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My First Trade

I discovered a broker pretty rapidly though my initial surfing and signed up with GlobalTrader365 A pleasant broker from that company over in the USA telephoned me almost immediately and I was pleased to hear that my initial deposit would be granted a 100% signup bonus. I had some spare funds in my bank account and decided to invest an intial $300 which is about £200. This was matched so I had $600 in my account to play around with. I was keen to get going so, having worked out how to proceed, I placed my first $25 trade. $25 is the minimum amount you can invest on a single trade. I picked that the EUR/USD would rise over a ten minute expiry and unfortunately it didn’t, but watching the moving graph undulate for ten minutes was great fun and instantly I was hooked. Two trades later, one on the USD/JAP going down and another on the EUR/USD going up and still I was without a win… Then it happened. I placed a call on the USD/JAP rather than the previous put and ten minutes later, it came in and I won $43 (including the $25 investment). I was thrilled and got carried away, putting 4 simultaneous trades with my winnings. One failed but 3 came in. I had branched out to USD/CHF which lost but two USD/JAP and one EUR/USD came in – I was now in profit. I realised that this scam email had truth in it. Before the weekend I would be $20000 richer and the bubbly would be on me! It gets very addictive, placing your first trades. A proper gambler’s rush. I got carried away and just following the trends on the graphs on the broker’s site seemed the easiest way to continue. It was either bearish (up) or bullish (down) or somewhere inbetween, a level horizontal line trend. I tried to avoid the ones with no definite trend, and also the ones which showed reversals from the trend. I figured these were no-gos. The sheer multitude of options available, different currency pairs, meant that by scanning around there was plenty of scope to find a big bull or bear on offer. I was winning one, losing one and my balance was creeping down and then I hit a losing streak. Six in a row, all losing. I remembered the advice about doubling up…

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