After 1 Month… Were the Trades Successful?

While most people were out and about enjoying their New Year’s day…

This year was different for me.

You see…

I was a man on a mission!

As an entrepreneur of many years, I’ve invested in many a business and money-making idea throughout my journey.

Some of which turned out great. Many more wounded up as one would expect, battered and covered in defeat and failure.

But even misery has its tale to tell.

And the one common binding factor between any successful business idea is…

There is always a great deal of work that MUST be done.

Not just on the business owner’s part, but also in terms of partnerships, networks, connections and so much more.

Sure, the rewards can oftentimes outweigh the effort many times over…

But the initial period is always going to be about the amount of effort you’re ready to pump into it and make it work.

When A Simple Forex Idea Changed The Landscape

However, this time I had started out on a journey I never thought possible. As someone who has never considered the Forex market, this was completely new to me.

I’ve always heard stories of how often people lost money trading in the market.

Rarely, do I hear of any success stories…

The only ones you hear of are probably from the Forex trainers and that’s because they’re selling a few thousand dollars programme.

But after 2 weeks of enrolling on the platform, the results I had were already rather phenomenal.

Shocking, in fact!

Because by 18 December 2020, I had a positive $22.95 from one of my accounts. (Managed by the historically poorer performing trader)

And with another 2 weeks to the end of the year, I could only wonder if that number would go up, go down or remain the same.

Now, over the 2 weeks, I started to learn a little more about the Forex world and some of the terms and structures. I think it’s only natural as you go deeper into such a system.

One of the first things I learnt about was about historical performance.

Things I’ve read about a lifetime ago in my financial planning days.

But to actually start taking it seriously was a different matter.

Historical Performance

I started reviewing the traders’ past performance.

All their performance is readily available on a third-party record-keeping website, myfxbook.com.

There you get to see the performance of any trader who is willing to showcase their results.

Most traders, however, do not use their name and usually trade quite secretively.

From what my research gathered, because of their open positions, they don’t want others knowing their next step.

In any case, from their profiles, I noticed that both traders generally don’t do too well during the months of Dec and Jan.

It could be the festive season, from Christmas right up to Chinese New Year, but they still have positive months.

In fact, neither of them had a single negative month to date.

That was all good news naturally, though as always, investment has risk and past performance doesn’t ever guarantee future performance.

So, almost as though I had predicted, my funds for the rest of the month stayed about the same.

As you can see, by the end of the month the account had risen by another $3 to close at a $25.30 profit.

Overall, it was still not too bad.

For a $1,000 USD investment, that was about 2.53% ROI. (Let me add here that my other account had about a $50 profit or 5% ROI, just to be fair to the traders)

A common issue most trading programmes have is that they promise rather unrealistic gains within a short period of time.

Here, I was receiving about 3-4% ROI on my first month which was already quite good in my opinion.

But human nature is such…

You always wonder if you could have gotten more.

So, I asked my friend Gary about his results and he was more than happy to share with me.

And with his permission, I’m pasting it below.

He made a whopping $402.43 profit for the month of December!

I mean… wow.

400 bucks without doing anything except for putting money into his account.

A couple of points to clarify first…

1. His capital here is $5,000 USD compared to my $1,000.
2. He has been on this platform for about 4 months before me.

If you’ve done your maths, you would have figured out that his ROI was about 8.05%.

It’s much closer to the average of 10% per month which the traders have been achieving but again, December historically has never been their best performing month so far.

That being said…

Why Were Our Trading Results Different?

It all boiled down to one single difference…

Timing.

You see…

As this was my first month, I had registered for my account late and started the entire journey “late”.

I had missed the very first week of December and as it turned out…

The first week also happened to be their best performing week.

Here’s a screenshot of their week-on-week performance…

While both traders had a total of about 8% ROI throughout the month… the biggest wins were in the first week.

I started my first trades on 7 December and as such, missed out on the big opening.

Despite that, I still had a good profit by the end of the month.

But through this experience, I realised a few key learning points for any new person joining the platform…

How to Minimise Risk & Maximise Potential Gains

Ultimately, timing will always be an important element in any form of trading or investment.

And while starting as soon as you can would usually be helpful in your long term compounding effect…

In this case, it is more prudent to start only at the beginning of the month.

Imagine if someone had started on 21 Dec, the returns would have only been about 0.3%. Worse if they started on 28 Dec and made a loss instead.

After looking through this result, I decided to speak with Gary again and re-formulate a strategy for any newcomers.

Because the first month is perhaps the most critical…

That’s when the tension is highest as there is a lot of uncertainty.

Yet, the results have proven to work for me, and for Gary.

But it is important to follow several precautionary measures in place… one of which is the right timing.

If you would like to learn what the other measures are or are curious to learn more about this platform…

I’ve put together a forex interest registration page where we will answer any questions you may have about the platform as well as the things to expect.

I’m already quite impressed by the results and I believe it can work wonders for you too.

To learn more, just click on the link, register and I’ll speak with you soon with more details.