Wednesday 12 December 2012

In the beginning there were losses.

 My trading adventure started on my 20th birthday when my parents gave me an account with FXCM trading platform that had a small amount of money in it (~161 USD). As I was new to it and had no real idea how to use the platform or what trading was about I inevitably lost this money... I experienced slight profits at the start which were possibly dumb luck but after that it was all down hill.

 During my last year at university I decided to try again with just a 50 USD deposit. Again I experience profits at the beginning in the first couple of weeks and was able to increase the balance to approximately 80 USD. From what I have read online many traders who attempt day trading from home experience profits at first, shortly followed by extensive losses and then them giving up. I also suffered losses again down to a zero balance. This was very frustrating and off putting as I was at a loss as to why this kept happening to me.

 Recently, in September I began trading again after gathering the funds to restart. I began this time with approximately 200 USD. I was once again on the road to success, still unsure if I was going to lose all of this too or actually make some money.

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