Loosing or winning after 6-12 month live trading

Hello everyone,

Who is still loosing money after 6 months of trading ?

I made 4% profit in about 4 months , I know it seems not a lot but I did not loose any money :slight_smile:

I used to blow 3 accounts in 5 years time, only now using my low risk robot I am able to make some profit!!!

Would be interesting to know other people’s experiences.

It’s been 8-month trading in live account. However, I only increased my capital only 2%. I used demo account for 4 months. I think, I started in live account too early. If I spend couple month extra in demo account, now it will be another scene.

Well, the reality is you just never know. You could trade for a year on demo and make a good return and switch to a live account and make a loss. At least you have not blown your account or still made some profit ! If I can help in any way let me know :slight_smile:

Congratulation on your success. I had to wait 4 months to see the profit.

Thank you ! Same to you! 4 months is not a long time in Forex. The hard part is to keep the profits up !!! I track my trades on MYFXBOOK FXSimpleLondon's Profile | Myfxbook

Do you trade manual or with a robot ?

Like any business, Forex is going to cost you money one way or another while you learn. Whether it’s through books, mentors, courses, or through the school of hard knocks, one way or another there is always a cost to do business.

You need to treat these costs as overhead, inventory, tuition…whatever you want to call it. For some of us it has been much, much higher than for others. It all depends on the individual and how they manage their capital. So whether it takes you 6 months, 2 years or 5 years to become profitable the important part is to remember that these costs are all part of learning a valuable skill, or trade. And when you become good at that trade then you will eventually recoup those costs.

Very well said!!! It took me 5 years I am only profitable now after using my own robot, which helps me a lot. I have blows 3 accounts before worth of £6000 & spent another £9000 on education to find out that I trade best with my own developed algorithm with low risk setting. I used to trade with way to much money - I definitely learned the hard way!

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