Well, after 2 days of forex trading I have decided there are better ways to put $5000 to use than to risk losing it all in the hope of being able to make $10,000 – $30000 per month. Yes, I am quitting. Call me a quitter. I lost $335.48; but that’s not really the reason I’ve decided to quit. I’ve decided to quit because I came quickly to the realization that I don’t have the mental fortitude for forex trading. My depression has worsened in the last two days directly as a result of losing money. My stress level has hit the roof. Who knows, maybe I would have been able to make money. Just because I lost $335.48 my first two days doesn’t mean I would have kept on losing; but considering my current financial situation I am not sure it makes that much sense to take the chance of blowing money in forex trading.
I am a little bit disappointed but I feel like I’ve made the right decision. Now I have to figure out, if not forex trading, how am I going to make $500 – $1500 per day?
UPDATE: Well, my son was disappointed in me for quitting so easily so I cancelled the request to close my account for now. I guess after all the time spent preparing to trade I might as well see this through to the end.