My Story

Today, I'm opening my first blog to document my final journey in forex trading. Why is it my 'final' journey? Well my forex story began somewhere in 2011. Due to the attraction of getting easy money, I quickly got involved in forex and started learning to trade.

I started with a few demo account and started to learn a few indicator-based system. I opened a very small ($20) account, and it got wiped out immediately (margin call). Then I deposited more for multiple times, and they never lasted very long. During those times, I jumped from one system to another, but all didn't help me at all in increasing my account.

Then, I discovered Supply and Demand (SnD) trading, which is indicators-free and looks promising. There were a lot of successful traders in Forexfactory who trade using supply and demand concept. Since then I started to learn more about SnD. After few months, I managed to grasp the basic concept of SnD, and started trading live using it.

Five months ago, I deposited another real money into my trading account. After 2 months, I already gained 60% of my initial profit. However, for the last 3 months my trading had been so erratic and inconsistent until I lost 30% from those 60% initial gain. This drawdown was mainly because of undisciplined trading, impatience, and greed.

Therefore I decided to study SnD again, use strict money management, and last but not least to become more disciplined in trading.

I am going to learn SnD and price action from the beginning again, and this blog will become some sort of journal in my learning process. My resource for learning SnD comes from ReadTheMarket website. It can be found here.

If after learning this method and trade using it, but still lose money, then I guess Forex is not for me and I will stop trading Forex. I believe that Forex trading is more of an art than science, and therefore not everyone will be able to be good at it.

-Neopips