My first step to start join forex was selling my unit trust that I had bought about a year ago. It was bought at RM0.25/unit for total price of RM6000. It was then sold at RM0.1415 and I just could get only about RM3700. It was a loss of RM2300. I had to accept the loss was inevitable given the global economic decline which also affected China where my unit trust investments were made. Actually I had invested in Public Islamic China Ittikal hoping the dragon will breath out fire and set the economic powerhouse to greater prosperity.
So with the RM3700 I got, I bought USD900 worth of Liberty Reserve from JT Gold and deposited it into my LR account at libertyreserve.com. From libertyreserve.com I transferred the money to Marketiva which I had opened an account beforehand. Now Marketiva is a broker that deals with forex, gold and commodities businesses. A week before I had tried with the USD15,000 worth of virtual fund in my account and did my buy and sell with it with great success. In a week I had managed to profit about USD1500. Now that was excellent because I did not trade fully for the whole week. It was just sporadic and on the spur of the moment when the interest on it drew my attention.
So my success with my virtual account had set my mind to trade with real money. That's when I parted with my trust...I mean unit trust and set my mind to earn real money with forex. More of this later.
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