It was summer of 2014 when I decided to learn about Forex and opened up my first demo account via FXCM. Never had prior experience with analyzing charts and it was a new experience learning the macroeconomics behind the charts. I started off as a scalper, then grew into a swing trader. In the efforts to find my holy grail I began adventuring off and decided the best way was to get my feet wet and learn through trial and error. Traded from timeframes from 1m to 1 day, ventured off trading in different market openings (Sometimes as early as 2 a.m for Euro opening), trading all sorts of pairs from the majors to minors, and even dealt with advanced harmonic trading.
A couple months passed and I slowly began to get a feel for this capricious market. Although I was certainly not a pro, I was finally turning those losses to breakeven or even profits. Even though I read all those comments on how it takes about 1-2 years of trading to see minor results, I knew I needed to go live to take my trading to a new level and progress. On October 1st, my birthday, I turned 20 and wanted to do something significant. I allocated $2,000 from my savings and opened up my first Live account on October 15.
Unfortunately, from October 15 to today, I saw my net worth range and even dip to -50%. My worst day was about a $300 loss on a NFP news release on November 7th. I was still growing as a trader and one thing I had to learn while trading live was dealing with human psychology. Although I had a rough start on my first live account, I still have no regrets. Even with a loss of about $1,000 I gained so much knowledge than I would have on my demo account.
Now, I still consider myself a semi-amatuer trader however, I learned a whole lot more from when I initially opened may account. Join me in my journey, my highs and lows, to ultimately become a successful forex day trader. My trades will be completely transparent win or lose. They say this “game” has a failure rate as high as 95%, let’s see how far I can push myself to the limits and may the odds be in my favor.