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I am a self-taught forex buyer. When I say self-taught, I imply that I had no formal retraining. I did not spend thousands of dollars to find out how to trade. Simply because I couldn't pay is not because any sort of negative beliefs about businesses offering the courses but because I had no money to commit. I was laid-off and wanted one way to assume control of my finances without depending on Corporate America to offer me their employment. So what Used to do was check out all will seminars during my area - stocks, options and forex.
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I also was not privileged to find a mentor. Merely was to mention to anyone around me that I'm going to invest my money, by myself, in the financial markets they would say I'm crazy. When i started investing in the currency forex market I lost about $900 of my $1,500 financial. This was very discouraging for one who does don't have much funds in the first place. A lot started to go through my mind while my losses where adding up. Is it true that it's too risky to fund the markets yourself? I realized that almost every trade I put inside the marketplace goes the opposite way. If your market doesn't move and i also would close the position, then right away the market starts to push in the direct which was set for.
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