Guest Writes: Who wants to be a Millionaire?

Written by: Dave Green • Thursday, January 17, 2013 • 2 min read

• Last updated: Thursday, January 17, 2013

My name is Bernard Holister. I am 31 years old and have been working as a marketing manager for the past four years. When I started forex trading in 2009 I had heard a lot about forex trading such as it being easy money within the reach of everyone, because of this I started trading as well, however, I initially lost money in my first 2 months trading.

Then I started taking or reading webinars, seminars, forums, trading tools and other techniques. Since then, I started taking my steps cautiously and performing deep analysis before I opened any trading position. Same goes for trading gold and other commodities. I don’t trade to show other people that I am great at it, or how fantastic my decisions are, but rather because I want to make even more money. I would love it if someone else is able to make a bit of money just by following me or copying me.

My best achievement in the forex field was to make $12,000 profit in 1 month, and going for the 1^st prize in the FXML challenge (I got a nice bonus for this:)). I was over the moon during that time and I made decent profits again and again without losing very much.

Today, I combine 3 trading techniques: eToro CopyTrade (OpenBook), following FXML signals, and self-trading (2-3 trades a day). When I saw this copy-trade feature in eToro it fascinated me but at the same time I was uncomfortable with the idea of putting my money on somebody else. Later I thought that if everyone is here to make money and no one likes to lose money including the people I am copying and those copying me. I would actually like to inform those copying me that before I make any trade I perform deep analysis, not because 50 or 500 traders are copying me, but because I want to make money without losing.

I had the same fears with copying your signals, but after testing them for a day or two I found them to be extremely good quality. It is unbelievable that the signals are available for free and all I have to do in order to make profits is open my trading account and copy them.

You asked me to write advice for novices, so here it is. My advice is that before anyone starts trading he/she should take into consideration various things such as market volatility, political and economical news, and unrest in any major country. Do your analysis before you start trading and if you are new to forex trading follow or copy someone who has been doing it for a long time and is making good money. Over time you will learn what these successful guys do and how they do it.