In 2003, when I started trading forex, I was naive, inexperienced and totally gullible to the directions themselves admit Forex experts. Just like anyone who is new to the market, I was told that I had to open a new forex account with any 'good' forex brokers, forex trading demo is not for at least three to six months before trading with live money. I also advised that in order to secure a place, you probably should consider hiring professional services forex experts, who will do the job of trading for the percentage of accrued profits, while all I scoop the rest in my bank account! These tips all sounded promising and simple as ABC. I think I made the mistake of not asking why there are not many forex millionaires around if you really making money through Forex trading is that simple.
Approximately four months later I decided I was going to trade live, but the fear of losing made me hire the services of two separate experienced Forex traders to at least take care of my capital while I do the same later. For the next six weeks, and I kept seeing some fluctuation in my Forex account from my capital goes up and down going at irregular intervals, of course, my 'experienced traders' provided that 'experts' justifications for the instability, blaming certain market forces and of course promising me That's all well and that there is no reason for alarm as they always have weathered all the storms in the market. This trend continued until I lost my capital a year later. These guys have discovered that there are several other forex managed accounts, this means that they can never really give any forex accounts under their jurisdiction proper attention they deserve in Forex trades.
Experience they say is the best teacher. I also agree to use forex robots, but the results over time are also not acceptable overwhelming. In the end, I had spent more than eighteen months of trying to figure out exactly what works and what does not. It is a process I would not advise anyone to go through especially when one does not have much capital to perform such costly experiments. Finally I called the courage and decided to trade Forex on your own, and only after I took this bold step, I did learn a lot about making a decent living trading Forex full-time scale.
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