In 2018, I have no any blog and no any side income. I am researching and finding online business ideas where can i earn some money. I find many websites and brokers about trading, hedge fund and crypto currency websites. I think trading can become my first source of passive income. After overthinking many days, i think trading is scam, I lost all hope of making money online.
But One Day, I started chat with a broker and research the topics of trading on youtube and learns the basics in a week. After one week, I opened my demo account in forex broker and start forex trading. After one month, I started trade with money. I deposited $1000 and execute orders.
What’s My Mistakes in Forex Trading :
I earn daily $30-$50, But i want to grow my account to $10,000. I put multiple trades at a time and want to become quick rich. I start over trading and cannot control my emotions. I have no knowledge about fundamental analysis. My $1000 account grows to $1100 and i am happy. I think i can be rich quickly.
I put multiple trades and i start losing 20% of my account and after i lost 50% of amount. This is most worst moments for my dreams.
After it, I leave forex trading and searching something extra in form of passive income. I start blogging and start generating revenues.
If you are beginner in financial market and want to become a trader, then learn and experience the market. Don’t be blind in greed of money and hope of luxury life. I hope you understand from my experiences. If you have any opinions, kindly share with us in comments !!