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 I lost around $5 and then closed my account and withdrawn the amount.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

 

[Ofonime]

Its always hard to make profit with your first trade because you need to consider that at first you will need knowledge and skills to trade when you dont have the knowledge and the skills its going to be a bit hard for you to trade and make profit with your first trade.

For someone like me I trade and make profit so for this aspect my first trade was in loss but after sometime I have to trade again and start making profit from the forex market so constant practice and training is what that really matters the most.

 

[Skysaint]

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.

Then, I was not even trading to make money but to learn how the market works and how to carry out the basics things about trading cryptocurrency. It's more like u knew that I would be running at a loss at that stage but I got better and better and I was good enough that I had to invest more to it and that was how my trading journey began.
If I had a mentor, I believe I wouldn't have gone through all that rigorous processes.

 

[rush08]

Actually when I started my forex trading some years back I know I was not going to make profits at the beginning so I took some minimal risks
I was not really ready to risk much of my capital. So the lot size was the smallest.
So I really lost some money at the beginning of my forex trading....

 

[Ben Kempton]

Actually when I started my forex trading some years back I know I was not going to make profits at the beginning so I took some minimal risks
I was not really ready to risk much of my capital. So the lot size was the smallest.
So I really lost some money at the beginning of my forex trading....

Well, the same thing happened to me. I thought that the pattern of trading analysis is fixed and I shall make money nonetheless. I placed an order and went to bed leaving all of my trades open. I never invested a big amount of money, however, I still lost a huge sum of money at that time. So, mistakes are inevitable.

 

[Ofonime]

The very first trade I made was in loss and at the same time I think I latar recover some of the loss but I loss so much at first consider that back then I was a newbie I did not know how to combine indicators when I use some indicators they give me clear signal on how to enteer the market but didnt know it was fake signal so I rush in start trading and at the end of the day I encounter some huge loss.

So I think that my first trade was in loss

 

[Ben Kempton]

The very first trade I made was in loss and at the same time I think I latar recover some of the loss but I loss so much at first consider that back then I was a newbie I did not know how to combine indicators when I use some indicators they give me clear signal on how to enteer the market but didnt know it was fake signal so I rush in start trading and at the end of the day I encounter some huge loss.

So I think that my first trade was in loss

I think that analysing the indicators is very crucial. I can help you with that. You can learn more about the Bollinger Bands Indicator at Earn Forex website. They have many guides regarding basic information and techniques about learning how to utilise such kind of indicators to your advantage. However, you must combine many other indicators along with this one to produce awesome results.

 

[rush08]

I was not very fortunate in my first trade as a new forex trader, I recorded several losses.
Though I expected them and did not have any bad feeling.
After those several losses I have to back to my demo trading account to restrategize and try to mend some of the errors and mistakes I made in the course of the trade...

 

[btaliat]

My first trade was done by my best friend that is an expert in trading, and if course I won. However I lost when I tried to try trading myself. Ever since then, I have been learning different strategies to reduce my chance of losing in trading.

 

[Meklo]

Well I am still a beginner trying to learn and know more about forex trading so I have not gone far to invest or to trade on forex trading except using my demo account, I was given to learn how to be trading and whatever is in the demo account is free and mostly I do trade using it but do make losses which usually get me discourage in learning forex trading.

 

[Gen Evie]

My first trade was with someone who is well into the system, not that an expert but has made quite some papers in it, and because of that i had to allow him assist me, for as long as it'll take me to learn. I made quite small profits and a bit of loss in my first week and i was happy. Forex is ok when you're making some gains.

 

[rush08]

My first trade in forex was lose, though I was not really very excited because I was actually thinking I was going to make profits.
I thought I did all I had to do but it was not very successful.
It made me to go back to my demo trading account and practice more before I came back for trading....

 

[btaliat]

@Ridorz, that is what I have realized. In trading, wining always motivate traders to keep going. That's why it is better to start with winning. A trader may forever hate a scheme that makes him lose for the first time if care and encouragement is not done to such a trader.

 

[rush08]

Everyone going into forex trading should not be scared of loses. Anyone who is afraid of losing money in trading has to ask questions about forex trading. There nobody that trades forex that has not lost some money. Many has lost thousands of dollars and it never deter them from trading because they know it is a goldmine..

 

[Ben Kempton]

I was not very fortunate in my first trade as a new forex trader, I recorded several losses.
Though I expected them and did not have any bad feeling.
After those several losses I have to back to my demo trading account to restrategize and try to mend some of the errors and mistakes I made in the course of the trade...

Majority of the traders are not that successful when it comes to trading for the first time until or unless the market flow favours them and they manage to make profits. many traders might make profits initially and they may think that they have gained gains due to their skills when the fact of the matter is that this might not be the case at all.

 

[rush08]

Majority of the traders are not that successful when it comes to trading for the first time until or unless the market flow favours them and they manage to make profits. many traders might make profits initially and they may think that they have gained gains due to their skills when the fact of the matter is that this might not be the case at all.

Though in forex trading no one is expected to get them right all the time. Sometimes it comes out good and sometimes it goes bad.
Many newbies find themselves on the latter,
When I started I did not get a win . Though I took it as a learning process and it did not take time before I picked up....

 

[Ben Kempton]

Though in forex trading no one is expected to get them right all the time. Sometimes it comes out good and sometimes it goes bad.
Many newbies find themselves on the latter,
When I started I did not get a win . Though I took it as a learning process and it did not take time before I picked up....

Sometimes, the circumstances and the conditions also do not favour the traders. For example, the recent conflict between Russia and Ukraine caused much loss to many Forex traders who were dealing in the Russian Rubble, as the value of Russian Rubble declined at a massive pace. However, new investors might have benefited.

 

[rush08]

I have always trade Forex using the demo trading account but have never trade with live account but I trade crypto a lot and my first trade in crypto was a profit for me and that was what actually inspire me to stick to crypto trading till today.
I find it very easy to trade crypto and even if am making a loss I can leave my investment there till when the price will bounce back again.

So how far have you gone with your cryptocurrency trading since you made profits in your first trade. You are very lucky because most newbies who are into forex trading usually record losses at their initial trading experience
Unlike myself it was not a good experience for me when I started trading in the financial markets....

 

[TAH123]

As far as I remember I made a loss on my first trade. You know it's pretty normal to make losses at the beginning as you don't have much knowledge of it. So, I heard about trading from on of my friends and he told some basics about it and I found it kinda interesting. And when I started I didn't understand anything and I was super nervous and afraid. As a result, I made a loss. Then I started some research and after some trades, I actually started to make some profit.

 

[rush08]

As far as I remember I made a loss on my first trade. You know it's pretty normal to make losses at the beginning as you don't have much knowledge of it. So, I heard about trading from on of my friends and he told some basics about it and I found it kinda interesting. And when I started I didn't understand anything and I was super nervous and afraid. As a result, I made a loss. Then I started some research and after some trades, I actually started to make some profit.

It is always expected that most newbies will make losses in their first trade. This is due to several factors that limits against them.
But with time, they begin to understand so many things and start to pick up some experience.
Personally, I know I made losses as I begin my forex trading.
But it never made me to give up...

 

[Richee84]

My first trading experience was in 2017, I invested in bitcion and one other coin then and before the next two days I discover my coin have grow in value. This really make me happy and since then i have been trading.
My first attempt to trade gave me profit which encourage me to invest more into trading.