The Start of My Forex Journey

About me? I am a young guy, turning into not so young guy in a few years..

So my journey begin....

Well actually it has already begun 3 months ago. Just like most of the people, I have the concept that forex is a extremely high risk area to invest, ordinary persons like myself shouldn't even touch it. However I found out that a platform called eToro that offer 'Copy Trading' function, that basically allows you to copy all trading activities from another trader.(No-brainer huh?)

I have a stable full-time job and saved up some money from the past 2 years. I have been investing in stocks and online businesses and had some success. So I have some extra money to invest in forex.

One important thing is invest in high risk things like Forex, in my opinion, is never use your living money. Say if you plan to save $1000USD monthly(that's how much you need to save if you want to buy a flat and have a future life in my place!), make sure you save it/invest it in lower risk products. And then you put the extra into forex. By that way you can at least make sure that Forex won't f**k up your life like you see some other people roaring around on the internet. :p

Chart of My 3 months Stat

Green line represents the 'Realized equity', which means that all the money that has been 'realized'. For example if you have $100 initially, and then you make a open trade and that is now in +30%, your realized equity is still $100. Only after you close the trade, your Realized equity will become +30%, which is $130.

Blue line represents the 'Total equity', which in contrast include the value of all open trades.  For example if you have $100 initially, and then you make a open trade and that is now in +30%, your total equity is $130 before and after you close the trade.

So for sure, you will be happy if you have all positive trades. But it's not possible in reality. Look at my stat, I had many positive trades that made my Realized Equity nearly +50% in 3 months, but the Total Equity is currently down about 20%! It's because the sudden huge raise of AUD/USD and NZD/USD pairs yesterday. I'll explain later why it took up so much of my capital.

The 20% is 5 figures in my account...(Yes I have so much money hahahaha). But guess what, that's Forex! Never lose hope until the lost is 'Realized' haha..

We'll talk later...