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[Razor1911]

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 I lost around $5 and then closed my account and withdrawn the amount.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.

 

[Rubee]

I haven't invested in forex trading myself. Forex trading involves a lot of risk which I'm not willing to take. My dad invested in forex trading though and it was a loss. I've never seen him more devasted than he was that day.

 

[infinitytech]

Your, first trade can be profitable only if you have experienced person with you. Else it's obvious that you will make mistakes on your first trade and result in loss in it. It's important that you make the journey with learning.

 

[Ofonime]

Your, first trade can be profitable only if you have experienced person with you. Else it's obvious that you will make mistakes on your first trade and result in loss in it. It's important that you make the journey with learning.

In my first trade I loss alot of money its not always easy to make profit with your first trade its hard for that to come by infact I loss about 89pips in a day when I started trading thou back then the price of usd was 350/$ so I never regreat that because its enable me to reenforce myself with so many learning and return back to trade and make money.

I hire someone who presented a webinar every friday and pay him for that after gaining the quality skills I needed I was able to make 45pips in my second trade latar recover my loss
89pips

 

[ektalakra]

I have never tried trading. Yes, I read about it and like to collect information about it because I find it interesting, but I would never like to be part of trading. I have heard of gaining money from it, but I have also heard people losing everything they had because of it. I don't have extra to lose, well I don't have enough to pay all my bills. Trading is not for everyone and it is quite risky.

 

[Ofonime]

I have never tried trading. Yes, I read about it and like to collect information about it because I find it interesting, but I would never like to be part of trading. I have heard of gaining money from it, but I have also heard people losing everything they had because of it. I don't have extra to lose, well I don't have enough to pay all my bills. Trading is not for everyone and it is quite risky.

If you are not a forex trader I wont even advice you to post in this section because all discussion been carriedout here is from our trading experience,well since the forum is not against this you say you only love reading information about forex but never dream to trade well you can share your experience here.

For me my first trade with liteforex was loss,despite the fact that I only loss 12pips in my micro account,that wasnt the issue the issue was that I have to learn to control those loss and turn some of my loss to profit thou its take me alot of time.

 

[infinitytech]

If you are not a forex trader I wont even advice you to post in this section because all discussion been carriedout here is from our trading experience,well since the forum is not against this you say you only love reading information about forex but never dream to trade well you can share your experience here.

For me my first trade with liteforex was loss,despite the fact that I only loss 12pips in my micro account,that wasnt the issue the issue was that I have to learn to control those loss and turn some of my loss to profit thou its take me alot of time.

I've never attempted trading before. Yes, I read about it and enjoy gathering information about it since it fascinates me, but I would never want to participate in trading. I've heard of people making money off of it, but I've also heard of people losing all they had. I don't have any additional money to lose; in fact, I don't have enough to cover all of my expenses. Trading is not for everyone, and it is quite dangerous.

 

[BullyMaguire]

It was a profit. I used about 200 dollars and made about 3-4 usd. It feels great already because it only took a few minutes. I thought this was so easy then loss a couple more trades after that. Learned that greed isn't good i should only trade after some research.

 

[Ofonime]

It was a profit. I used about 200 dollars and made about 3-4 usd. It feels great already because it only took a few minutes. I thought this was so easy then loss a couple more trades after that. Learned that greed isn't good i should only trade after some research.

how come about that was it by luck or you really make and excecute the order yourself or its seems as if you already have the knowledge and skills on how to trade before you venture into the business of forex.

Learning is the first thing which you should embrass when starting for me the reason why I get margine call is through lack of experience from my first trade,but latar I was able to recover the loss pips and money through Hedging I think that learn me alot of lesson.

 

[infinitytech]

how come about that was it by luck or you really make and excecute the order yourself or its seems as if you already have the knowledge and skills on how to trade before you venture into the business of forex.

Learning is the first thing which you should embrass when starting for me the reason why I get margine call is through lack of experience from my first trade,but latar I was able to recover the loss pips and money through Hedging I think that learn me alot of lesson.

It was a win-win situation. I invested a significant amount of money and generated a profit of roughly 2% to 3% per trade. Because it only took a few minutes, it already feels amazing. I thought this was going to be simple, but I ended up losing a few more trades. I've learned that greed is bad and that I should only trade after conducting research.

 

[BullyMaguire]

how come about that was it by luck or you really make and excecute the order yourself or its seems as if you already have the knowledge and skills on how to trade before you venture into the business of forex.

Learning is the first thing which you should embrass when starting for me the reason why I get margine call is through lack of experience from my first trade,but latar I was able to recover the loss pips and money through Hedging I think that learn me alot of lesson.

