Hi everyone,
While some of you guys probably don’t care, I figured that I write something here and hopefully find words of encouragement. Please skip to the bold part of post to get straight to the main content. I was always into the idea since the age of 20 of being independent from Corporate America. I wanted to travel and make enough money to afford things that I feel that I deserve.
During my journey, I have spent tens of thousands of dollars on education courses. I believe the first thing I got started with, was affiliate marketing. Ebooks were free to produce after the hardwork was already put into by the developer, hence, you got a good payout. Well, it was hard to get traffic to websites–at least with a cost less than the expected return per average visit.
Then I looked into MLM, but couldn’t recruit. I tried selling on Amazon and eBay, but the competition is too great. I tried pretty much every ethical way of making money. I then discovered forex. After looking at it, it appeared to be the best opportunity that I came across. You don’t need to spend a lot of time watching prices and the money you can make has very high upside. You have a 50/50 chance of being right. The fees are not that high which will not stack the odds too far against you, but you have the ability to close out trades as you please and implement any strategy.
Now, maybe the forex market is random. Heck, after my experience with this market, I wish that it really was truly random. I take that over the crap that has been going on. Let me give you my typical experience:
1.) I open a trade with a spread of like 1.5 pip. You would think that price shouldn’t have too much trouble overcoming that to put me in the green, but it seems that the market always make a pivot and goes against my intended direction.
2.) I try to set & forget and use good risk-to-reward, but when the market struggles to move in your favor by 20 pips and can go against you like 50 pips in a blank of an eye, it makes you almost want to have big stop losses and small targets. One frustrating thing too, is that in the rare cases that I’m up 20 pips, in a blank of an eye, I’m in a red. It also wouldn’t be rise to have stop losses too large, because if I lose 300 pips on a trade, and how difficult it is for the market to move in my direction, that is something that I may never overcome
Sometimes I’m in a trade and I’m like 50 pips in the negative and I’m getting a sign of light. I see hourly candles agreeing with my direction. They are very small, but it is better than prices moving against me. But then, I will see a huge candle going against me, erasing the progress I made in like the last 8 hours.
Now in a perfect case scenario, if I could do price action to give myself an edge, that would be great. Heck, if the market was totally random, I could make money with good risk-to-reward ratio. But when I’m trading and it seems like there is always someone on the other side looking at my trades and ensuring that I don’t see any profits, that is what causes me great anger.
It seems like you have to be a lucky guy to do well in life. I feel that life shouldn’t be that way. Even if working hard doesn’t get you there, good skills should. After the bullcrap that has happened to me yesterday, I have had some very strong words for the God above. I don’t go around lying to people talking about how good God is when I see this crap. My broker has nothing to do with this. I checked other charts from different brokers to ensure nothing fishy is going on with Oanda. This is just bad luck.
Now, I have been getting very serious about trading and just want to trade channel and H&S patterns, which should have a high probability. I’m trading textbook channels too. If this doesn’t work, I don’t know what’s going to. People preach price action like it is the best thing since the slice of bread.
Well, thanks everyone for reading. I feel really lost in life right now. It starting to feel like I was born with the destiny of only earning money from a day job.
