Lincoln FX Biography: The Story of Edmond Akenyah and His Journey Into Gold Trading

Edmond Akenyah, popularly known in the forex trading community as Lincoln FX, aka Lincoln XAU or simply Lincoln, is a Ghanaian forex trader specializing primarily in XAUUSD (Gold). A scalper and day trader by style, Lincoln has built his approach around price action, trend-following, discipline, and risk management.

His journey into the financial markets began in February 2023 after years of searching for ways to earn money independently and achieve financial freedom.

What makes Lincoln’s story particularly significant is that his journey was far from straightforward. Before developing consistency, he moved through several online business opportunities, struggled with different trading strategies, suffered significant financial losses, and made mistakes that nearly had serious consequences for his life.

Instead of allowing those experiences to end his journey, he used them as lessons.

Today, Lincoln describes himself as a trader committed to mastering the markets, continuously improving his skills, sharing his knowledge, and building a strong trading community.

Early Life and Education

Edmond Akenyah is Ghanaian and completed his Senior High School education in 2019.

Unlike many professionals in the financial industry, Lincoln did not enter trading with a university degree in finance, economics, or business.

His education in the financial markets came primarily through personal research, online learning, practical experience, mentorship, and countless hours spent studying charts.

One thing, however, had been clear to him for a long time: he wanted financial independence.

Lincoln says he never liked the idea of spending his entire working life in a conventional 9-to-5 job. He wanted greater control over his time and finances and was determined to find an opportunity that could potentially give him that freedom.

That desire eventually led him to the internet.

Searching for a Way to Make Money Online

Before Lincoln discovered forex trading, he experimented with several ways of making money online.

It started with a simple search on YouTube.

He wanted to know how he could make money using his phone, so he began researching different online opportunities.

One of his first attempts was affiliate marketing.

It did not work out the way he expected.

He subsequently explored dropshipping, hoping it would provide the opportunity he was looking for. That also failed to produce the results he wanted.

Lincoln then experimented with ExpertOption, but once again struggled to find consistency.

Eventually, his search introduced him to the forex market.

This time, something was different.

After moving from one opportunity to another without finding what he was searching for, Lincoln decided he would stop jumping between different ventures.

Forex would be his final stop.

He made a personal decision:

This had to work.

Starting Forex Trading

Lincoln officially began trading forex in February 2023.

Like many new traders, he initially believed that becoming profitable would primarily be about discovering the right strategy.

That belief sent him into a cycle familiar to many developing traders.

He would learn one strategy, use it for some time, abandon it, learn another strategy, and repeat the process.

He was searching for what traders often describe as the “holy grail”—a near-perfect strategy that could consistently tell him exactly when to buy and sell.

But the more strategies he learned, the more complicated trading became.

He eventually realized that continuously changing strategies was not necessarily bringing him closer to consistency.

At one point, however, Lincoln believed he had finally figured out the market.

That confidence led to one of the biggest mistakes of his early trading career.

The $900 Loss That Nearly Changed Everything

While still developing as a trader, Lincoln reached a point where he believed he understood the market well enough to make significant money.

He decided to trade with approximately $900 belonging to his boss, money that was supposed to be used for Mobile Money operations.

He lost it trading.

For Lincoln, $900 was a substantial amount of money at the time.

The consequences extended far beyond seeing a losing trade on a screen. Because the money was not his own, the situation placed him under enormous pressure and, according to Lincoln, nearly resulted in serious legal consequences.

It became one of the hardest lessons of his trading journey.

But it also fundamentally changed the way he thought about risk, capital, and responsibility.

The experience is one of the reasons Lincoln now strongly advises aspiring traders never to borrow money—or use money entrusted to them—to trade.

Trading already involves uncertainty. Adding the pressure of needing to repay someone else’s money can make rational decision-making even more difficult.

Despite the setback, Lincoln decided to continue learning.

He knew that if he wanted trading to work, something about his approach had to change.

Meeting COFFIEFX

A major turning point came toward the end of 2024, when Lincoln met COFFIEFX.

According to Lincoln, this was when many of the concepts he had struggled with began making more sense.

After spending significant time learning and unlearning different strategies, having someone provide direction helped him simplify his understanding of the market.

Lincoln credits COFFIEFX with playing a major role in his development as a trader.

Rather than continuing his endless search for the perfect strategy, he gradually developed a clearer approach centered on understanding price movement, identifying market direction, following trends, and controlling risk.

The experience also reinforced an important lesson:

Sometimes improvement does not come from adding more concepts. It comes from properly understanding and executing the basics.

Why Lincoln FX Trades Gold

Although Lincoln participates in the forex market, his primary trading instrument is XAUUSD—Gold.

He has focused heavily on Gold for approximately two years and has developed his trading style around understanding how the instrument behaves.

Rather than attempting to trade every available currency pair or market, specialization has allowed him to concentrate his attention on one primary instrument.

His preferred trading styles are scalping and day trading.

This means his positions are generally focused on short-term movements rather than holding trades for extended periods.

But despite trading on shorter time horizons, one of the foundations of Lincoln’s methodology is surprisingly simple:

Follow the trend.

Lincoln FX’s Trading Strategy

Lincoln describes himself primarily as a price-action trader.

Instead of making his approach unnecessarily complicated, he begins by trying to establish the direction in which the market is moving.

Once he identifies the prevailing trend, his preference is to look for opportunities that move in the same direction.

This is based on one of the oldest principles in technical trading:

“The trend is your friend.”

Understanding and respecting that principle has played an important role in Lincoln’s development.

