Dear friends, I know what a challenge the forex market can be. I was in walking in the same shoes most of you are walking in. Working hard at my day job, coming home and spending two to three hours in the evening analyzing chart, reading news, networking on social media and placing my trades. Exposed to stress, frustration and ultimately all I had to show for are consistent losses every month. My name is Khalid and I am from Dammam in Saudi Arabia. I work security at the King Fahd International Airport and I have been a part-time forex trader for almost ten years.
I want to encourage everyone who is on the verge of turning their back on forex trading, as there is a solution which will turn your fortunes around. I have learned the hard way, but I am pleased that I never quit. Trust me, I tried just about everything you can in order to turn my portfolio into a profitable one. I was introduced to forex trading by my brother-in-law, and my wife warned me that he is extremely focused and persistent. I must say that she was not exaggerating the fact that he was convinced that he is on the right track. He quit his job as an engineer four years ago in order to pursue forex trading full-time.
Every successful forex trader started with losses and I believe anyone who states otherwise is masking the truth and ashamed of it. I was losing money in the forex market for eight years, but I view it as an investment in my education. I have learned a great deal during this process, not just about forex trading but also about the global economy, different countries and geopolitical developments. My wife gave up on my forex venture three years in, but has since more than apologized for her short-term vision. She always stated that patience in a venture which is consistently losing money is not her virtue.
My forex trajectory changed completely after attending a seminar on forex trading which was held at the airport by a somewhat mysterious trader we all got to know by the alias RT. The event was hosted by a financial firm from Hong Kong and he was their main speaker. I came across it by accident as I was leaving work to go home and I convinced my wife to accompany me to the two-hour event. RT, we found out later the the letters stand for Revolutionary Technology, was a very charismatic individual and filled the conference with an energy which had you fascinated.
I will never forget his opening where he promised us that he will tell us the truth about forex trading which will discourage most of us from moving forward. It was the type of truth you may have suspected, but never wanted to admit. He said that by the end of the seminar, nine out of ten would leave the room and disregard the truth. He also promised that the remaining individuals could unlock a different path and turn around their forex portfolios. I was glad to have stayed as RT delivered on his promise and now I am sharing this with others in order to give back and help other forex traders who are struggling.
The answer to the problem of profitable forex trading is delivered through technology. Just look at what professional portfolio managers, banks and successful private traders are doing. Technology is replacing many aspects of the trading process. One of the biggest problems retail traders face is the lack of time. Many believe it is lack of capital, but time is an even bigger factor. Most have to trade in the evening while some squeeze in an hour during launch. This is when the pros and therefore the liquidity takes their break. After the retail crowd has to go back to work, the pros return from their break and price action is moving.
Many then return in the evening only to see that a price action swing triggered their stop loss order, closed them out at a loss and after that the currency pair moved into a direction which would have been profitable to them. When the stop loss is moved further out, the same occurs and many often believe that no matter what they do, price action is out to get them. I speak from experience. I have been trapped in this spot for eight years. The solution provided by RT was an expert advisor created by his team. It was offered free of charge to the first 100 traders and the only two requirements were a minimum deposit of $5,000 at one of the brokers used by RT.
Sounds like marketing, but it was not. RT hammered one point throughout the session. 2.5% every month is an amazing performance which will give you 30% year and puts you right at the top 10% in professionally managed portfolios. Chasing big returns is the type of marketing scammers use in order to make some affiliate commissions until you blow your account. The honesty of the presentation won me over and even my wife had a glimmer of hope. The EA offered was able to trade 100% automated without the need to make any inputs, tweak settings or supervise risk management.
I can highly recommend the following: spend time to find the right EA for you. Forex trading is being automated around the world and if you don’t make the proper upgrade, you will only fall further behind. Stay away from free EAs which promise big returns, they will only accelerate your balance to the downside. Stick to EAs which may be offered free of charge, but with deposit requirements and broker affiliations. This brings me to the final ingredient you need, the right forex broker where your EA can manage your account and increase your balance. Since the very start, I have been trading with PaxForex. The trading conditions give my EA a boost with each trade which stacks up over time and increases my overall profits.
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