ALL ABOUT ME

I am chief Isaac Oamen Iselobhor, a native of Ibore, Irrua, Esan Central Local Government Area of Edo State, Nigeria. I am the CEO of Cash and Balance Nigeria limited, established since August 1st 1989, we are financial services providers. The operational Head Office is on 35, Obafemi Awolowo Way, Ikeja, Lagos, Nigeria.
I entered the forex business in 2007, full of hope and optimism. I subscribed to several forex trading 

"techniques" which were mainly technical in nature and design. I attended many seminars and work shops to prepare myself  for the challenges inherent in the forex market. I spent a lot of money on forex education and some were just repetitions of the previous ones I had earlier. I was now ready to start the "real deal" trading. I was also advised to subscribe to some forex trading signals. I really felt

at this stage, a burning desire to start making money. I quickly did as I was advised. I bought some trading signals from about five different organizations who claimed to be "specialists" in the art and craft of forex trading.

I then opened a demo account to enable me master the SKILL of trading in 30 days. That was how I started. The first few days were quite eventful. My first day as a forex trader was very memorable as 

I made substantial profit and I wished it was real money instead of the virtual cash that it was. I became eager to open a live account. The second day was even more profitable. I was now heading

towards being financially independent, I thought. The third day appeared as a horrible nightmare. As

I was trading, I started to rake in "serious profit" and I was quite happy, not because I was making money, but the ease at which the profit was "rolling in". To my greatest surprise, the market just moved against me and wiped out the profit of two days trading . I was shocked, is an understatement. I was in a state of confusion. I hurriedly closed the trade and I sent an email to one of the signal providers, complaining of what happened. The response I got further compounded my confusion. The long and short of the story is that, there was an economic data that was released in the UK at about 09.30 AM that morning which affected the move in the market. I was now wondering why I was not given this piece of information before I bought the signal. It was a few months later that I knew the reason.

I started trading and after about two weeks later, I opened a live account . I was now more careful in trading because the fear of any economic data, became the beginning of wisdom for me. I curiously stumbled on a site where the calendar of economic indicators was published. The first trade on my account recorded $1250 loss out of  a $5000 account with MGFOREX. The first thing I noticed was that the stop loss of 5 pips away from the entry price was not honoured  but instead, over 24 pips were recorded against me. I protested immediately and they quickly referred me to a portion of their 

RULES and REGULATIONS which were draconian in nature, and it was stated that the position of stop loss is not a guarantee , or some thing like that and I continued to trade.

One day, during economic news release, I placed an order which was in my favour. I was surprised

that when the take profit level was hit, the trade was not closed. I tried unsuccessfully to close the trade manually all to no avail. The platform was frozen. The trade was now reversing against my position. My profit started dwindling, the account was now recording losses. Normally, I protested

until my emails were no longer being replied to, and the entire account was wiped out. DAY LIGHT
ROBBERY.

I then shifted base to NORTH FINANCE. My experience with them was worse than that of MGFOREX. I did not even know then that North Finance had been blacklisted by their Home

office in Cyprus. After they succeeded in duping me of all the money, I again shifted base to GFTFOREX UK. I was well received by their well spoken representatives and account officers. I was re-trained on the use of multiple technical indicators and analysis, not knowing they were designed to

mislead and defraud innocent forex traders like myself. Before I could say Jack, they were "through" with me. The last trade I placed with them, they recorded a 54 pips slippage against me in a market that was not volatile and there was no spike.

I later tried PIPFOREX and FOREXWEBTRADER before I decided to hang my "gloves". This was what actually informed my decision to go into this research. The fraud in the forex business is too much. The most guilty are some forex brokers who master the acts of short-changing their clients. I therefore stopped trading in order to concentrate on some aspects of my research work. After 5 solid years of intensive research, I have decided to place my findings and strategy on  PUBLIC DOMAIN. This is the reason behind my decision to post LIVE TRADES for public assessment and to find out if I had wasted 5 glorious years of my life after the disappointments I witnessed in my learning days which I highlighted above.

I want to know the clear message to give my children. Whether it is profitable or possible to trade forex for a living. Since the latest survey showed that only 2% of forex traders make money trading forex, I am eager to know where I belong and if I will be able to assist others to become professional forex traders. I did not go into this research to SELL the knowledge but rather to assist as many people as possible and reduce the 98% losers to at least 90%. I want to make this appeal now:

Kindly scrutinize my posts and the timings and if you feel or see that they are not in harmony, make it public because I do not want to be categorized as those fraudsters who publish HISTORY.

I want all of us to know if this strategy will help us or not. Thank you all I wish everyone a successful

forex trading experience.