|Good day trader
With a lot of traders opening accounts daily with the hopes of making it big in the market only a few end up with the bag .Now although the opportunity exists its not possible that everyone with some B#$%ls to open a brokerage account will make money but the ones that are “lucky ” enough to become consistent winners are obviously doing something right.
The story of this trader started in 2008 after seeing a broker ad on forex trading on the internet .Frustrated with his job and the time he spent at the office versus the time he spent with his family Greg,not his real name,put in his details and later that day got a call from his broker who convinced him to open a trading account on the premise that he would get trading recommendation about where to buy and sell .
After a deposit of 5000 AUD which is around R 52 500 and from there Greg was officially a trader or so he tought .Within the week he had s few good signals from his broker which made him over 7500 AUD which is R 78 700 armed with this reassuring confidence from these unbelievable gains Greg was ready to start writing his resignation letter .
Greg obviously would’ve said around this time that “Why didn’t I think about get into this forex trading thing earlier” now as you would expect things didnt go according as planned and over the next few weeks Greg learnt that trading very simple but not that easy as his account dwindled down from a peak of 18 000 AUD he did something that a lot of traders would have done in that situation far from being a loser Greg took a huge risk and what he did will be explained in detail in the next blog so look out for that tomorrow