WARNING: This is a relatively lengthy article. But if it is an article aimed at helping you save your hard earned money, then it is definitely worth the read.
On an average month, I interact with hundreds, if not thousands, of Kenyan Forex Traders both physically and through my numerous social channels and most will complain of having lost money at one point or another while trading forex. I have discussed this extensively with my students and the following are the Top 9 reasons why Million shilling forex accounts go bust in the blink of an eye.
Please read this article all the way to the end. You risk losing a lot of money if you don’t!
The article is divided into 5 parts for easier reading. Terms have been linked to their respective definitions to aid comprehension. Without further ado, let’s jump straight into the meat of the article.
Forex traders spend a lot of time waiting. We are waiting for setups, we are waiting for breakouts, we are waiting for formations, we are a waiting for price to endlessly bounce off a support region and, if you are like me, we are waiting for an MT4 alarm to go off signalling that the price has touched a particular trendline that we were monitoring.
So, is there a (money making) pastime that a forex trader can engage in to kill time as he waits for the breakout/trend/news? Yep, Trading Binary Options!
Over the months training new forex enthusiasts and polishing up the skills of seasoned traders, I have realised that it is not everyone who needs a full forex class worth Kshs20,000/=
Some people just want to brush up on a few aspects of forex that have been puzzling them, some just want to meet theforexguyKE and have a chat before they commit to a full forex class, while others just want to come and ask the age-old question, “Is forex trading for me?”
I should probably start by saying that I do not use Robots to Trade. I would much rather you set aside $100 and buy a solid strategy like One Candle (Click HERE) and trade it yourself or invest 20,000/= in a proper Forex Class (Click HERE) and learn how to trade like a full time Pro Forex Trader.
But since I am reselling these Robots at such a cheap price (Kshs2,000/= for all Ten powerful robots), feel free to purchase and download them and analyze their working to see how many suit your individual trading style.
Forex Traders – Get ready for our day out! Friday the 24th of June 2016 9am to noon 🙂
Time to Go…
The Fourth FREE Forex Open class is here with us and this time we will be discussing the ever-so-controversial topic of ‘Stop Loss Hunting’. Is your broker out to swindle you of your hard earned cash? Book your spot and let’s meet and find out on that day.
and enjoy a well paying Career that allows you the freedom to work from anywhere at anytime that pleases you!
Over 16 Hours of nothing but the best Forex training GUARANTEED TO IMPROVE YOUR TRADING RESULTS even if you are already a trader.
So, you have Read all the Forex literature available in the world, tried to follow a few YouTube videos, attended expensive seminars with 6 figure entrance fees every other month and still can’t figure out how to place profitable trades? Or maybe you lack the courage and confidence to trade?
Do not worry! Why not Book a Class with theforexguyKE himself for an intensive, personalized, one-to-one, hands-on practical course? You will be placing trades like a professional immediately after that!