Multiple overdraft credit card 6 burst experience let me reacquaint myself with foreign exchange trading
late summer 2010, in the A-share market cashbackforexreview very disillusioned How Forex Rebates Work stumbled on the Internet heard of cashback forex exchange HowForexRebatesWork line, with the limited knowledge of foreign exchange network search, I tried to open a demo account in the foreign exchange, began the earliest groping for foreign exchange knowledge, due to caution bestforexrebaterates fear of unfamiliar foreign exchange, has prepared a dual-currency credit card I During this period I also continued to use the residual funds in the Shanghai and Shenzhen stock markets for warrants speculation, but the Securities and Futures Commissions new policy of limiting the rise of unlimited decline eventually made me a total loss, heavy losses in the extreme anxiety and trepidation in my days like years, the cold reality tormented my fragile soul, making me more self-imposed but in the depths of my heart I still firmly phase I will have turned over the One day, I would realize my dream, although I was premiumrebateforex very clear about what opportunity and what career that was, and in deep torment I reached the end of the year. After the encounter, I began another bitter experience Although I made more than $20 as a swing that night, I soon blew up the next day This thrilling and exciting experience left me with deep memories After waiting for a month, I used my salary to pay off part of the credit card loan, and borrowed $500 from a friend, after obtaining a new credit line, I injected another $250, and began to The second foreign exchange trading only a day or two, and then burst again after waiting a month, with wages to pay off the loan this time, injected a little more, is 300 $, and soon earned more than 100 $, the margin became more than 400, but because of the extra lot, and can not afford to cut the position, less than three days, and burst the fourth injection with the maximum amount, 273 $, and again quickly burst so with wages to pay off The credit card within the loan, with a new credit line injection to do margin foreign exchange, four consecutive months of anxious waiting, four consecutive blowouts in our backward economy, peoples old-fashioned second- and third-tier cities, my salary is very low, far from meeting the needs of life, which is the fundamental reason I have no choice but to enter the securities market, the foreign exchange market, but the huge losses, so that I carry a heavy The economic burden, foreign currency overdraft interest, housing mortgage, utilities, property and other expenses are unable to cope with the huge pressure incurred, the four months of the day is really intestines a day and nine returns, living is suddenly as if there is a death, out is not know where they go every thought of shame, sweat is not always hair back stained clothes also life still have to live, foreign exchange or to speculate friends and relatives refuse to help, will not give a helping hand human nature is selfish, and they are conservative, and how can The demand for it? But what about me? In this situation of running out of money how to do? In my anxiety, I came up with a solution to apply for a credit card and recycle it, even though I knew it was very dangerous and was like drinking hemlock, but I had no other choice! After submitting applications to two banks and waiting for more than a month, one finally went through, but the other did not because I had a mortgage problem with the bank, but after all, there was a savior! After quickly opening the credit card, listening to the customer service said can not be used for foreign site shopping, I suddenly fell into the ice, sitting on the chair if so, then it can not be used to fund the foreign exchange account, then what do I want it! I sat there for a long time, I thought maybe not so call customer service again, this time not so sure, let me try to try also, I tried a little, through this new card limit is larger, I used 500 $ several times before because the margin is too small, only to be a total loss, this time 2 times the margin, it will not repeat the same mistake, right because the margin doubled, plus the lessons learned from the previous times, this time the transaction Lasted a little longer, but due to the lack of strict control of positions and timely stop loss, more than a month later, again burst my poor fifth foreign exchange margin trading! Another few months of long suffering! Fortunately, the Bank of China said we are a disaster area, can be three months after the repayment, so I have a little breathing time finally, in the knowledge that the salary to a night, I am anxious to start a new transaction this time the amount of money is 312 $, this day, is 9/11 of course, this time to do very cautious very careful between 105-107 repeatedly long USD / JPA first week, profit However, the successive profits made me let down my guard, coupled with the lack of awareness of the serious consequences of the financial crisis affecting the currency market, early in the morning of the first working day after November, in the case of a long USD/JPA near 105.20, I used more than 900 margin to increase my position by 2 lots. The night of