Hi.
My name is Arron i am a male aged 26 in couple of days. I have been trying to trade forex/stocks for bout 2 years. So far only losing money. Suppose you gotta lose it to make it. Well thats what i keep telling myself. I started trading after been beaten up in the job market.
I was a scaffolder and was in a serious motorway accident 3 years ago. The accident happend at work. The company i worked for, for over 5 years discarded me like used toilet roll. The law couldnt help me as i was not working there for over a year so you have no rights, they were smart, lay the lads off every winter that way you never get a full year employment, therefore you have no rights.
That job was my life, so as you can imagine i went to a dark place. Looking, searching for ways not easy to make money but easier then scaffolding in all weathers. Working somewhere i get judged solely on my performance non of this if your face fits, kiss ass to the boss to get promoted. It not my style. A job that is all on my shoulders, with limitless earning potential.
So after a year of searching wondering and trying new things i found the stock market. I have been using practise accounts i started with plus 500. Which was great lost couple of hundred pound, i was mainly trading stock and shares not forex. Till i realised the pip spread on forex was tiny compared to companies. So i started my journey looking for a forex broker. I bought day trading for dummies. After reading this the author recommends his own companies forex broker. Forex.com so i got the demo account and started trading. Goit confident put couple hundred pound on and lost :). Same again got confident again then lost. I bought the lex van dam trading forex webinar. Its good but it seems to be more long based trading e.g weeks months years. He promotes a 5 step programme.
Idea genration
Fundamental analysis
Risk managment
Trading psycology
Technical analysis
Thats a bit of my experience. I think the only thing that is holding back my performance is my effort i need to work harder.
So here i am going to do the baby pips school and hopefully in the future see some better results.
Thanks for reading hope it wasn’t to boring :).
Any advice comments more then welcome even if the comment is your an idiot for two years you been trying and nothing not even a pound to show for it, pack it in before you lose everything.
So thanks for reading and look forward to any feedback.