But soon after I opened my account in eToro I came to know that everyone here is a hungry dog, trying to snatch a piece of meat from your hand. From broker to signal service provider to IBs (introducing brokers) everyone is trying suck your blood ASAP........
In very first month I lost 993$ but my "friend" promised that soon not only he will recover all of my money but we will make huge profit as well. Thanks to Allah Almighty I didn't took loan to invest in Forex otherwise I would have been in serious trouble right now. It was only my father who provided my this huge sum of money and he is the only one who covered my blunders in life (including this one. Thank you papa!)
After this loss I became too depressed and started thinking about causes of my loss. I came to know that Forex is NOT an easy money at all. Online Forex is the job of very high end qualification (in finance of course) and experience with extensive market analysis and research. It is not the job that a medical student can do or some fat-ass lazy bluffer can perform. One thing I want to make clear that you can still make 5-10$ a day with little experience but you know this money may be acceptable to some Pakistani who can't do anything else but not if you are living abroad. My "friends" who were actually IBs know nothing about finance but we doing this only on the basis of limited experience and their shallow understanding of Forex charts and indicators.
At the end my when I thought I was losing all of my money, I decided to confront my "friends" in plain manner but they also turned their eyes and stopped trading in my account. They stopped attending my Phone calls and replying my SMS and chat msgs. I am still living with loss of nearly 100000 rupees and guilt that why I believed such ****.