LOLOLOLOLOLOL … the complete nonsense that gets posted is a complete explanation as to why 90% lose money.
I no longer believe this figure of 90% of forex traders are losers, it has to be much higher on a long term basis.
Every system has a quantifiable statistical edge. Sometimes the edge is positive, for most it is negative, but it exists.
Similarly, every business has a quantifiable edge, some flourish, some go bankrupt.
Whether it is a trading plan or a business plan, spend your energy on being completely consistent with your plan. Because you do have a comprehensive and detailed and written trading plan, the same way a business has a written business plan, don’t you?
Study the true results of what you are actually achieving and do not deceive yourself, “to thine own self be true”.
Modify and adjust when needed, not on a whim or a hunch, but through the use of rational thought and maths. Repeat the analysis to verify the results in the real world, not the fantasy imaginary world that most retail traders are inhabiting.
It also seems to be the world of the scammer, the fraudster, the marketing of the guru, and the investment funds with zero track record but promises of unlimited riches.
I had better stop since I am actually getting quite angry with the amount of scamming that is going on this board. It takes most people years of work to accumulate some capital. If a person makes £50,000 a year, maybe they can save £5,000. So £10,000 that the scammers here want is TWO YEARS of toiling at a job to get that money. Two years of work that will be taken from them and wasted in so-called systems or investment funds that have zero chance of long term success from the beginning.
“Every battle is won or lost before it begins”, — Sun Tzu; and that is certainly true of trading.
If a moderator wants to ban me, please feel free. I have tried to keep my comments civil, but it is simply unconscionable to allow some of the statements on this forum to go without challenge. To not challenge them implies acceptance, and frankly many threads should be outright deleted and the accounts of the marketers banned.