Hello my name is Nicholas and I've always wanted to become financially independent. Over the last 3 years I've tried many non-traditional jobs for a nineteen year old: real estate, poker (win a million at the WSOP in lt;st1:citygt;lt;st1lacegt;Las Vegaslt;/st1lacegt;lt;/st1:citygt;?) , multi-level marketing, affiliate marketing with google adwords, and HYIPs (high yield interest program). About ten months ago, I had to call it quits with the hyips when the last one I had been in, that was paying 200% per month for nearly 18 months, travelled under appropriate as my profits were going to get serious. I had been performing hyips for a year and a half and I was tired of giving my money to some stranger and hoping they would follow through with their promises. The forex market is what lots of hyips claim as the origin of the incredible profits so I chose to find out about this forex market myself. No more could I give my money to someone else to lose, if it was likely to have dropped, I wanted myself to be the only reason.
So beginning in February of the year I spent $1000 on several quite large and comprehensive books on trading, and I've since devoted every free minute of my life to studying the forex market. And it's had its consequences. I've lost some friends, I dropped out of college, along with other things. Thankfully my parents fully support me.
I should pause though; I abandoned one very important part out. Hyips were my introduction to the world of investing and most of the hyip's I put my cash in returned 50%-300% a month. As I entered the forex market, I had been determined to create similar rates of return a month.
And that is what I've learned how to do.
One of the most important lessons I learned with the forex market is the overriding importance of a rock solid system with rules which never waver. That is why I've always veiwed mechanical methods as trading perfection. Mechanical systems are not influenced by emotion, among the best enemy's of the trader and you don't ever have to think about them deciding to dismiss a certain rule.
I think I've created a mechanical system which with 5%-10% invested per trade will return 75%-200% per month. The system is quite finely tuned to match the 30 minute charts on the eur/usd and this really is the only time or currency pair I exchange. 5%-10% a transaction, statistically speaking, should keep your drawdown's under 7%, sometimes even 5%.
I will acknowledge I have only forward tested this system over the past week but I have back tested it extensively, and it is the 36th variation of an idea I've been meticulously working since the summertime. My point is that this is not a system I came up with recently.
I'd like to start posting trades here since the toughest part for me would be to NOT CHECK MY COMPUTER EVERY FIVE MINUTER after placing a transaction. I want to learn how to place a transaction and then forget about it. If I post the transactions here then there's no purpose to keep checking it, since I am sticking to the system, and that I only do transactions that I plan on posting here, and I am not planning to post random, emotion based transactions on this forum.
And maybe I can offer hope to some new guys so that they'll understand that not only are you able to make some money in forex, you can make however much you want.
The only limitation is you.
Nicholas
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