Making Money by Trading in the Forex Markets

How I Got Started

LET’S BEGIN WITH SOME HISTORY

In 2014, I read someone’s post about learning how to invest in stocks. At the time, I thought stock investing was for people with a ton of money. I didn’t know there were retail investors.

I was curious, so I bought a book: My Maid Invests in the Stock Market by Bo Sanchez. This opened my eyes to the world of stocks. I learned that you can trade and own shares even if you’re not a millionaire. I opened a Col Financial account and invested 5000.00. I bought BDO and JFC.

I opened an Investagrams account in 2016. The platform was new at the time. I invested the virtual money and got 50% up in 6 months (BDO). I was so happy, I thought it was so simple. Just buy and hold. I didn’t know that it was a bull market then.

I traded with real money in 2017 using my Col Financial account. I didn’t know it was a bear market. I used to buy the tip of the candle before it crashed. I was devastated. I bought 2 books that were poorly written and self-published by a Filipino trading “guru” and they didn’t help. Everyone was trash-talking and bragging while my port was red. The internet was very noisy.

I enrolled in a trading school, but it did not work for me. The market was bearish, and I was not patient enough to do the required tasks. They were so tedious: backtesting, creating a watchlist (I hate this) and waiting while in front of a screen. All the rollercoaster of emotions, and I thought I’d go crazy!

I stopped trading stocks in 2019.

Trying CFD Trading

In 2020, I was a medical SEO content writer earning $200 monthly. I used to earn $800, but I had to cut my workload because I needed to care for my eldest. And with a reduced workload comes a smaller paycheck.

Of course, my money wasn’t enough. I started to find other ways to make more money. One of them was trying to get an online writing job that pays more. This didn’t go well because the writing market was saturated, and there was too much instability in the world economy.

I came across a CFD training program online, and I enrolled. Only traded one instrument, 1 hour daily at the exact same time every day. No more watchlisting (yay!).

Unfortunately, I never got the hang of it. I did everything to a T, but I never profited. Just breakeven.

I stopped trading after six months.

Instead, I saved up and enrolled in an SEO course and became an SEO specialist/strategist. That’s how I got my first 6-digit monthly income.

Finally, Going Into Forex Trading

I never really stopped thinking about trading for a living. Even as a freelancer earning 6-digits, I don’t have financial freedom. I can achieve it ultimately if I work harder and build a business, but I feel like learning how to trade well will accelerate everything.

So, I enrolled again in a 3rd trading school, Leo Advantage. I’d heard about them before enrolling in the stock trading school in 2018. The reason why I did not try Forex is because I had this belief that Forex = high risk. And high risk = losing money. Yes it is high risk, and yes you can lose money if you don’t know what you’re doing. But that’s true in everything, even in business.

Anyway, the Leo Advantage way allows me to trade for less than 5 minutes a day on only 1 pair (still no watchlist, yay!). The volatility that I used to fear is actually what I like about Fx now. It moves fast, so you can profit (or lose) fast. You can set your TP and SL, so you don’t need to monitor all the time — something you can’t do when trading in the Philippine Stock Echange (as of this writing).

If only I enrolled sooner, I think I would’ve achieved my trading milestones sooner.

But it’s okay. I’m a strong believer that everything happens for a reason.

Now, I’m off to achieving my trading targets and living the fat FIRE lifestyle.

I’m not there yet, but I’m on my way.