Sunday, December 2, 2007


Let me begin with my little trading experience. My name is Hamdy I graduated from a community college with an associate degree in accounting. Soon after graduation I did bookkeeping for a mid-size merchandise wholesaler for about three years before I quit to be a 100% housewife. So beside some basic accounting training, I knew absolutely nothing about financial markets, especially forex trading.As I got bored staying at home all day, I started to trade forex with a deposit of $1,000 in my mini account, just for fun. At first I traded purely by intuition and managed to reached $1,980 in only two weeks. That pleased me a lot because I figured if that went on, I would be able to buy my dream house in no time! But as you may have guessed, my account balance dropped down to $200 only in a week, after a series of losing trades.Being a little depressed, I kept thinking about it. Forex trading was such an exciting game that fitted my life so well, but only if I won... ah, exactly, did I say "game"? Yes, it was more like gambling than any trading at all, because I had absolutely no idea how the market moved...Naturally, the first step I took was to buy a bunch of books about forex, hoping to find some wisdom in there. I read a few simple books, they were useless! None of them teach me how to trade forex! Then I tried looking at a few sophisticated ones... They got too technical! I told myself "Ghosh, do I need a college degree in finance to trade forex?" That doesn't make sense, because if it's true, then why wouldn't those "finance gurus" trade themselves to financial freedom? Why do they still have to work for somebody else for a fixed salary? FORGET ABOUT THE BOOKS!So after some research, I decided to subscribe to a forex signal service. To make it short, I lost another $1,000 of new deposit. Then I tried another signal service with another $3,000 of new deposit, believing that more fund would give me more time to recover my losses. Two weeks later, my account balance again dropped down to $280, out of total $5,000! Needless to say, I got so depressed that I decided not only to say "good bye forever" to this crazy game, but also not to think about it. I didn't even care to withdraw that remaining $280 from my mini account.Then about two months later, I happened to talk with a very good friend of mine, a great mentor in many aspects including financial matters. He (whom I would like to call the Master from here, just for fun, please excuse my choice of words) pointed out why I lost miserably and also gave me some invaluable advice. "Enlightened by the Master's teaching," I was able to do some research in that direction and compose this strategy to make my dream come true. I got back to my mini account and started using my new strategy. And like a magic, I managed to get a net gain of about $5,600 in just one and a half months (using only that remaining balance of $280).Needless to say, I was so happy that I kept smiling for a week! Well, as you may have figured, I made my first withdrawal of $10,000 when my account balance reached $60,000 and always keep $50,000 for trading. A happy-ending story: I bought my dream home and my dream car with my easily-earned money, and that was about two years ago...

1 comment:

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