MY ACHIEVEMENT IN FOREX TRADING VS CRYPTOCURRENCYS
I got know about forex trading in 2007 that was when I just passed out of secondary school,I was still very young by then,I got to know forex through one my dad's friend.first he introduced it to my dad and my dad decided that he should be teaching me instead of me staying at home because I was awaiting my results by then.
I got started with him and he started teaching me on how forex works.i can say that forex on its own is a school because it seems to be very elaborate and somehow complex aswell.while he was teaching me I find it so interesting and fascinating because I thought it could be a way for me to make money with ease.He actually tried his best in making me to understand the basics of forex and the technical aspect of it.it was very interesting theoretically but experimentally it was not funny at all.i got to master everything about from raging from the basics down to the use of indicators in determining the market.my best indicator way back then was the moving average and bollingar bands.why I like them was because of their simplicity.
I started practicing with the demo account for like a month or two .then one day I decided to go life trading.initially I thought the way I was good with demo account will be the same with the life account but the reverse was the case.for those of us that have traded forex we know that currency pair is the major thing you trade in forex and that was what I concentrated on.my first trade was going well showing blue but didn't hit my take profit for several hours I watch the market taking the opposite direction of my trade,I was really scared so I decided to set my stop loss and eventually it hit my stop loss and I was at loss.
I decided to restrategize and went in again,this time around I made little profit but it was no way near to my loss so I was determined to make the money I lost back but I end up loosing everything.But I didn't still give up I went back to my demo to practice more and after three months I started life trading again but the story still remains the same,I end loosing a very good sum of money in forex.One thing I got to realize is that 90% of forex trader rarely make succeed .
But with cryptocurrency it has been very awesome for me because what i invested into forex that never yielded I didn't invest half of it in cryptos and they are already paying of massively.i only got to know cryptocurrency few years ago and my achievement in cryptos has has been very wonderful.
source The simplicity of cryptocurrency makes it very interesting compare to forex trading that has a lot of complex rules,I can say that cryptocurrencys has pay more people than forex despite forex been older than cryptocurrencys with many years
Investment in cryptocurrencys give you assurance of return all you need is patience but the same can not be said of forex trading as many factors even the slightest mistake could jeopardize your trade. I am really grateful and elated that I know cryptocurrency although not too early but at the same time it's not too late because the level it has taking me to is something I never imagined.
