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Successfully earned 10,000 US dollars through foreign exchange! (12)

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By chance, I learned about foreign exchange and cryptocurrency.
Each of us and my friend invested 10,000 US dollars in it.
I chose the foreign exchange market, my friend chose to encrypt money.


So far I have earned $ 10,000 and my friend has lost nearly $ 10,000. He continues to wait for BTC to rise.


Let me talk about my investment process:
1. I chose a forex dealer, first invested 1000 dollars try to make money through GBP / USD, of course, while also watching the EUR / USD data;
2. I chose to trade in the volatile foreign exchange market for a period of time, for example, Beijing time between 3 pm to 5 pm;
3. I chose 200 times the leverage, so much leverage means that the principal can be expanded to make larger trading, but also means that once the risk is higher, it will be in a very short period of time My loss of 1000 dollars finished;


So, I planned my operation very well, judging my buying and selling decisions by observing the 5-minute Japanese candlesticks and KDJ and MACD;


1 week time, I got the following data:


I recharged $ 999.87 and earned $ 676.
I took a profit of $ 657 and bought myself an Xbox One-s as a bonus.


Nearly a week, I operated on average twice a day trading profits of about 100 US dollars a day. Not a lot, because I usually have a lot of things to deal with, I'm still investing in Shopify, and I usually manage and optimize Facebook ads. So, there is not much time to manage Forex trading.


But after a careful calculation, I am over 65% ROI in foreign exchange transactions, think about still very excited.
So, I made a bold decision, and I decided to keep investing $ 9,000 so that there was a balance of $ 10,000 in my forex trading system. I decided to try again for a week.

As shown, I am in the February 6 to February 9, the transaction records:


After I continued to invest $ 9,000, the balance reached $ 10,000.
I used this $ 10,000 and made 2 or 3 trades a day, earning $ 9,400 in less than a week. The ROI is over 94%, and I think the investment of $ 10,000 for me may be a little bit too much, so I spend more time and energy on it to get a higher return.

Then, I made an important decision, all the profits extracted, deposited in bank accounts.


I plan to keep a balance of $ 10,000 in the foreign exchange market and take a look whenever it is available, as I may earn $ 1,000 to $ 2,000 for every subsequent trade.

After two weeks of testing, I almost earned nearly $ 10,000.


Then I summed it up:
1. I'm not looking forward to earning a lot of money right away, so my attitude is good. If I earn I will be very happy, if the loss does not matter;
2. I calm and sensible in the transaction process to make decisions, each time before buying and selling, I have made reference to a lot of data and technical indicators, do not impulse to make a decision;
3. Forex trading is tradable 24 hours a day, but I spend only 2 to 3 hours per day looking at a period of relatively volatile data, because making money is usually only 5 to 30 minutes after I make a decision;
4. I put the risk under control because I have done a complete analysis of trading volume, trading hours, and trading trends.


In fact, no matter what you do, you can always make money wisely by thoughtful consideration.

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Yikes ...

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It's very hard to constantly earn money with forex. It's a zero sum game... that's why I'd prefer Stocks or Crypto.
Maybe you were just lucky? Don't invest more than 2% of your funds per trade.

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I've always taken the view that the best and most consistent way to make money in forex is ... to own a forex company.

There is a reason why companies like CMC, Plus 500 and IG all have net margins of almost 40% (!) and are worth more than to $3 billion https://finance.google.com/finance?q=LON:IGG and can afford to pay affiliates $300+ per new account.

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200x leverage... this is straight gambling.

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You have zero shot long term to be profitable, dead zero.

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Sounds to me like gambling .

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Congrats, but i'd prefer affiliate marketing, lol

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Between forex and crypto, forex is most certainly the lesser of two evils.

Still its both high volatility gambling. Definitely not investing.

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I learned my lesson the hard way in Forex and Binary! A very high-risk market but obviously worked for some ppl!

I would rather put my money in the Affiliate Marketing now

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That's why you gotta kick it up a notch and instead of doing forex or trading crypto you should short/long crypto with a 100x margin Best of both worlds

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wow... it's too risky

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