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How I almost gave up on FX trading.

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Welcome to my blog Greetings to everybody. Joyful weekends as well as a happy holiday season. Have you ever found yourself in a position where you had to give up on a project you loved so much because of difficulties and failure you were experiencing while working on it. So I'm not exempt either. I've given up on a lot of things, but I can specifically think of "Forex trading".

Particularly, it was in the year 2020, during the coronavirus lockdown, that I first learned about forex trading. Although I had heard about it, I hadn't really taken an interest in it until the lockdown. Fortunately, a chance presented itself to attend a free Telegram forex trading session for newbies. I immediately became fascinated with the course and was anxious to learn more. After finishing the beginner's session, he asked us to pay a mandatory charge for the subsequent courses, the intermediate and advanced classes.

We were all under lock down at the time, and I wasn't working, so I had no money. So I put it on hold. Another fantastic offer then presented itself once again. I was enrolled in the course by a close buddy from high school who has been trading for some time. I gained a lot of knowledge from the course and through exercising on my demo account. After trading on a demo account for a few months, when the lockdown was eventually lifted, I looked for funding to open an actual trading account.

My broker, Hotforex, had a decent spread, and I was also given their recommendation. When I eventually began trading forex in real time. I was trading with the intention of gaining money everyday, but I also loved it when my analysis and predictions did happen. Then, the day I was most afraid of, arrived when I blew my account. Occasionally, it continued in that manner. I would have a period of success for a time before losing all of my money on one absurd move. I eventually quit trading because I was too worn out.

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However, the majority of my losses were brought on by my greed and selfishness, as well as the fact that I was still a novice when it came to forex and didn't know crucial fundamentals. For over two years, I didn't trade. Even if it wasn't simple at the time, it was worthwhile. I'm still looking for good books, associates with whom I can trade and exchange information, excellent mentors, and resources that will further my learning, and I'm hoping to return to it by next year.

Merry Christmas 🎄⛄ once again and Thanks for reading.

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How I almost gave up on FX trading. was published on and last updated on 16 Dec 2022.