It was luck.. i was just testing at first of course i did some research but that doesn't really help when i still haven't trade for real yet. And i can say that the first few trades i did. Win or lose it did Provide me a very valuable lesson and the feeling is different when you're taking the risk it makes me be more careful

 

[Niftyicon]

The enthusiasm you feel when making your first trade with small amount and ending up in profits has a way of suffering quick death when a loss hits you. That was my exact experience when I ventured into forex. Presently, I have no inclination whatsoever to trade Forex again, at least not for now.

 

[infinitytech]

It was luck.. i was just testing at first of course i did some research but that doesn't really help when i still haven't trade for real yet. And i can say that the first few trades i did. Win or lose it did Provide me a very valuable lesson and the feeling is different when you're taking the risk it makes me be more careful

When you make your first transaction with a modest amount of money and make a profit, your enthusiasm can quickly die when you lose money. When I first started trading forex, I had a similar experience. At the moment, I have no desire to trade Forex again, at least not for the time being.

 

[Ofonime]

I've never attempted trading before. Yes, I read about it and enjoy gathering information about it since it fascinates me, but I would never want to participate in trading. I've heard of people making money off of it, but I've also heard of people losing all they had. I don't have any additional money to lose; in fact, I don't have enough to cover all of my expenses. Trading is not for everyone, and it is quite dangerous.

Even this your post seems to be a bit low quality because you are not a forex trader I will advice you to post in other section,well since you read books regards the financial market and how its works then you should continue posting but learn how to trade as well.
Well come to think of it I beleive that its not always possible to record your first trade as been in profit that wont be much possible because I can remember when I started forex trading I end up in profit but latar loss everything I beleive that my first trade was on luck,but latar still recover the money.

 

[infinitytech]

The enthusiasm you feel when making your first trade with small amount and ending up in profits has a way of suffering quick death when a loss hits you. That was my exact experience when I ventured into forex. Presently, I have no inclination whatsoever to trade Forex again, at least not for now.

And I can say that the first few trades I made were successful. It happened whether you won or lost. Provided me with a really valuable lesson, and the emotion is different when you're taking a risk, which causes me to be more cautious. Since you've studied books about the financial market and how it operates, you should keep posting while also learning how to trade.

 

[Yugocean]

I simply don't remember if my first trade was a profit or a loss, I remember both sale in profit and panic sale. But then there are many ups and downs that happened, and I was going into profit till this crash appeared.
Those trades gave me experience and understanding, I don't do panic sale now, it is profit or nothing, unless some expectations need to change it.

 

[a_jerobon]

The enthusiasm you feel when making your first trade with small amount and ending up in profits has a way of suffering quick death when a loss hits you. That was my exact experience when I ventured into forex. Presently, I have no inclination whatsoever to trade Forex again, at least not for now.

It is so devastating indeed to make losses when you are just starting out into the forex trading. I can only imagine how discouraged you felt. It is great for you to take sometimes out of the forex market so that you can figure out what went wrong. Then work hard at improving your skills, when you go back to trading, you might do better.

 

[Ofonime]

I simply don't remember if my first trade was a profit or a loss, I remember both sale in profit and panic sale. But then there are many ups and downs that happened, and I was going into profit till this crash appeared.
Those trades gave me experience and understanding, I don't do panic sale now, it is profit or nothing, unless some expectations need to change it.

That is why I always say and advice that you keep your trading records starting from now.

Its always hard to beleive that someone that started forex lets say 18years ago will still remember how his or her first trade goes.

So I think that for someone like me I will advice that you keep track records of all your trade maybe someday you may fall back to it for reveiw.

But for someone like me I think that my first trade was in loss but later make something more than what I loss.

 

[Yugocean]

@Ofonime You are right, I should keep a record, that will make me understand my loss and gain, and how I did, it will help in written experience.

Now I have to make a diary in which I will record all trades, including the swap, which is used where trade feature is not available.

 

[Ofonime]

@Ofonime You are right, I should keep a record, that will make me understand my loss and gain, and how I did, it will help in written experience.

Now I have to make a diary in which I will record all trades, including the swap, which is used where trade feature is not available.

I strickly know about this I beleive that the best way to handle this issue is for you to have a dairy which you document all your trade its a memory if you dont know,
I have started keeping records for all my trade and I beleive in the future if am ask which and how my trade was when I first started I think that I can give clear records for that.

For me the first trade I take was loss then latar massive gain.

 

[Yugocean]

I strickly know about this I beleive that the best way to handle this issue is for you to have a dairy which you document all your trade its a memory if you dont know,
I have started keeping records for all my trade and I beleive in the future if am ask which and how my trade was when I first started I think that I can give clear records for that.

For me the first trade I take was loss then latar massive gain.

Good habit, which crypto you traded first and how you determined it was a loss?
It take time to understand if we have a gain or a loss (when you are actually new). Fir example I did an unintentional trade of Dogecoin to Tron 2 years ago, at the time it was a gain, but then Doge price increased, and I found I lost hundreds of dollars for going towards TRX.