My Journey To Improve My Forex Trading

If you read the heading of this blog, you already know that I went fell from an extreme high to a huge low in a very short time. Making that amount of money with so little capital in such a short time is indescribable. I felt untouchable... every time I entered a trade I made a profit. I went wild... making reckless trades. But my blind luck held and soon I was on top of the world. Looking back I saw that I was simply blind luck. I traded in a bull phase of the market. I simply could not go wrong. But my luck changed and without a good plan for trading Forex I simply lost almost all of my money. I knew nothing about money management etc. so I lost almost all my capital in just 4 trades... In this blog you will learn about my journey, and also see how I finally created a trading plan with which I am comfortable, and slowly I am making money again.

Part of my journey was learning that I need a plan to trade effectively. Luckily I stumbled upon the following books that helped me a lot. The first was Surefire Forex Trading by Mark McRae , the second was The Way To Trade by John Piper
and lastly I was really helped by The Forex Trading Maching (Price Driven Forex Trading by Avi Frister. The Forex Trading Maching (Price Driven Forex Trading was probably the one that helped me the most to start making some money. It has an excellent mechanical systems called the Cash Cow If you really want to kickstart your trading, take a look at these books... it is really worth it.

The most important lesson I learned was probably to learn to trust myself while developing my own trading rhythm. I learned a good lot from the books I read and I used the knowledge I gained from these experienced Forex traders to develop my own trading methodology. Have I made it? I have had some great trades so I think that I am getting there. I will post the last few weeks trades... but this is a work in progress, but for the first time in more than a year I am enjoying my trading... hope my journey can help you...