Hi
I am Osama , started trading Forex almost a year a ago and still struggling . My experience as a trader is packed with different experiences i have faced and would like to share some of them for others to take some lessons from it.
Initially i thought that it is not that difficult but yes now i am fully convinced thats it even more tougher then becoming a doctor .
So far i have lost 15000 $ and again back to demo trading with a hope that one day i would recover it by creating my own strategy instead of following others . This 15k which i lost was in a series , 12 k was lost by my own self by doing stupid trading following other analysis and using stupid indicators which led to this loss and the remaining 3 k loss has a very interesting story
After losing i felt like that i should acquire for some good paid signals service so that i could get back to recovery but what happened was a disaster.
I came to know a woman calliedf Monique boshoff , she runs a signal provider service by charging 100$ a month and owns a website called bullandbearishm . com . I came to know about her on likedin where she usually post her successful trades which i got trapped by trusting her and then thats it. I paid her 100$ monthly and the thing was that she never uses stop loss instead she hedges , which i came to know after paying her the fees. Secondly daily 3 signals and those signals are like if it goes negative it will be hedge so the story goes on… at one stage the total trades went more then 30 and i was like banging my head with her to handle my account yourself coz i dont even know which one to close and which one not too. Anywaz the 3rd month my account got crashed and in reply she said … I DONT KNOW WHAT HAPPENED , its the broker fault , gosh she did’nt even accepted her fault and nor showed any courtesy to apologize . I lost my last hope of recovery because of her stupid signals .
My advise to newcomers are pls dont follow any signal service specially bullandbearishm . com , there are no short cuts , dont think that you will become rich overnight and pls learn , practise , learn , practice until you become enough capable of handling real money .
Any further details about forex trading i can help you in providing good websites where you can learn and practice , babypips is one the good source of learning. Till then enjoy your life
Cheers