Rather than constantly trying to predict when a rising market will collapse or when a falling market will suddenly reverse, he generally prefers to align himself with the existing direction until the market provides sufficient evidence that conditions have changed.

Price action then helps him determine potential opportunities within that broader direction.

For Lincoln, however, identifying direction is only one part of the process.

The second—and equally important—part is risk management.

Risk Management and the 3R Target

Lincoln combines his price-action approach with predefined risk parameters.

Depending on the setup and circumstances, he says his risk can range from approximately 1% to as high as 10% per trade, while generally seeking a target around 3R, or roughly three times the amount being risked.

The experience of losing money during his early trading journey made risk management particularly important to him.

He learned that finding a good setup means very little if poor position sizing allows one unsuccessful trade to cause disproportionate damage to an account.

Today, his approach places greater emphasis on knowing how much he is willing to lose before thinking about how much he could potentially make.

Three Years of Trading and the Road to Profitability

As of 2026, Lincoln has accumulated approximately three years of experience in forex trading.

However, he makes an important distinction between the amount of time someone has been involved in trading and the amount of time they have actually traded profitably.

Lincoln estimates that he has been trading profitably for approximately one year.

That distinction reflects one of the realities of his journey.

The first years were largely about learning.

They involved failed strategies, mistakes, losses, emotional decisions, experimentation, and eventually mentorship.

Only after going through that process did he begin developing the consistency he had originally been searching for.

One personal milestone from that progress was being able to purchase his first car, an achievement Lincoln associates with the progress he has made through trading.

For him, however, that milestone is not the end of the journey.

He believes he can accomplish significantly more.

The Biggest Lesson From Lincoln’s Journey

Perhaps the most important lesson Lincoln wants aspiring traders to take from his story is simple:

Learn before you think about earning.

Many people enter forex because they desperately want money.

Lincoln understands that mentality because it was part of his own journey.

He wanted financial freedom and was searching for a way to make money from his phone. But focusing too heavily on money before developing the necessary skills contributed to some of his biggest mistakes.

His experience taught him that a new trader should first invest time into understanding the market.

Learn how price behaves.

Learn a trading methodology.

Practice it.

Understand risk management.

Learn how you personally react to winning and losing.

Develop discipline.

Only then should the focus gradually shift toward earning consistently.

Most importantly, Lincoln strongly warns traders against borrowing money to trade or trading with money they cannot afford to lose.

His own experience showed him how quickly a trading loss can become a real-life financial problem when the capital being risked belongs to someone else.

From Strategy Hunting to Simplicity

One of the biggest transformations in Lincoln’s development has been moving away from constantly searching for new strategies.

During his early journey, every new strategy appeared as though it might contain the missing piece.

Eventually, he discovered that constantly changing systems was itself part of the problem.

Consistency required him to stop searching for perfection and begin mastering a defined approach.

Today, his trading is considerably simpler:

Identify the trend.

Look for price-action opportunities that align with it.

Manage the risk.

Target favorable risk-to-reward opportunities.

Accept when the market proves the idea wrong.

Repeat the process consistently.

The simplicity does not mean trading is easy. Instead, it gives Lincoln a clearer framework for making decisions without constantly changing his methodology.

Building the Lincoln FX Brand

Beyond his personal trading, Edmond Akenyah is developing Lincoln FX as his identity within the trading community.

His goal is not only to improve as a trader but also to share knowledge and contribute to the development of other aspiring traders.

Through social media, particularly TikTok and Instagram, he shares his journey and trading-related content with an expanding audience.

The community aspect of trading is important to him because mentorship played a significant role in his own development.

After spending his early years trying to understand everything by himself, meeting COFFIEFX demonstrated the difference that proper guidance can make.

As Lincoln continues developing, he hopes to combine his personal trading experience with education and community building.

A Journey Built on Persistence

Lincoln FX’s journey is not a story of someone who discovered forex and immediately became successful.

It is a story of trial and error.

He tried affiliate marketing.

He tried dropshipping.

He experimented with other online trading platforms.

He eventually discovered forex.

Then came another struggle.

He learned strategies and abandoned them. He searched for the perfect system. He became overconfident. He risked money that should never have been traded and suffered a major loss.

Yet he continued learning.

Eventually, mentorship helped him simplify his understanding of the market, and he began building a trading approach around price action, trends, and risk management.

That experience shaped the message he now shares with aspiring traders:

Don’t borrow money to trade. Learn first before you think about earning.

For Edmond Akenyah, the pursuit of financial freedom that began with a simple YouTube search has developed into several years of studying and participating in the financial markets.

And while buying his first car represents an important personal milestone, Lincoln sees it as evidence of progress rather than a final destination.

He is still learning.

Still improving.

Still developing his discipline.

And still pursuing the financial freedom that originally introduced him to the world of online trading.

Lincoln FX Profile Summary

• Full Name: Edmond Akenyah
• Trading Name: Lincoln / Lincoln FX
• Nationality: Ghanaian
• Education: Senior High School graduate, 2019
• Started Trading: February 2023
• Trading Experience: Approximately 3 years
• Profitably Trading: Approximately 1 year, according to Lincoln
• Primary Market: Forex
• Primary Instrument: XAUUSD (Gold)
• Gold Trading Experience: Approximately 2 years
• Trading Style: Scalping and Day Trading
• Trading Approach: Price Action and Trend-Following
• Typical Target: Approximately 3R
• Mentorship Influence: COFFIEFX
• Major Personal Milestone: Purchasing his first car
• TikTok: @lincoln_xau
• Instagram: @lincoln_xau
• Core Advice: “Don’t borrow money to trade. Learn first before you think of earning.”