My Forex Trading Experience

I started forex trading about 7 years ago, but till date, I have not lost my first deposit like other major forex traders. After 3 months of trading, I decided to stop trading on real account and develop automatic trading system. According to me,manual trading are only for those traders who have a strong nervous system.

I was fortunate to find a mql4 programmer from one popular forum, he developed my first forex robot based on multitimeframe RVI indicator. Robot analyzed nonstandard timeframes, and for this reason it was very unstable. I did hundreds backtest and all backtest was different. We have made about 20 modifications, but my robot was still unstable and for this reason ,I was unable to use it on my real account.

I spent about $9000 and 2 years, before I have received my own fully automated trading strategy. This strategy was based on RVI & channels and was very profitable, but unfortunately brokers decided to increase the spreads for eurgbp and I had to threw my robot into the trash. My tactic now  analyze monitoring websites and find profitable system. Not grider, not martingale, with sl and tp and with real account proof. If its sound interesting for you, then you can read the description on how to analyze monitoring websites here:

http://www.scribd.com/doc/127495979/Best-Forex-Robot.

Next step for any forex trader - launch forex money management service or forex signal service, if you would like to constantly make money. It is not too difficult, if you have a stable earning forex robot or several robots. I also recommend you to read these two articles:

http://www.scribd.com/doc/121977141/...s-Launch-Guide
http://www.scribd.com/doc/127946190/...t-Risk-Control

First one is describing how to launch forex signal selling and money management business. Second, how to copy trades from 3d party accounts and risk control.

Good sharing... Forex welcomes all those who want to try their luck. To start Forex trading you need to find a broker that would meet your requirements, open an account and make an initial deposit.
We need to be patient and have realistic expectations about the Forex market, Forex trading is not a get rich quick opportunity.

I am very new in the Forex world. I got a lot of questions. Some sounds so obvious...

Well, there is no stupid questions, for sure, but some are more than others sometimes.

I also read all those bad and good reviews. Opinions from different directions. And with a half-million brokers around the place all claiming being the best but all pointed as scammers (indeed from people making a lot of money), it is hard to know where to go or just where to start.

I spent a couple of weeks getting the bases of Forex. Eventually opened a demo account and made few fake coins. I am in the self-decision-making process to open a micro-account and see how it feels trading with my money, but still taking as low as possible risks than with standard lots or even mini-lots.

Today, I created a blog and posted my very first message.

The only intention is to share with anyone interested impressions from a grand-beginner, to know how it feels to start Forex... What I am going to do decide, my mistakes and successes.

This is my little and very humble initiative. I will only tell a daily journal in the Forex. I intend it to be a human shared experience, nothing else.

Here is the link: forexbeginnersjournal.blogspot.com

Note: since it is my first message, I cannot use the link option. If an admin could check it is not a spam and either let me link or add the link for me ? If not possible no problem, I understand.

Any comment or interest welcomed,

I started forex trading about 2 years ago, but till date, I have not lost my first deposit like other major forex traders. After 3 months of trading, I decided to stop trading on real account and develop automatic trading system. According to me,manual trading are only for those traders who have a strong nervous system.

There are only three (3) areas to master in trading:
(1) Knowing Ourselves (psychological)
(2) Knowing What To Do, and
(3) Doing What You Know.