An individual forex trader survives in tough environment, trying to stand against huge market. I recall 'The old man and the sea' by Ernest Hemingway. Remember an old man in a small boat in the middle of the ocean trying to catch a fish and feed himself and his family. He catches a fish, but it appears so big and he faces troubles to get it out and bring it to the shore. At the end of the story he hardly survives, coming back to the home with a broken boat, woundes and almost nothing as a catch.
Sounds familiar, isn't it?
Just imagine, you fight against a market with daily trading volume of around $4.7 trillion. Even if you have an account balance $100K and your leverage is 100:1, you are still very small piece of food to be swallowed by deep ocean sharks. They would not even notice the fact that you appeared in their stomach.
I remember myself when I just started. I was like a blind kitty in a dark room. No clue about the reasons why the prices moved in this or that direction. No information about the volume of trades in this particular hour or day. So many market traps around...
I started to gather information by small pieces, bit by bit. At some point I found an analysis agency for professional traders. This company brought a ray of light to the dark room. They provide deep analysis. They have several technical indicators, modified and developed by their own team. They used to work with individual traders in the past, but now they deal only with institutional investors and big trusted brokers. One of the brokers, providing free Trading Central services to their clients, is GKFX, based in UK and regulated heavily by Financial Conduct Authority.
What I realize, looking at the past, is that you're alive until you discover something new and keep learning. No matter, how much expereince do you have, or how much money you made in the past. Past performance does not guarantee future results. Let the profit be with us!
____________________________________________________________
If you are interested to get more analysis, trade signals, consulting or coaching please contact author:
email: lucas.tyler.ssfx@gmail.com
No comments:
Post a Comment