FX Trading

My Forex Trading Journey

April 17, 2025 No Comments

It has been 10 months since I restarted (YES! I have given a few attempts into forex trading since 2018) my forex trading journey, and I am thrilled to share that I have experienced steady and consistent growth! I presented my progress to a friend, and his positive feedback really inspired me. Encouraged by my trading community’s advice on withdrawing profits, I decided to take that step as well. I’m excited to announce that I have successfully withdrawn the profits I earned over these 10 months!

So what’s next? With a minimal capital of $1,000 USD, generating a profit of 20% in a year is an exciting achievement! That’s $200 USD, and while it breaks down to just under $20 per month, it sets a solid foundation for future growth. Every journey starts small, and with time and smart reinvestment, you can build on this success!

Then comes the exciting million-dollar question: Is forex trading feasible? Can someone truly build a life around trading forex? Absolutely! There are numerous successful full-time professional forex traders thriving in this field. One remarkable strategy to achieve this dream is by leveraging the capital of others. Those generous individuals or companies providing their funds are known as prop firms, and they open up incredible opportunities for ambitious traders.

Hence, instead of withdrawing my $200 profit to spend, I’ve decided to reinvest it into my journey towards becoming a full-time professional forex trader. The next exciting step is to invest in a $60,000 USD capital program. While I know that I can’t just pay $200 and instantly receive $60,000 from a prop firm, I’m enthusiastic about the exams and stages I will pass. This process will prove my worthiness for the investment, and I’m ready to embrace the challenge!

So, Jom! I’m thrilled to share that I’m considering joining an amazing prop firm called The 5%ers!

FX Trading

EURNZD (not high probability)

【Update】after discussion with fellow friends, we concluded this would not be a risk worth taking for this trade. Hence, we will cancel the entrance dor this trade. Stay tuned!

I mostly do my homework or preparation for the upcoming week on Saturday night, where all my friends from the same group use the same strategy to enter the market. Today, I did not find any high-probability trades for the upcoming week, but a rather lower-probability currency pair is EURNZD.

The rationale for this approach is that the specified pair has experienced a decline since Thursday and has not shown any retracement on Friday. Nevertheless, it has yet to reach the critical support level of 1.822. Therefore, I am establishing “fibonacci retracement levels” from the peak observed on Thursday down to the key support at 1.822. On the upcoming Monday, should the price decline to 1.822, it will activate my Buy Limit pending order, as I aim to secure a retracement of 50 pips, which is approximately 18%.

Should the pending order not be executed on Monday, I shall allow it to expire on that very day. Conversely, if the price continues to decline past 1.822, I will enter the market at 1.802, which represents another support/resistance level.

Let’s see if we can gain some pips next week. Stay tuned.

Disclaimer: This is not a signal recommendation. It’s purely a sharing of my forex trading activity. Please trade at your own risk. I will not be held liable for any act or decision that you make after reading my post.