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 I lost around $5 and then closed my account and withdrawn the amount.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

 

[a_jerobon]

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.

That is truly a very good thing to do as a trader. Writing down all your trades and their outcomes in a diary is a great way to book keep your trading. As we all know, bookkeeping is an important part of business and investment. It helps a lot in enabling you to make the right decisions in future. Also, you record your mistakes and so there is a high chance that you will not repeat them.

 

[Skysaint]

Of course, my first trade was actually a loss for me because bi wanted to teach myself about cryptocurrency so I had to do the investigations myself using my own money as bait just that I was very careful to invest q very little amount to it that did liquidate after some time but am grateful that it thought me the necessary things I needed to know about cryptocurrency.

 

[UGOBLESSED]

for me i have not started treading, am still using my Demo to tread for now but i believe the i will make good money anything i start in full.

 

[Yugocean]

for me i have not started treading, am still using my Demo to tread for now but i believe the i will make good money anything i start in full.

Then it is time, the most trusted rule of the market is " Buy The Dip", so when market is down, you have to start investing. However, you have to take your Demo experience. Invest in a limit and buy which you trust will bring you profit.
I invest in crypto, you may chose your

 

[MayorKayz]

My first trade was a success. I made profits because I did not just start trading after knowing or getting knowledge of forex. I also paid to learn from an expert and collected a strategy from him.
I later lose my money because I was greedy. Ever since then, I have learnt nit to be greedy in my trades

 

[Yugocean]

My first trade was a success. I made profits because I did not just start trading after knowing or getting knowledge of forex. I also paid to learn from an expert and collected a strategy from him.
I later lose my money because I was greedy. Ever since then, I have learnt nit to be greedy in my trades

That's the most important strategy - "Greed Is Enemy, Keep Distance"
Making money should be added with your efforts like hardwork, that makes a person successful.
Although I learned process, but with new Chang's, I keep myself updating, so I am still learning.

 

[Wisdom01]

my first trade was a loss , because then I was just gambling instead of trading , I accumulated more loss and I regret doing so , forex trade comes with great risk ,we should be aware of the risk involved ,not just hoping in and invest since we are newbies we should learn more properly before placing better trades

 

[MayorKayz]

That's the most important strategy - "Greed Is Enemy, Keep Distance"
Making money should be added with your efforts like hardwork, that makes a person successful.
Although I learned process, but with new Chang's, I keep myself updating, so I am still learning.

There is no one that knows everything. We keep on learning everyday.
I can say that I am ok with forex and cryptocurrency trading as I do make profit. But I still learn new tips always. Like two weeks ago, I went for a seminar on forex trade to learn more tips. The best way to be successful in life is to keep on learning.

 

[Yugocean]

There is no one that knows everything. We keep on learning everyday.
I can say that I am ok with forex and cryptocurrency trading as I do make profit. But I still learn new tips always. Like two weeks ago, I went for a seminar on forex trade to learn more tips. The best way to be successful in life is to keep on learning.

Well said, yeah time changes we have to keep ourselves updated. I have limited myself for some sort of trading for now, new learning is on line with a balance that goes like - whatever I am learning, I will use it, and not just leave, yet if I don't understand it, I will either learn more, or change, but never put a full stop.

 

[MayorKayz]

What does the word greed mean in the trading world?

Greedy is the normal greedy that you already know. When trading and someone is been greed, it means that maybe the person is already making a profit and he has gotten enough profit. So instead of him to close the trade and take the profit, he will continue thinking that more profit will come and at the end he will lose the trade.

 

[Yugocean]

Attempting shortcut for high gain is a shortcut to loss.

Strategies are developed with our experience, we all have different stories, some of us were successful, some were not. However, we don't loss anything till we don't do panic sale and the item don't become valueless.

 

[MayorKayz]

Attempting shortcut for high gain is a shortcut to loss.

Strategies are developed with our experience, we all have different stories, some of us were successful, some were not. However, we don't loss anything till we don't do panic sale and the item don't become valueless.

There is no shortcut on earning high gain in forex , like you have said it will always bring high lost to our trades.

So it is better we still to the profit that each startegy that we use gives us. There are some startegy that works with small pip while some with high pip. So we need to only go with the strategy so that we will not lose our investment

 

[Skysaint]

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.

I guess you started trading cryptocurrency just this year and you should really be grateful because this very dip has been going on since last year's ending just that the recent one that happened was just too severe and drastic.
I was a newbie without guides when I started trading cryptocurrency and so I probably made more losses then than I made success but things changed as I learned and relearned.

 

[Yugocean]

I guess you started trading cryptocurrency just this year and you should really be grateful because this very dip has been going on since last year's ending just that the recent one that happened was just too severe and drastic.
I was a newbie without guides when I started trading cryptocurrency and so I probably made more losses then than I made success but things changed as I learned and relearned.

Your guess is wrong, I started spot trading in 2020 during lockdown.

I learned spot trading in Video Webinar at Binance, and also studied articles related to it.

This year I am 70% loss, previous to this it was 50% loss in 2021, but I don't remember the first trade that happened in 2020.

 

[Skysaint]

Your guess is wrong, I started spot trading in 2020 during lockdown.

I learned spot trading in Video Webinar at Binance, and also studied articles related to it.

This year I am 70% loss, previous to this it was 50% loss in 2021, but I don't remember the first trade that happened in 2020.

If that was actually the case then it is right to say that you started all these cryptocurrency thing before I do because u can remember that I started trading actively in the cryptocurrency market in the year 2021 and then I was making losses as a normal newbie should anyway and then I mastered my trade and was doing well before thus whole dip thing started ending of last year.

 

[Yugocean]

Before I started spot trading, I also did swap conversion, that was anyway mostly in loss, and I understood it later. Swap was easy, therefore I did not tried to learn it till I understood it with experience. And when I video learned Spot, I waited for weeks before starting it, yet I do not remember the paur of my first trade.

 

[a_jerobon]

Of course, my first trade was actually a loss for me because bi wanted to teach myself about cryptocurrency so I had to do the investigations myself using my own money as bait just that I was very careful to invest q very little amount to it that did liquidate after some time but am grateful that it thought me the necessary things I needed to know about cryptocurrency.

That is great for your because you invested only a small amount that you could afford to loose. That is something that most newbies fail to do. They end up losing so much money that they did not really plan to loose. It is great that you took a chance of investing a small amount at first in order to learn about the cryptocurrencies. I hope you achieved your goal.

 

[Yugocean]

In trading we also learn how to make loss and how to make profit. You can't go on a loss unless you sell your assets at low value. We can do this mistake while learning, because then the red and green candles have to be understood.
I was already aware of these candles as I started understanding it in stock. Yet crypto was a new experience.

 

[Ofonime]

Probably for someone like me my first trade was in loss I lost alot of money here there was a time I was even asking myself if I can trade very well.

But rather I see that as been something which dose not cost me alot.

When I first started I trade through the demo account the demo account is the right thing anyone can start with I make series of analysis but at initial stage I fail.

So I have to organize myself and start trading again.

I latar seek the help of a mentor when that person start training me I was able to see that I now gain something good and able to trade very well..

 

[Ridorz]

I started trading two and half years ago, and my first trading discouraged me because I lose almost %56 of my money, I stop trading for like two months before I started again and I gained %35 profits since then I got courage to keep trading. Though, I get closed to an experienced person who teaches me more about it.