InstaForex

Monday, October 29, 2012

Venturing on Forex | Is a million dollar worth transaction possible?




We have never seen such trading before and will hardly see soon.” - Aleksey Badjanov, Dealing Department representative.

Most of us would fancy how we would spend a million dollar if we ever got hold of such amount. I cannot deny that it is such a hefty sum and it could sustain every luxury that I have dreamed of. A sports car, a vacation house in a far flung island in a secluded Asian region, a trip around the world, all the beers that I could drink, a non-stop party on my mansion, and even a wine and dine with the rich and famous. All of these and more can be attained with a million dollar, if only I had that sum. Those thoughts linger on my mind as I read a trader's ordeal – Mr. Akhmad Arief.

The initial deposit of Akhamad Arief's account was only one gran. According to the interview, he has been trading for 5 years already and just opened a high risk account with InstaForex last July. His tactics were a sort of one time big time positions, wherein he would choose a high leverage and bet all of his capital with the use of a win-win and risk strategy. The first month of July was in his favor, his account ballooned until it reach the million dollar point. But due to the unpredictable nature of Forex, it popped the balloon into nothing. The second half of July was fatal to his account and wasn't able to save any amount because he was out of the house when the tide turns unfavorable.

It was really disappointing occurrence but our champion is yet to yield. He said that he will try again his luck. Also in the said interview with InstaForex, he gave an advice to beginner traders to learn the basics and don't stop learning new things about trading. Stir your curiosity and always diligently seek for answers in whatever question that may come up.

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