Hi, My name is Bence Kocsis. I was born in Hungary and I am 31 years old. I’ve always wanted to be successful and financially independent and I quickly realized that it was impossible for me to reach that standard of living from a regular job in the short term.
Like most people, after graduating from school, I worked five days a week and didn’t realize that this is the kind of life I want to pursue in the long run.
Part of my family has lived and lives in England to this day. Life is not so wonderful in Hungary and I have decided to try my luck for a brighter future. In 2012, I turned 21 and started work in a restaurant as an Assistant Manager. I was making good money but soon realized that working in the restaurant business, wouldn’t get me to a dream car or a home. Trying to receive passive income while working, I had to think about different types of ways to earn money. In 2014 I saw a plus500 ad on a billboard, and I had to take a further look what this was all about. I searched the internet and saw that various products that could be traded, including gold, oil, grain and other things that I had no idea what it really was. (Forex)
On a beautiful summer Saturday, I decided to try a course on Forex trading.
To my great luck, that day a course was started by a Trading Mentor named Charles.
A little later I arrived and I convinced myself that before I enter the classroom I will meet a lot of like minded people. I completed the course Successfully. Later I would try to implement these new ideas into my trading, but it didn’t go as well as I wanted. I was undisciplined, thoughtless and too ambitious. Let me not start saying that after a lot of fails, I felt like I was not doing something right and I tried another forex course. This is how I met a guy called Roy.
I Actually owe him a lot of things. I learned a lot of useful strategies and knowledge , but the strategy I use is something I have developed completely differently. To say a few words, the first two years of my life have been very hard. I have failed a lot because of my recklessness and greed. I’m sure most of you have the same problem. Believe me its better to learn mistakes from others rather than from your own. For me, this meant I have successfully wasted 2 years …
The most common mistakes I made were: I entered into positions badly and didn’t use Stop Loss. If I used my Ego a bit I would always give the market more space than I had planned and that led to a strong drop… In the first two years I had a few nice trades, but due to the large opening of my positions I, like anyone else wanted more… what lead to me being greedy and impatient. And that ofcourse led to me closing positions earlier. What do you think happened next ?! Obviously, the market came back to its entry point and I closed my position at zero. Of course, after this downfall came the realization… But the profits were gone… The person who records the fall but does not make a profit on weekends the position will keep getting smaller and smaller ..The Big Change For Me After finding my strategy based on manipulating market-moving personalities and I starting to use Money Management my only opening positions with a risk reward to at least 1: 5 !!!
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