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❓ASK Your first trade was a profit or loss?

Razor1911

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We have joined the forex market from different parts of the world. The only expectations from forex is to earn some nice amount of profits. In the initial stages everyone of us probably gone through tough Times. Only few traders can continue their journey in this risky business for long time and we are lucky to be one of them.

Initially when I traded for the first time I had incurred a loss. I invested $10 in a broker and traded without much knowledge. I lost around $5 and then closed my account and withdrawn the amount. Though the amount is small, But it had shown me how risky the forex business is. After that I had not invested for more than 6 months and I only tried to learn in that period. What is your story about your first trade. Was it a profit or loss, please share with us.
 
Well, my cousin brother actually did venture into forex trading and at that time he actually made losses, no profits. This is because he involved himself in it without even knowing what forex is all about. He had to quit for the time being to make research about the platform which he is doing up till now
 
As shocking as it may be,my first trade was not only profit but double of the Investment and that's the one time I have ever made such profit.
Today I am smarter,wiser and risk aware so even keeping a trade to build for that long is really difficult except I have a good capital to withstand the pullback.
 
I actually made a loss in my first trade this is because i allowed the fear factor took a better part of me, i was too cautious not to make mistakes because i started with just 11 dollars, and i wasn't too perfect analyzing the market. i had issues with when to click and using the strategies i have been taught. But I'm better today not too perfect though but i can trade with confidence and also analyze the market very well.
 
As shocking as it may be,my first trade was not only profit but double of the Investment and that's the one time I have ever made such profit.
Today I am smarter,wiser and risk aware so even keeping a trade to build for that long is really difficult except I have a good capital to withstand the pullback.
You're one of the few persons who have achieved such great feat just the first time trading in Forex.
I haven't traded in Forex but I have colleagues who actually traded constantly and have become millionaires through it. One thing I like about Forex trading is the ability to trade with even small bits of money. I'd like to attend your Forex trading classes.
 
I've not traded in Forex yet but I do use the Demo app to learn some basics and improve my trading skills. While trading, if you must maximize your earning potentials, then you should eliminate the attribute of Fear and greed. You should reduce your greed excesses not to go overboard and you should also trade without emotions being present.
 
You're one of the few persons who have achieved such great feat just the first time trading in Forex.
I haven't traded in Forex but I have colleagues who actually traded constantly and have become millionaires through it. One thing I like about Forex trading is the ability to trade with even small bits of money. I'd like to attend your Forex trading classes.
When you trade the first time with spare cash you won't feel that tension to trade especially when you stay around positive people.
As time goes on,when your eyes begin to open you will understand and see that most entry you took in the past were just out of luck as anything can happen.
 
The first trade I ever made was with a cent account and I think it was actually a profit. I started trading without any form of knowledge about how the market works or any skill about it. It made me believe trading was that easy, only for me to hit reality. After my first few trades making profit, though they where not really huge profits, since it was a cent account and I funded with something small. Later on I started experiencing losses.
 
Personally, I have not yet invested into the forex market. But I know how risky the investment is. So I am still taking my time to learn the forex trading strategies. I hope that with time, I will be able to have the skill and I can start making money out of investing there. It is always best to learn the skill first and not just invest without proper knowledge.
 
I tired to trade using pocket options. I had invested $10 but I lost it within two days. I should have used to bonus account to learn but I was too excited to try something new. I have decided not to try again until I have mastered a few skills.
 
Laughs. To be honest with you, I can't really remember. The reason being that I started trading a long time ago and when I started I actually started real small and I was earning as well as losing peanuts so the profits or probably losses I made then are not to significant to remember it up till now.
But what I can tell you is that as at that time, I made more losses than I made profits.
 
Personally, I have not yet invested into the forex market. But I know how risky the investment is. So I am still taking my time to learn the forex trading strategies. I hope that with time, I will be able to have the skill and I can start making money out of investing there. It is always best to learn the skill first and not just invest without proper knowledge.
It's better for you not to rush anything I beleive that you need to excercise some patience and learn first dont just rush to make money in the forex market,you need to learn and know how to use different strategy know much about each trading indicator and how charts react learn about candle sticks and bar chart.
Dont just rush to trade,
for me the very first trade I made was loss,I loss about 32pips but latar recover it.
 
I can still remember the first couple of treats that I took as they were winning trades through . I need about 10 successive wins in a row and the team began to enter my head and I began to lose out of my strategy . As expected that did not undergo for me because at the end of the day I ended up nuking the whole account and I brought it essentially down to zero before I started building from the beginning again.
 
Profit or loss first trading is only about experience and often clears you from the market trends which often are called as the nature and the base of the game

Many people who trade on markets without having an education make move in only one direction and that is not recommended to be honest actually in my opinion
 
We have joined the forex market from different parts of the world. The only expectations from forex is to earn some nice amount of profits. In the initial stages everyone of us probably gone through tough Times. Only few traders can continue their journey in this risky business for long time and we are lucky to be one of them.

Initially when I traded for the first time I had incurred a loss. I invested $10 in a broker and traded without much knowledge. I lost around $5 and then closed my account and withdrawn the amount. Though the amount is small, But it had shown me how risky the forex business is. After that I had not invested for more than 6 months and I only tried to learn in that period. What is your story about your first trade. Was it a profit or loss, please share with us.
My first trade was a profit. Though I think it was by luck because I didn't really know much about trading. I just staked my coin and realized that I won the trade. Even my first three trades were profit. Then later, I began to face the real trading. Trading is not win everytime. It has ups and downs.
 
The first full month was a loss actually because Crypto is danger and back that time when that thing happened there were many fake gurus who gave Us bad signals and made profit themselves we as a group of following lost as much as 28% in a month by following them on placing trades actually
Yes it is true there are many people that will give you bad signals when trading for as a trader we should be able to the chance to have to know when to buy and when to sell so that you will not lose while trading. Trading is actually very good that's if the person focuses on it
 
The first trade I ever made was on the profit side, which was what motivated me to fully go into trading. I invested more cash into forex trading without having any real idea of how it actually works, I ended up loosing all the money I invested. Trading requires a level of skills and understanding before one should venture into it.
 
My first trade was a total loss, although it was a demo account. I registered with a broker and I was given demo funds to test out, everything went south. That was what made me think twice about forex trading, it's just not for me. I have sought out other ways I can earn online, forex and cryptocurrency trading is just not my way.
 
You made the right decision actually , forex , and number of high risk businesses are only suitable for companies that take a margin from your deal and just like a normal service they have their money from both the sides so in the end it is always the users that get in loss or make something

So better stay away from such things and do freelancing or else things that can make you revenue and can give you success actually .
That is what I thought too and led me to the decision I made. If I was making the same decision with real money the way I made with the demo account, I will just start crying. Do to avoid stories that touch the heart I found something else I know win good at that I can focus on. Once you know you abilities in life, things become easier.
 
My first trade is a loss as well , like many other traders. I invested less amount , somewhere like $10 or even less than that , and I remember losing 50% of it in a week or so , i went for long term trading which didn't suit me. From then on , I am busy finding short term trading strategies like chart reading and insider news about the market to earn wisely from stick market trading.
 

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