The first time I know what is forex was in the year 2007. Jeff Emelaba a contributor with a financial newspaper known asfinancial standard and Boason Omofaye of AIT then but now with channels TV organized a very expensive training.
They promised of teaching every attendee how to make atleast $100 daily. Hopes were high but the fact remains they don't even know what forex was all about.
They just got the information and sold it to people like us because both of them had the platform to sell their information.
After the training was a very big struggle to make money trading forex.
Fast Lane to Death
If you are so unlucky to know and start trading forex from an information marketer who desn't trade then you are on your way to a quick death. That was exactly my case.
As at 2007, a 2G MTN modem was N32,000, which I bought. I equally bought a brand new HP laptop at N131,000, and it cost me over N50,000 to fund my account.
I was doing all these expenses easily because I was told that I can recoup my investment in just one trade.
To fund your account will take you over 1 week because you have to submit your international passport and other documents to a broker in America called Ameritrade. Though, Amritrade no longer exist.
After all these expenses, I borrowed $2000 and fund my account with hope I have made it in life. Even after using all the indicators they gave us, I lost half of the money in 2 days. As if that wasn't enough, Ameritrade frozen all account for Nigerians for no reason and did not refund anybody
Like A Gamble
If you are a struggling forex trader, you will always see it as gambling. After you lose you will see what you would have done better. Then you will look for money to trade and recoup your lost money.
The more you keep trying to recoup your money they more you keep losing. If you are the type that have access to loan, the more indebted you will be.
That was exactly my situation, I was indebted to the point I was considering to commit suicide. All hope were lost, frustrated and confused, here comes what looks like good news.
Another $3000 Wasted
As usual, I wasn't in the business of making money from forex trade alone. I have friends we were struggling together. From no where one of them found an robot that was doing magic.
In fact, The robot was doing over $1000 per trade on a real live acount, and the owner sales it for $3000.
Unknown to us, it was those Russian programmers programed the platform and was manipulating it as they like. After I paid for it that was the end of my commuinication with them.
They blocked all the means of communication I had with them. In fact, those guys dupped a lot of struggling forex trader like me with that so-called robot.
it was at this point I finally made up my mind to quit before the MESSIAH Appreared.
Here Comes The Messiah
The messiah was the man called Steve Lin. As I was complaining bitterly in a forum about how unrealistic forex trading is. He asked me 2 simple but odd questions.
The first question was, do I understand the language forex speaks? The second question was, have I ever seen the nakedness of forex before?
These two questions sound funny but searching and getting answer to them was the begining of my success in life.
Mr steve categorically said to me that money is not made on autopilot. He continued that forex is human, as such situation can change at any given time.
He opened my brain to the trick behind robot and expert advisor. He asked me do I think anybody can go out their and sale his secret of making money for peanut?
That is to say that those selling indicators, EAs or robots make money off struglling traders. So, according to him I should go and learn about NAKED trade in forex.
He continued by saying I should go and learn the forex language and come prepared because forex trade is a war.
He recommended some forex trading books for me, which I bought at a very high cost. I read the books severally to understand the language.
Finally, I understood the language but how to communicate became a problem. it was at this point I started a try and error method that gave birth to TREND AGAINST TREND TRADING STRATEGY
It occured to me that since trading forex is like going to war, I should respond fire for fire so that we can go back to the negotiation table. And that really worked for me.
After 7 consistent winnings I took a breath of relief, and perfected the system. Since then, the forex World has been my ATM.
After 6 months of consistent profiting from FX, my friends wanted to know the secret. I reluctantly taught 4 of them this wonderful trading magic.
I am happy that they all came back with amazing testimonies that proved that their lives has changed just trading TREND AGAINST TREND TRADING STRATEGY
Finally, after using this system for more than 3 years, and was able to turn $10 to $1000 in less that 2 years, I feel safe and confident to share it out with struggling traders out there