A BRIEF HISTORY OF THIS STRATEGY
I started this research on foreign exchange trading in January, 2008 after I first came in contact with some forex mentors who were the moderators in a live trading room owned and managed by forexpeacearmy in November, 2007. We were made to pay a monthly subscription of $300 to be a part of a live trading room where we would be told the kinds of trades to take. After a few months I decided to leave the trading room because I could not get the value for the huge amount I paid as a monthly subscription because, the trade calls were not only insufficient but were way below expectations. If I had made enough profit to cover the monthly fees, I would have continued with my membership.
It was this failed attempt that partly inspired me to start my individual research with the hope that within six months I could be through with the research and start making "serious money". I was wrong as I discovered that the moment I thought I had made some discoveries on how to successfully trade forex for profit, the reality stared me in the face with the fact that such " breakthroughs " were not reliable or they were decisions I made without any empirical evidence to support my claims.
It was at this point I realized the "forex truism" why only 5% of forex traders and investors are successful, with only 2% hugely successful as forex giants or gurus and the rest 95% as losers.
When my theories became hypothesis and my dreams faded into myths, I decided to quit so as to concentrate on my business in 2011 after three years of research exercise in futility. I had just wasted
three solid years of my life "doing nothing" I thought.
The Great Come Back:
But I was wrong because something dramatic happened in September, 2012 when we went on a family vacation to the United Kingdom. We planned and booked to stay for just two weeks in an
exclusive and expensive Providence Wharf with all the luxury you could better imagine. A few days into our stay, my wife changed "gear" to the effect that we should extend our stay to four or six weeks without considering the extra costs. My children were divided on the issue of a longer stay. She went as far as threatening to jump into the river from top of the London bridge so as to wake up in the hospital and force us to stay longer. Though we laughed over this mild drama, I felt something in my subconscious mind to revisit my research work, but why?
Two things readily came to mind. One, if I was doing business back home which did not require my presence in the office at all times, I would have been able to do a vacation of many weeks or even months. Two, what was my average income as a Chief Executive Officer/Managing Director of Cash and Balance Nigeria Ltd, Financial Services Providers? There was no way I could afford to stay in London or any other expensive city for weeks without breaking the bank. I now remembered my philosophy of life way back in college: "I will never admit failure until I have made my last attempt and I will never make my last attempt until I have succeeded." It was at this point I decided to resume my research work again after a year in "limbo".
The Trial Of The Strategy:
I concluded the research two years later in November 2014, making it a total of five years of intensive and extensive work with sleepless nights while my social life suffered a set back. I decided to test run the strategy in four different websites by posting my live trades simultaneously in all of them.
These are the links for your confirmation:
The New York Stock Exchange is $28Billiom US Dollars.
I started this research on foreign exchange trading in January, 2008 after I first came in contact with some forex mentors who were the moderators in a live trading room owned and managed by forexpeacearmy in November, 2007. We were made to pay a monthly subscription of $300 to be a part of a live trading room where we would be told the kinds of trades to take. After a few months I decided to leave the trading room because I could not get the value for the huge amount I paid as a monthly subscription because, the trade calls were not only insufficient but were way below expectations. If I had made enough profit to cover the monthly fees, I would have continued with my membership.
It was this failed attempt that partly inspired me to start my individual research with the hope that within six months I could be through with the research and start making "serious money". I was wrong as I discovered that the moment I thought I had made some discoveries on how to successfully trade forex for profit, the reality stared me in the face with the fact that such " breakthroughs " were not reliable or they were decisions I made without any empirical evidence to support my claims.
It was at this point I realized the "forex truism" why only 5% of forex traders and investors are successful, with only 2% hugely successful as forex giants or gurus and the rest 95% as losers.
When my theories became hypothesis and my dreams faded into myths, I decided to quit so as to concentrate on my business in 2011 after three years of research exercise in futility. I had just wasted
three solid years of my life "doing nothing" I thought.
The Great Come Back:
But I was wrong because something dramatic happened in September, 2012 when we went on a family vacation to the United Kingdom. We planned and booked to stay for just two weeks in an
exclusive and expensive Providence Wharf with all the luxury you could better imagine. A few days into our stay, my wife changed "gear" to the effect that we should extend our stay to four or six weeks without considering the extra costs. My children were divided on the issue of a longer stay. She went as far as threatening to jump into the river from top of the London bridge so as to wake up in the hospital and force us to stay longer. Though we laughed over this mild drama, I felt something in my subconscious mind to revisit my research work, but why?
