Years ago, only an elite few with big equity or big financial institutions could trade. These big traders aimed for realistic returns, like 10-20 percent ANNUALLY.
So many traders also wanted a slice of the pie, that it was made so that anybody could trade. Brokers popped up all over and encouraged people to invest and become traders. To level the playing field, leverage was brought in.. A trader with 2k could now trade as if it was 2,000k.
There was so much new money. EA developers also popped up like mushrooms also wanting a slice of this 'new money' pie. Forex was heavily commercialized. EAs, training courses etc. Brokers started competing against each other, enticing newbies with all sorts of bonus offers. EA developers saw this as a great income opportunity and all they needed to do was come up with something that could just be profitable for a few months so they could achieve high sales. The return you could make from forex became so inflated with EA developers competing against each other, I see there are some systems here offering six digit returns per month!
I too was caught up in this madness. For years I tried to achieve (I know now) many impossible things. I backtested thousands of EAs, tried hundreds of manual systems - they all failed me in the long run. Things would go great for a week or two and then BOOM, it was all wiped out again, only to start a new cycle.
I was determined though, I would be part of the 2% that would make it. In September last year (2015) I was on the brink of giving up.
I would give it one last try. There are guys that make money with forex, I became obsessed with finding out HOW.
Then I discovered trendfollowing. A long forgotten way of trading, tucked away by all this nonsense we get today. A form of trading still used by the top traders. So I researched it a lot, read some books on it - found a trading strategy. Tweaked it a bit, but still kept the core idea, made it my own.
Today I can say for the first time, I see forward to my forex pay day. Feel free to contact me if you want to learn more about trend trading.
If you want to go fast, go alone. If you want to go far..Go together..