Taking into consideration the increasing popularity of Indian Fx market, the other day I decided to interview one of the most successful traders in this sphere, Mr. Murali, intending to illustrate the way he passed before becoming such a successful trader.
- Hello, Mr. Murali, how are you?
- Fine, thanks, preparing to satisfy your curiosity regarding my success.
- I know that you have a great success in currency exchange market. From what source did you get aware of the existence of the current means of earning money?
- To tell the truth, I have always come across that term “Forex” everywhere in Internet, in the street on the signboards, etc.. Maybe I would never have a notion about how to earn money through currency exchange, until once one of my colleagues told me how much profit he had made, possessing only $100. First I thought that it was something like a roulette game, and then my colleague noted that the only thing that unites Forex trading and roulette game is that in the core of both of them lies a risk. In other aspects they are different, particularly Forex trading requires a close study.
- So, when did you decide that earning money this way is the best choice for you?
- I was working in a financial company with quite low salary. Once thinking over how to increase my welfare, I remembered my colleague. Ringing him up, I told him that I was interested in currency exchange market and asked him to give me some instructions how to start that peculiar kind of business. He lent me a Forex manual, recommending to go deep into that world before becoming a trader.
- How much time did it take you to gain deep knowledge about Forex trading?
- It took me six months. My initial step was to grasp the theoretical part of Forex trading. However I had a feeling that basing only on the theory will not be a reasonable decision, some practice is just obligatory. So I opened a demo account and started to trade with virtual money.
- I see we are gradually approaching the main point. When did you make the first notable profit?
- After a year of making some slight profits and suffering many losses I finally recorded a really great profit. My initial deposit being $200, I made a profit of $2000. This was followed by greater and greater profits, until I realized that my financial means are enough to absolutely satisfy my needs.
- So, what would you advise to those who are still hesitating about becoming a participant of Indian Fx market?
- I would advise them not to be afraid of failures, they are inevitable, I assure you. Take a risk, be confident and never give up. Success is ahead.
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