Trading Forex
Since June 22nd, 2024, I’ve started trading on the Forex market using a bot. This way of trading on an exchange is completely new to me. During my search for successful Forex trading, I came across an AI bot that provides a steady stream of returns.
Personally, I don’t believe in ‘get rich quick’ statements or claims. I prefer reliable, steadily growing returns over making fast money. You’ve probably seen those ads claiming you can earn an entire month’s salary in just a few seconds — it sounds great, but in Forex trading, you can lose it just as quickly.
Riskmanagement
Managing risks is key in trading. I made some mistakes too in the past by increase lotsize to gain more money this can go right for a while and when markets turn quickly you get caught in a situation of interfering. Keep calm and trade with small lotsizes. Personally I trade with small lotsizes 0,10% of balance or the smallest 0.01 lotsize. This keeps you on track, trade only one pair at once and if markets turn, just wait, eventually it will come back. With a small position you can sit out a big movement and decide where you accept losses if the markets not returning in favor. Fous on a good entrypoint matters the most, don’t entry in most volatile moments, following the trend makes it much easier.
Results, this is just one of my accounts.
January 2025 was an example of decide where to accept the losses, eventualy the markets turned after april 2025. When I did nothing the losses in january where not needed and it would come back to me. One example of a situation where I better choose for sitting out a few monthes with floating loss. In this case the EURUSD dropped fast from october 2024, buy positions could’t be closed and when the markets got shocked by tarrifs in april/may ’25 it would been recovered. But always looking back gives you situations of what if…..it could have been much more loss too. Also I was trading on multiple pairs, I changed this way of trading to trade one or sometimes 2 pairs on the same account, but keep always te lotsizes small to be safe with margin requirements.
Read more about my GBPUSD signals