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Originally Posted by fxtrader01
I have been trading forex for more than 6 months now. My capital was borrowed money. As a novice, I didn't want to make mistakes. So I spent money on 4x Made easy software, Alert services, Charts, datafeed etc. Nothing really worked. Then started trading based on my own instints. That was a disaster. Now I am left with the last 1K.
I promised my wife to at least recover the initital capital and repay the loan. I am holding on to the last 1K left with me. If I loose this remaining capital, that is the end of my trading career. I don't think I can trade my own anymore. I need a simple system that would make a few pips gain every week/month. Can anyone suggest any system/platform/indicator/software that would help to achieve my goal?. I am not greedy, just want to recover the money lost.
Awaiting for the last chance advises from the experienced.
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Hello trader01,
Unfortunatly the best thing you can do is to stop trading. You know, a lot of people come to the Forex trading arena thinking it is easy to make money here, but you know, it isnt. It requires a lot of hard work, commitment, education, discipline, patience and this list could go to infinite.
I dont blame you though, there is a lot of bad publicity about the forex market on how easy is to trade and make money. But, is it really? Yes, it is easy to trade, anyone can do it, what is hard to do is to make consistent profits out of your trades.
But there is an important step before adventuring in any discipline, it is called RESEARCH or dilligence.
Anyway, I wish you good luck.
Regrads
Fxexcel
www.