My Plans To Make A Profit This Year || Contest Entry by victoh78

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Introduction

Hello everyone and our fellow business like-minded individuals on today's episode in my blog I'll be talking about how I plan to increase my profit from forex trading by the end of the year.
I am truely grateful for this contest and would like to invite @yimzyemazor @cryptozahid @seleke to participate in this contest.

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What is forex trading

Fores trading is a form of trading which involves the buying and selling of currencies pairs with the use of foreign exchange brokers.

In essence we make money when we buy low and sell her or buy high and sell low.

Yes it might sound so easy to buy low and sell high and make profit but there are a lot of technicalities involved in the forex market which often causes individuals to lose money.

Such technicalities include the use of lot size, leverage, spread, swap and various others, without proper knowledge of the market it becomes very easy for individuals to loose money.

I have been a victim so many times and I was pleased when I heard of this contest as it offers me the opportunity to update you all on the steps I have taken to increase my profit from trading and ensure I don't lose money anymore.

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Steps taken

I have taken the following steps to increase my profit this year and I hope you all would enjoy reading them. My

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Joined a forex class

The first thing I realised is that knowledge never stops.

So i was quick to grab the opportunity of joining this forex class when I was offerred the opportunity.
I get to be mentored all over again about various aspects of forex which I might have taken for granted the forex class is a paid class which goes for $50.00 for three months by the end of the three months I would have acquired one or two additional skills which would help me to become more profitable.

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Joined a group of forex traders

From the forex class I met a lot of like-minded individuals such as myself who were experiencing the same problem or a degree of the problem so together created a forex group chat in which we would send signals and analyse our trade thereby increasing the odds of us making money this is so because two heads are better than one.

So far the aim of the group chat has been positive we started with 3 members but their daily members from the main Forex group chat keep messaging that they want to join our private chat so we can all be caught up. And discuss our trading strategies.

So far we have been careful not to allow anyone into the group chat without proper information that such a person is of like mind as we are and is willing and able to put in efforts .

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I subscribed to a trading chanel

It is said that no knowledge is a waste hence in order for me to further fine-tune my training skills I subscribed to a trading channel of a popular known forex trader who is very good and has a high profitability rating.

Also on the YouTube channel I get to watch his during his life trades and seee what he does in various situations.

I have been able to learn alot from just watching him his life trading vidoes which start everyday by 3pm Nigerian times.

In addition to his life trading videos he also have content of various trading indicators.

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I downloaded essential application

In order to make even more profit and become a better trader I realise that I had to have information at my fingertips and I would require the help of various technical application.

I went on to download the following applicatons you see above as they one way or another help me to become a better trader and safe time I would have spent.

The first three application are forex brokers
I decided to test all three as they all have thier merits and demerits.

Rather than just using one broker I decided to use three brokers.

I use FBS to trade forex market.

I use OCTA fx to trade options

I use EXNESS to trade. Crypto

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Investopia : tells me the latest information about both forex, crypto coin , currency indecies and various others. It is an all round application and an essential for forex or any futures trader.

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Pivot calculator : is used to calculate the daily pivot point as its pivot points are essential in trading. They tell you the possibly fundamental support and resistance of the following day using the previous day price action.

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Forex clock : this aplloge enables me to monitor the various time zones and to know the best time which I can trade.

Note :

All tagged images were sourced from my mobile device.
10% Set To Account @businessactivity

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Conclusion

Source

To make profit is the goal of every business which is why I have taken it to heart to make sure that I became a very profitable trader.

I have taken the above steps to ensure that I become better at what I do and I hope that who ever that's reading this will be someworth motivated to try his or her best in whatever business activity he/she is engaged in.

I would like to comend the organizers of this contest for all this good works and thier ingenuity.

I look forward to more challenging and inspiring context to come.

Business:	plans to increase profit by victoh78
Username:	@victoh78
Owner's name:	Victoh nnodim
location:	Nsukka, Enugu , Nigeria
About Us:	Presentation