My Forex Trading Journey

My forex trading journey

I will share my experience in the Forex market.

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I hope my story will raise spirits of other traders.

Start of Journey: Demo Account

I came to Forex trading in 2007. I surfed the Internet in search of the valuable information related to this business. Then I started learning the basics of trading from the website.

My forex trading journey

At that time, I tried to study Forex by myself without anybody’s help so, it was quite difficult to catch the main point at the beginning. I went on learning and then, step by step, I began to understand the foreign exchange principles.

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I tried demo account trading, using the Java platform from a broker. Demo trading experience was very interesting and useful, there was so much passion in it. However, I could not understand the technical and fundamental analysis well enough.

Forex Journey: Real Account

In early 2008, I tried real money trading with $ 300 in a live account.

A journey to mastery

Beginners are always lucky – I made $ 126 of profit so, my account balance grew to $ 426. After that a bitter incident occurred, which caused so much loss. Only $ 170 remained in the end.

I was pessimistic about this business and gave up a few times. Some times later, I added funds of $ 2,000 from the proceeds of the loan in the hope of making more profit.

Forex Trading

However, I was broken psychologically so, my  performance was not good. Furthermore, to avoid things getting worse, I withdrew all the funds from my trading account.

Later there followed a few months’ break of my trading activity. However, I was still in the spirit of learning forex trading. At that time I believed I could achieve success.

My Forex Trading Journey | How I Succeeded

In mid-2008, I made a deposit of $ 300 with my own money in FXOpen. I made some trades and got profit of about $ 26. I withdrew the profit then. Furthermore, I was pretty much back to experience losses. I gave up and grew pessimistic again.

At that time I had a friend who was successful in forex trading.

My forex trading journey

I asked him to manage my account. And I was greatly surprised to make about $ 900 of profit from just $ 75. The profit made was divided by two and then I got a ration of about $ 600. Up from that moment, I continued studying and was optimistic about my future success.

Toward the end of 2008, I didn’t become an expert in trading, although it was my big dream.

Then a friend of mine offered me a fixed profit of 21% per month.

My Forex Trading Journey: Understanding Foreign Exchange

I gave in and worked with him for a few months. In April 2009, that trader incurred great losses.

Forex Explained : My Forex Journey

He eventually stopped trading at all. Next time, I followed HYIP in the next few months and scam. So, I quitted the HYIP and focused on improving forex trading skills.

From the HYIP bankruptcy, of course, my money ran out, resulting in huge debts.

In fact, I didn’t have  good trading skills. What I gained was a long-lasting stress.

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However, I remained optimistic and finally I found a way out. I tried hard and kept fighting. At that time I was trading with only $ 15, which remained from the HYIP money.

I focused on the GBPUSD pair and gradually, step by step, I came to understanding of how to trade this currency pair. At the end of 2010, I managed to get some profit from my trading so, little by little I managed to pay the debt.

My Journey in Forex Trading

It lasted until 2012, because I used to have a lot of debt.

Then I became active in FXOpen. I reopened an account on June 6, 2011, as my previous account, created in 2008, was closed due to inactivity.

My forex trading journey

Starting from 2013, I have improved my trading skills. I have made great progress, especially with FXOpen ECN accounts, which are great. I hope, by the end of 2013 I will be able to achieve greater success.

On the basis of my long experience in Forex trading, I would like to share some advice:

  1. Fight for success, be passionate about trading from the very beginning and never give up;
  2. Be focused on what you want and learn from mistakes;
  3. Pray God to help you;
  4. Choose a good broker (I recommend FXOpen);
  5. Never despair.

That is my way into Forex.

Hope it will be useful.

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Thank you.

The article is written by Triyono and is participating in the Forex Article Contest in the category “Forex Success Story.” Good luck!

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