if you throw enough crap in the air ... (maybe some will fall on your head!):" In other words, technical analysis are totally hit-piece, because the future is no reason to repeat the past.
Well, the technical guys do not fight back. Every now and then the market reacts differently from the economic news, even contrary to the way rates are supposed to move. When this happens, the technical guys will be happy, "See, the fundamental analysis of garbage!" In any case, what does that leave me? Nothing! After spending thousands of dollars on training courses, I felt like getting back to the starting point, just toss a coin to enter the trade. But here's the dilemma: I can not stop just because you've already invested too much in it! If I called it quit, not just that I've never had a chance to get back my money, but I also would feel like a sore loser. So there I was, back and forth with Forex trading, win some lose some, but never got anywhere. And since my losses were greater than gains, a sense of guilt kept haunting me even in sleep. So, a year later, I realized that my beautiful dreams about the forex trading just practically turned into a real nightmare.
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