Quoting monarchDislikedYou are right, I would not recommend this to any trader.
I have dedicated myself for a short time here on this thread to give a complete analysis of the Cable to help others learn.
I guess my determination has driven me hard at times, but what can I say?
I am not doing this thread, or trading the forex for my own personal gain or agenda, but there is another purpose to my madness.
The true purpose I started trading was so I could to contribute as much of my earnings to a Bible Ministry I started over 1 year ago in the Philippines, and several other ministries that are starting this year.
In order to accomplish the most important goals in my life, I have set out on a journey and purpose, and that is to help people. The reason I started this thread, was because there was request for me to do so.
Most of the participants here are new traders, hopefully you will have goals to accomplish, that goes beyond self gratifcation, and personal riches
I hope every trader who visits will glean some piece of information, and share it with another trader.Ignored
I for one certainly appreciate your efforts to contribute to this board and hope that you are successful with your Bible Ministry. What you are doing is a truly great thing! I am new to forex and have been trading for about a month now. After increasing my initial investment by 20% the first 2 weeks, I have decreased it by 50% in the past 2 weeks. I mostly trade cable. Trading the forex is mentally challenging, frustrating, and can be an emotional roller coaster. After being successful my first two weeks, I decided to pursue trading agressively trading 12 hours a day and not getting much sleep. In addition, I doubled up my lot size only to fall victim to Murphy. Lucky me. After experiencing multiple consecutive lossess, it really started affecting my focus, becoming anxious when there where no signs of good trades and then out of desperation taking them in hopes of making my money back. I have become more cautious with my trades but in doing so am finding myself missing out on what could have been profitable trades due to fear of losing. I had hoped to make a successful living in currency trading but now see I have much to learn. And even when I feel that I have done my due diligence with analysis, the market can play tricks. It's a dog eat dog world out there. I am a new subscriber to this website and just wanted to say your work is appreciated.
BTW. I was born in the Philippines.