October 6, 2011, the sixth time the position exploded! This time the loss is unprecedented, so I am completely unable to clean up the wreckage of regret, remorse, resentment, loneliness and helplessness of the sadness overflowed my mind, the sky does not help me, and why so merciless? Is my choice of this road is wrong, it simply does not go? Or was I originally not suitable to take this road? I began to ask myself since I entered the foreign exchange market, I never doubted, but I did not expect to lose so badly! No, not this road does not work, I did not go well I think, if I do not enter the stock market, the foreign exchange market, will not increase so much debt out of thin air, will not have those heartfelt pain, will not have such a painful lesson, but, even if I did not enter the field of high-risk capital speculation, I will not rest on the status quo, day after day, year after year and all the helpless face that makes me deeply ashamed of the occupation. I would not have settled for a life of mediocrity! What a shame, 18 years old to join the work, work for a full 18 years, but never a month of salary surplus, never earn enough money to spend the feeling! And never thought that this profession will make me rich, proud of this profession! Although people do not live only for the money, but, life seventy years old, I am half past, still so poor, and tolerate the meticulous, and what to give to support the yellow mouth of the child and the old mother? Whoops! After a number of blowout experience, I think I can no longer trade like this, so even if there are more funds will certainly end up with a blowout, I decided to sum up the experience from the past transactions, to find the reasons for my repeated blowouts, in the next three months, I bought a lot of books on foreign exchange trading, but also on the Internet to buy a lot of information and tutorials on foreign exchange trading In the next three months, I bought a lot of books on forex trading, and also bought a lot of information and tutorials on forex trading online, the whole three months I finished reading six books and more than a thousand G video courses, through this crazy learning, (this article from: forex academy) I really found the reason why I blew up, before I always thought I had a very comprehensive knowledge of forex, so I have been operating in accordance with their own ideas and thoughts, but through this complete learning let me thoroughly realize that the original I But through this complete study let me completely understand that I am just a novice than just begin to know a little bit more knowledge, the funny thing is that I have been taking myself as a very bull, think they know a lot of a lot, think their trading strategies are infallible every time, but through this systematic study let me completely understand the saying that the sea of learning is endless, the sea of suffering is boundless, now think about it want to smack themselves a few slaps, has been self-righteous I actually can only be considered a rookie, and those lecturers compared to the teacher is simply a rabble ....... But fortunately, through that study let me really know myself, know the foreign exchange, from then on I began to light trading, slowly the book and tutorial knowledge to the actual operation, while testing while summing up so persist for half a year, so I really began from the burst position to can hold until now can be stable profit fate treat me how unfair, but it is fair, because, after all I found the way to achieve the ideal, although, I paid a high price for this! Shi said in answer to a reporters question about how he succeeded after the failure: summarize the lessons, summarize the lessons, and constantly summarize the lessons, will succeed Yes, my experience of this hasty failure of the foreign exchange market does have many worthy of my deep introspection, at least three serious mistakes: one is too hasty understanding of foreign exchange is too little, not yet familiar with the rules of the game even simulation is not enough to rush into the water, it is imprudent; Second is eager to win, excessive trading, always afraid to miss a good opportunity, will not wait for the right time, do not know how to relax; three is too little money, simply can not afford to fluctuate, isolated after the set and can not stop loss, the inevitable loss of all this should be life, if not so many times before the blowout I will not make up my mind to learn a system, not to mention that I realize so many problems now although I have bought a car to buy a house. Now although I have bought a car to buy a house, is also considered a small success in the foreign exchange market, but whenever I think of the previous speculative career nose will always be a burst of acid ...... Now I do not know whether to thank myself or to thank those books and those tutorials, anyway, no matter what if they did not make up their minds to learn the system once certainly will not have todays me ....... Well, not much to say, here with their own light experience story to encourage those who may now be in the loss stage, and those who want to do foreign exchange but are hesitant to do friends, must not be too high estimate of their own ability, not to learn is certainly not.