Definition of Success in Regulatory Forex
Success is about making a profit at the end of every month
I think that the definition of success in forex is different for everyone. For me, success was about making a profit at the end of every month. Even if only a little bit. The idea was not to break the bank but to have some more money coming in at the end of the month. So as far as I’m concerned – I’ve surpassed my own expectations.
I started reading about forex and realized the first and most important thing is to find a regulated broker, especially if you’re just starting out. Not only will a good broker help you when you’re not sure what to do, but they have to be regulated so you know you’re not being scammed or that your money might be used for illegal purposes.
So I found a broker called Tradingox.com. I decided to stay with them over other brokers because their site is so convenient and user-friendly, and they have all the investment options I could possibly need. On top of that, they have a great educational section full of valuable information, and I would only have to invest 250$ to start trading.
So I went through their entire educational section and felt ready to go within a couple of weeks.
“The services are fully regulated and secure. It maintains segregated client funds and strict supervision to ensure safety at all times. It offers negative balance protection and a wide variety of funding and withdrawal options with 0% commission on wire withdrawals.”
I was still not convinced that this was not beginners’ luck. The next month I remained cautiously optimistic and continued honing my investment strategy with careful deposits. I participated in the Tradingox Black Friday event because they were giving out new iPhones and I was planning on getting one anyway. They were giving them away to anyone who invested a certain sum. No contest – just an investment. All I had to do was invest a little more than what I would have spent on a new iPhone anyway, and I got a voucher for the Apple Store in my email. Pretty cool.
On my third month, I felt pretty confident and decided to reach out of my comfort zone. I decided to try being brave and to trade the market. There was a Christmas special with increased profits for investors, so not only did I get really lucky really fast, I ended up making more than I would have any other month! At the end of December, I ended up with 15,000$ in profit! And it was only my third month!
Trading is a right, not a privilege! Everyone should have fair and reliable access to real markets.
“I have developed my own trading technique, but yours experts traders are totally market breaker! Professional and accurate.”
After that my luck turned a little cold. My profits didn’t come nearly as close to what I had made in my first 3 months for a long time. I talked about new strategies with John, but I was feeling despair creeping up. I knew that my initial success might have made me spoiled. I was used to success now. But gradually I found my way. It took about a year and a half for me to really get that kind of success back. I started to double my investments, then triple… After nearly 4 years, I was in a place where I could make about 15 times my investment. I could invest 1000$ and end up with 15,000$ at the end of the month. I could finally quit my job and focus on forex entirely.
My biggest problem yet to resolve is my impulsivity. I may not seem impulsive, but I started trading without a demo account, for example. I see something I want and I run to it, no holding back. That’s helped me when my crazy gambles paid off, but it was a problem when I was promised things but certain brokers who shall remain nameless, and ended up getting scammed for a big chunk of change (nearly 600,000$). I learned my lesson after that. I am staying with brokers I trust – brokers who have proven themselves to me over and over.
These days I’m trading with an average of around 10% monthly profit, and my losses are negligible. I get to have a lot of time to take courses and travel – I don’t like to sit around and do nothing all day. I’m so glad I got over my initial concern and stuck with forex. It has changed my life from top to bottom.