For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines.
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I have been trying to earn from forex for about 2 years. No result. I can't say that I did something specific, at one point I tried the method with 2 cups and 3x33. I always imagine myself that I have the life I want and I earn in this field (visualize). I also spent 15 hours a day trying to understand this field. Absolutely nothing worked ... I already feel like I'm losing hope, although so far there has been no time to doubt it. What do you advise me to do? I know the Universe doesn't immediately give you what you want, but ...
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A lot of people are afraid of Forex trading because they heard about people who had lost everything they had speculating on currencies or other assets. Some have been tricked by their brokers and coerced into depositing more and more money into their trading accounts. some agents working on behalf of brokers get extra bonuses for new deposits their clients make. As a result some agents can get quite aggressive in their methods. They promise to share a proven strategy that is going to work and you will win it all back. This type of psychological game is something they are not only ready to engage in but they are also praised for doing so in form of additional bonuses from their employer. The truth is that succeeding in Forex trading is possible if you know how to read and analyse trading charts. Another important aspect is to trade using daily charts or 4Hour charts. Chasing quick profits is not beginners. It is for more advanced traders who know what they are doing. So, focus only on Daily charts and learn technical analysis to be able to recognize trends. When you learn that, proceed to learn how to ride trade and follow trending markets. There are many types of technical analysis but probably the most common tools used by traders to recognize trending markets are Moving Averages and Support and Resistance levels. If you can master those you should be able to predict future movements and profit from them. To get you started here is a free ebook on Moving Averages and how they are used in trading.https://mt4trendindicator.com/using-moving-averages/ Keep learning and you will surely succeed!!
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