$3,400 – My First Real Cash Online TRADING FOREX

It felt surreal as I held $3400 in cash that belonged solely to me. I couldn’t believe that I had made this much profit in just ten days of Forex trading, especially with a startup capital of under $300. As I write about my experience, the excitement is still palpable. And yes, you too can achieve such incredible results with the same dedication and commitment.

A friend once told me that I was missing out on a lot by not trading Forex. According to him, Forex is like picking up cash from the streets. Another person even went as far as saying that not trading Forex is like leaving free money for someone else to pick up. The opportunities seemed too good to ignore, and I found myself with many questions. What exactly is Forex? Is Forex really profitable and risk-free? Who can participate in Forex trading? These questions lingered on until I decided to research this topic extensively.

Forex is the abbreviation of foreign exchange, and it is the world’s largest spot market for currency trading. Forex differs from trading futures and stocks because it is more straightforward and significantly more profitable. As an over-the-counter (OTC) inter-bank market, Forex operates within a network of banks and runs electronically for 24 hours, from 4 pm EST on Sunday to 4 pm EST on Friday.

With a daily trading volume exceeding $2 trillion, Forex is at least 35 times larger than the entire US equity market. Even if 1.5 million expert traders take one million each from the Forex market every day, there will be more money left in Forex than in the New York stock exchange every day.

However, anyone can trade Forex today unlike before when it was strictly reserved for inter-banks. Despite the potential profits, trading without proper knowledge can be risky, and traders can lose a lot of money in seconds. Traders need to grasp the basics such as knowing when to sell or buy currency pairs, placing stops and limits, the size of the lot to buy or sell, what currency to trade, pips to target at specific times, among others.

To trade Forex, you need three fundamental requirements: a computer with internet access, a good trading platform from a reputable Forex broker, and a “Forex trading machine” that will teach you when and how to trade, minimizing the chances of losing your hard-earned money. After discovering these requirements, I funded my account with a balance of $276, purchased all that I needed, and made $3,400 in ten Forex trading days. My profit continues to increase each day, bringing me immense joy and fulfillment.

Written by F. Solomon

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