Two things readily came to mind. One, if I was doing business back home which did not require my presence in the office at all times, I would have been able to do a vacation of many weeks or even months. Two, what was my average income as a Chief Executive Officer/Managing Director of Cash and Balance Nigeria Ltd, Financial Services Providers? There was no way I could afford to stay in London or any other expensive city for weeks without breaking the bank. I now remembered my philosophy of life way back in college: "I will never admit failure until I have made my last attempt and I will never make my last attempt until I have succeeded." It was at this point I decided to resume my research work again after a year in "limbo".
The Trial Of The Strategy:
I concluded the research two years later in November 2014, making it a total of five years of intensive and extensive work with sleepless nights while my social life suffered a set back. I decided to test run the strategy in four different websites by posting my live trades simultaneously in all of them.
These are the links for your confirmation:
As you could see from the name of my blog, it is comprehensive news trading, the only way forward.
After twelve live trades within four months, I got eleven live trades correctly which is within 92%.
But I soon discovered that I was either closing trades too early or I was not entering trades early enough. Above all, I relied too much on the BIG DATA reports that I hardly could trade at times for up to a month because no big data impact report to trade. I again decided to extend the research to cover other economic data and reports from nearly all the G-20 countries covering all the major currencies.
If you cross check my 2015 new year resolution, I indicated my desire to belong to the group of 2%
"Wise Men and Women" who are called the FOREX GIANTS because they so much understand the intricacies of the forex market that no other thing matters much to them when it is about making money, because they have taken the act of making money to be a child's play. Another year was spent consolidating and harmonizing the strategy. I am a perfectionist and I strongly believe anything worth doing at all is worth doing well. Any attempt and serious hard work to be perfect may be rewarded with Excellence.
It is the combination of these pieces of information, knowledge and understanding that have given me the confidence, conviction and courage to come to the assistance of those who are not as privileged as myself. Not to talk of the empirical evidence within my disposal that I feel I may be able to impact positively on the lives of millions of people world wide. It is very annoying to know that only 5% of forex traders are successful. This is the reason why there is proliferation of forex brokers because our losses are their gains. You cannot expect them to teach you any secret that will put their business at risk.
THIS IS A LEGAL BUSINESS WORLD WIDE .
In case you are wondering whether this is a legal business or not, please be careful the kind of people who ask. You can easily ask any of the minsters of: Finance; Labour and Employment; Science and Technology; etc or the CBN Governor; the Vice President; all of them through email or their twitter handle. There is nobody in the society today we cannot reach due to technological advancement.
Some people you would expect to learn much from can turn out to be highly ignorant. This reminds me of what my friend told me in New York in September, 2013 when we were again on a family vacation. We were discussing the looming US Government Shut Down and how it would affect the US Currency, the USD.
I was shocked when he said that forex transactions or trading is an illegal business in the US and that two Nigerians were arrested and prosecuted. I was dumb founded when our land lord, the owner of the apartment where we stayed, echoed the same thing. The popular Wall Street in New York is right near their homes which is housing the New York Stock Exchange, the largest stock exchange in the world. This discussion came up when I predicted the US Dollar would fall as a result of the ill fated US Government Shut Down. The American Congress were going to vote to prevent a total Government Shut Down. I entered a trade to buy the EURUSD and by 10.30 AM that same day of Congress Vote, I had made some profits and it was with excitement I told my friend when the issue of illegality came up.
Some people you think are knowledgeable may actually be intellectually bankrupt and they cannot learn and yet will stop others from learning. Ask them what is foreign exchange, they will mislead you. Why is our foreign reserve in US Dollars, they will tell you something irrelevant instead of keeping mute if they do not know. Everybody will be " forming" CBN Governor or his deputy with "details" in their imaginations.
When I see some people who say they are stock brokers here in Nigeria, I sympathize with them.
What is the size of the market and what level of transparency? The forex market apart from being the largest in the world, is the most transparent with a daily volume of $5.3Trillion US Dollars, followed by the commodity market with $437.4Billion US Dollars, followed by the equity market with $191Billion US Dollars. All these are daily volumes. Why not delve into such markets and make an impact if you are so knowledgeable about the stock, equity, commodity and foreign exchange markets?
The New York Stock Exchange is $28Billiom US Dollars.
What is the value of all the stock exchanges in sub Sahara Africa? The issue is that, if one million
traders are able to pull out between $200Million US Dollars and $2Billion US Dollars on monthly basis, the liquidity providers will not feel the impact that such money leaves their coffers because most of the liquidity providers are "richer" than several countries.
*************Share this news and let us experiment, as they say, no harm in trial.************
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