Someone want to share his experiences with you. Don’t puzzle yourself that Whether the experience is good or bad , just gain something new. There are many thing on Forex market, but my focus is on Spot Forex. Main difference between Spot Forex and Future Forex is that the Spot is traded over the counter and Future is traded in Exchanges.
Spot trading gives me access to 24-hours trading, so i enjoyed it. With round-the-clock trading a person in any time-zone can trade Spot Forex at any time. Best decision of my career was to trade Forex full-Time and it gave emotional and financial satisfaction, tough my initial experience was not quite good.
The Start Of Trading
When I started trading in Forex market, I read some books and some articles for my knowledge and understanding the Market procedure. Then for the first year or so, I started with my demo account and learned many aspects of the game. Then I decided to check my luck by putting the real eggs in the basket.
The breakthrough came when I incorporated fundamental and sentiment analysis into my predominantly technical-based analysis. When I started my luck was not going in right direction and I was losing everyday. Thus my earning graph was dropping day by day. I did not have any one to consult me, and there was no one who guided me toward success. It was I who didn’t gave up and tried to learn more and more. Finally, I learnt how to profit from it.
Forex markets are the places that can make you rich over night, there are huge earning opportunities present in Forex market and the reason is its volatility. But it also exposes you to greater risk of losing money. But the satisfactory point is you can minimize some of these loses by immediately reacting according to situation. Now the quality of successful Forex trader is that he anticipates his mistakes in time and gives himself chances to learn more and more.
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