Vahid’s Daily Forex Market Analysis Will Be Back!

Category: Good To Know | Sunday, June 15th, 2008

Hello my friends

I have not published any report since 11 February. Before anything I want to thank you all for your emails and kind words during the past a few months. I love you all.

I know you are eager to know why I stopped publishing the daily analysis and other articles on this weblog.

Well! It is too hard or impossible to be a forex trader, the father of two mischief kids, a husband and a blogger at the same time. I put a lot of pressure on myself during the past few months and so I became collapsed suddenly. I really felt that I had to stop blogging for a while.

Blogging is what I love to do. This is what you have already heard from me. I like it much more than forex trading because it is a productive job and it has a lot of fun. Forex makes money but that’s all it does. Blogging connects you with thousands of people and you enjoy a lot when you see people like and read your articles and ask you to keep on posting. You share your experiences with the others and also learn a lot of things from them whereas when you trade forex you are only dedicated to yourself. You make money for yourself and you are useful only for yourself and not anybody else.

But on other hand, blogging is not easy. Although it is a lovely job, it is so time consuming and hard. You have to write, edit, publish, create the images, answer the emails, comments and questions and … . Professional blogging is a full time job and is different from blogging for fun. When you blog about forex specially when you publish market analysis on a daily basis, you have to be fully committed and consistent because people rely on your posts.

During the past a few months I thought about blogging and forex a lot and tried to decide if I like to blog about forex or keep on trading forex. As I said if I want to blog about forex I have to be fully focused on it and can not trade intradaily any more. In intraday trading you have to watch and monitor the market and you can not do anything else at the same time. So if I wanted to focus on the weblog I can only be a swing trader. This is a good option too.

So you can expect to see my daily reports again. I have also decided to post forex training and pillar articles. I love this website to become a forex portal and connects me to forex traders all over the world. I know people have become more interested and curious about forex and it will be my honor if I can help them to make money through it or prevent them from losing money and becoming cheated by forex scams. The first goal of creating of this weblog was preventing people from being cheated by the internet scams.

During the past a few months I also tried several different strategies and software’s and read a lot of e-books about forex. I will let you know about all of them. I also participated in something like a contest and could triple a $500,000 demo account in less than 6 days!!! It means the $500,000 became $1.5 million in less than 6 days and then after less than 20 days it exceeded $3 million. Of course I didn’t work seriously on it after the first 6 days. I will explain how I did it and will publish the report in another post. Stay tuned.

Anyway!

A lot of big changes happened in the forex market during the past months and we had a lot of trading opportunities. Hope you could take proper positions and make money. If you are new to forex, you may not be happy with the results that you had during the past months but this is one of the learning stages.

All the forex traders start with losing money. Do you remember the first time you wanted to drive or you had a driving test? You were overwhelmed. You had fear and you made mistakes. But now driving is like a piece of cake.

I don’t know any forex trader who has become profitable in a few months. I don’t know any forex trader who has not lost any money before becoming profitable. In contrast, all of the good traders that I know have lost a lot of money and some of them had to reload their accounts several times. I know a forex trader who lost over $140,000 before he starts making money. After three years of struggling he became able to make about $20,000 per month and now he has a +$1,000,000 account. What if he would give up when he lost $140,000? He couldn’t have such a big account now.

Please note that I am not telling you that you have to be careless about your losses. This guy started working on forex very badly and carelessly and as he didn’t have any teacher and mentor and he had a lot of money, he traded carelessly and lost $140,000. You don’t have to lose so much money to become a forex trader.

Those who lose a lot, didn’t have a good teacher to show them the correct way otherwise they would start making profit before losing a lot of money. Please read my “When You Will Be A Professional Forex Trader?” article and know about the learning stages. If you have started trading with the real account before you learn properly, stop trading now and get back to the demo account. Keep on practicing and then start trading with the real account. The market is always there waiting for your money. Let it increase your capital. Don’t let it swallow your money.

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19 Comments:
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Comment by Paul

2008-06-15 23:04:34

Great to see you back and I like the new look website.
I really look forward to your posts and welcome any sort of trading reviews you can do.
MAny thanks
Paul