I have been trading now for 6 months (since October 2007). Am I dissappointed that I did not start with BWILC!!! Why was it not available then on every search engine on forex trading?! It took me 3 days to read BWILC!
You probably wonder why the topic BWILC. What a disappointment. Well it is to bring the point across that I am sooo disappointed in not having this from the start!! Please read the whole story.
I was caught by the marketing gurus! Trade with 100:1 or 200:1 leverage. Another popular that I got was: "This software program gives EXACT entries to maximise profits." Well my account did not grow as you could imagine! Instead I lost and do not want to give figures here!!!
What opened my eyes was the LEVERAGE. 1:1. The problem I think with most people in excepting this is that is going to take longer to make money if you use 1:1. Well if only I used 1:1 or even 5:1 I would not have lost the money I have! One thing rings true now more than ever is:"There is no such thing as a quick buck!" The thing is that many of my trades ended up to be winning trades but due to High Leverage I had to close the trades to "CUT MY LOSSES" Well I wanted to run my PROFITS but is was very little of those RUN MY PROFIT trades. The thing is I ended up only "CUTTING MY LOSSES" The reason for this was LEVERAGE. It is explained so clearly and simply in the book that it just makes sense.
Another eye opener was PROBABILITIES and FUNDAMENTALS and the importance it plays in trading. Relational Analysis!! As said previously my trades ended up being winners (after I already cut my losses). I realise that we need to ask what it probable to happen?
4 * 1 Strategy. After all the technical analysis information I got and trading on that it is a hard pill to swallow. I must say I have done it now for just under a week on the limited information I have and the limited interpretation of it and the results are Stagering!! Good that is!! I will rather trade this way and no other way at all because the other way(s) have not worked and I have not CONSISTANTLY made money by using the other way(s). What is more strange is that my technical analysis says that the the trend now is down and I must Short but I have only bought (Eur/$) and so far have a 100% record trading 4*1 strategy. I am down on one position though but even if I close that loosing (now shirinking too and will probably end up being a winner) I will still have better results that I have had since I have started trading!
I look forward to the mentorship and I so have wished that I started my trading experience from the start using BWILC principals and mentorship.
looking forward to recovering those losses by using the 4*1 Strategy and all BWILC principals!
