From Forex trading to “gateman”.
They were three partners. Two of them were actually the same age as I am. Infact one of them was an old classmate of mine, Abbey was his name I remember his name so clearly and his face ’cause I was the class captain at that time. Abbey and his other two partners were already big boys, trading forex. They were already using laptops, renting offices at Ikeja and dressing ‘cool’ while I was still struggling to earn money even for “cafe time” (still paying the price for success). This was 3years agone when Forex was at its peak and they were making it trading for themselves and also trading for other investors. the next stage they were looking unto was buying a jeep or car. It was all rosy…before we lost contact.
Fast forward to the present, 2years later and all that glory has gone. within months they lost over 15 million naira trading forex. Abbey has now decided to go back to the university and face his studies, the other young man is now a “gateman” just down the street of my office and the third…well! I didn’t ask. but I knew his case may also not be rosy.
The First time I heard about forex. It was about 3years ago, when all the hype about making dollars from it was at its crescendo. Thank God I didn’t have much money then (even to attend a seminar) or I would have dabbled into it without much knowledge. compared to what I have now.
Forex trading is all about having the right knowledge and the right tools. And it needs time investment. dedicated time investment. I also had a friend, I’ll call him Musa*. Musa was actually in one of my Internet marketing seminar years ago. Noooo! No! I wasn’t teaching Forex. I was teaching how to sell products and services on the net, webdesign and Co. Well! The story ended with Musa heading to Kaduna from where he came for the seminar. And then early this year when we met at a Google event, we got talking. Musa said he was presently trading forex had been since last year and had actually lost 2.2 million Naira, part of which were investors funds. And investor’s not wanting to hear stories decided to call the EFCC into the show, so Musa spent 2 months in EFCC’s Cell. But all those were history Musa said, “I have now recovered. I learnt my lesson and now I am making it in forex trading. And with my own money of course”
Loses make good traders. but how would some on loss so much as to loss Millions. Aint it greed or what? I am currently trading forex but have not made the millions neither have I lost and will never lost up to a million ’cause according to the book of Francis Chapter 4 verse One to the end, “never enter a Forex trading with greed.”
People should learn that forex tading, is not a get-rich-quick scheme. if you want one go try baba ijebu. It takes time, patience, Capital and enough learning and re-learning. One other thing, in forex traders will lose, some traders will win, some will come and some will go but the forex market will remain…and smart investors (like the banks) will keep making money from it.
I have heard so many Forex horror stories. Have you heard any? please type It below for us to learn something from.
* not real name.
