Hii am Patrick Moloi and am 19…am all the way from South Africa. I heard about this platform from some a guy I was just having a conversation with about forex. I thought I already knew most of the fundamentals of the market to start trading but I guess I was wrong. My trading was not consistent and my losses were much greater than my winnings. This is when I remembered about this platform as the guy I had a conversation with highly recommended it. So after all inconsistent trading I finally thought it’s time to gather some knowledge and close the gaps so that I can better understand the market and trade with confidence…like a champ. I have always believed that for me trading forex will be a life changing decision despite all the negative comments I have heard about it at times people would discourage me and telling it’s all a scam. I refuse to listen to them because I’ve always told myself that without risk there’s no reward. I also want to prove to them that forex is indeed not a scam.
I can definately assure you that trading FX is not a scam providing you choose a tier one regulated broker, preferably in your own country - alternatively a UK one, e.g. TD365 which has fixed spreads.
Of course, even then, FX trading is a negative game owing to broker fees and commission. Therefore first and foremost LEARN HOW NOT TO LOSE MONEY.
Keep risk exposure small, do not overtrade, revenge trade or gamble. Learn from your mistakes. Know yourself inside out to manage emotional responses. Then you have a chance of being successful.
Best of luck.
The response to “forex is a scam” is to ask them what they think they are doing when they go and get their holiday money.
I am sure you will be successful, focus on the learning part for now, keeping hitting the demo account.