I think you need to help yourself mentally and emotionally before taking trading any further I am myself a beginner but one thing I do no and have learned over past few months is that the financial markets a definite a way of becoming financially independent but from everything I’m learning and feeling myself when I’m trading it’s a mad emotional rollercoaster I think the big key to being successful is controlling our emotions and having the right mindset and last but not least putting a shitload of hard work in too it. Oo my grammar is terrible too 
can’t spell lol.
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I think one the best things happened to you. You are lucky that you didn’t win in your early days of trading. Start paper trading and make some money using stop-loss boy. After 100 trades, look at your balance chart. If you see almost linear growth, go trade 0.01 lot (not more than that).
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I would advise not trading and getting more education and demo practise first (atleast 6 months)
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Educate yourself first. Make use of paper trading to understand yourself better.
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What type of trader are you?
a) Day trader or swing trader?
b) Trend follower, breakout trader or reversal trader? -
Are you looking for a system that has a high win rate but inferior risk to reward ratio (RRR)? Or are you looking for a system that allows your winners to run and each win is able to compensate for a few consecutive losses?
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Are you looking to replace your active income from your day job with trading? Or are you looking to build your wealth through trading?
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Every system has its drawdowns and down times. Are you patient enough to let your system prove itself even if you suffer 10 losses in a row (assuming you have done your back and forward testing)?
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Forex is not a get rich quick scheme.
Hope it helps.
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Hey man I’m a 16 year old forex trader as well. I started out with about $500 USD and have slowly been growing it. I’m not the greatest at trading but I’ve put in tons and tons of hours into my trades and am slowly getting better. I was looking for another young person my age doing the same things I am and I am happy to have found you! Keep up the great work and if you ever want we could definitely combine our brains in the trading world😂
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you are gifted i might say. first of all, avoid trade when you feel sad or angry or desperate. 2nd, you should lower your lot size eg 0.01 and mark all mistake your have done, the process will take time for you to sharpen your skill and knowledge. 3rd, follow your own sop, which is design by you yourself. More Discipline if you follow your sop, you might alter the sop after some time. 4th, pray.
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greed is a horrable thing always remember that trading is not a get rich quick scheme stick to your trading plan and always remember to check the economic news on a daily biasis before you enter a trade high impact news will move the market so dont trade the pairs with high impact news trade other pairs that are not affected stick to trading 0.10 untill you feel conftable with being able to manage the stress of losses we all lose but the the idea is lose tades but come back if you let the loses affect you you will take trades without sticking to your plan if you lose stop trading for the day and come back the next day all fresh also go over your trade to see where you went wrong most of the time you can see where you went wrong when you look over your trade with a fresh head
good luck hope this has helped you
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The first response you got said it all. You re going to face further losses in the future. So, find a way to move past this one. If you can turn 250 to 600 with smaller lot sizes, you can do it again. So take 1% of 100 on your trades and start doing what you do best.
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Go to no nonsense forex on youtube and watch every single video, have your eyes opened to the diffrent routes than those preached by the masses, you won’t regret it
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Wow. Props to these young people for entering an industry that’s not gaming or just Instagram! 
What’s your account at now?
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Keep that chin up, shoulders back. Keep your head help high. You got this kiddo. I think we ALL are cheering you on. One foot in front of the other. You are already a CHAMPION !!!
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Basically, you learned how probability and statistics work in trading. In a nutshell they start to work in the long run - i.e. in the series of trades. Same as a coin toss - you may get TTTTT in the first 5 tosses and win 5$ but in the long run expected value of your gain is zero. Without strict money management (I.e. risking no more than 1% of equity per trade, determining TP and SL beforehand according to acceptable risk) every trader is guaranteed to fail because, in 100 of trades you WILL get a trade that will be powerful enough to drive your equity to 0. Your trades should be always protected from unexpected and unlimited risk = trading without stop loss is a disaster.
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Hi Eamen442,
Your an amazing 15 year old firstly, most people your age are too busy chasing down girls or glued to the playstations and xbox. I have nothing against it but your level of thought and your passion for progression is fantastic in this day and age. I understand that school can be hard, i worked in education for 10 years in the UK and it was not fun at all. All i can say to you is, do the baby pips course first, you will discover some of the errors you will be making. Take your time and please feel free to make mistakes, remember little darling, F.A.I.L stands for FIRST ATTEMPT IN LEARNING. I dont know you but all i can say is i am a mother and i am proud of you. Keep going stay focused and you will find your way.
PS: Open a demo account it allows you to make mistakes safely its the same as live account and you can go crazy here with making mistakes. Remember the more mistakes you make the faster you will learn what works and what does not.
Keep going your fantastic!
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If you have already done the school of pipology here on BabyPiips, go to YouTube and check out No Nonsense FOREX. It is a long education, but it is free and worth all the time you can put into it.
Good luck!
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Let’s get technical. Position sizing and risk management are your friend. Read up on those two ASAP. And use the tools available to you. Easy!
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I totally second that… This kid has more than I do at 50. I still make some idiotic mistakes from time to time due to over-confidence in spite of all the years I have invested into Trading and making it my full-time job. I always try my best to use my head and not emotions but there are times even my head goes for a ride… 
Keep it up Kid… My only advise is to not allow yourself to become over-confident as I sometimes do. And reduce your Lot-size to the minimum as in Micro Lots or 0.01 for now… Till your account rebuilds itself.
Here’s to winning more and more trade versus losing then but when you do lose, lose gracefully and minimally. The key is in very good Money Management.
All the best and may more and more success come your way sooner rather than later.
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I’ve grown it about 10% so 50ish dollars
same advice i have already,
generally long time education make beginners lazy ,
for that i dont support any long educational course.
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Your education level improves in the course of trading, there is no thing as education course in trading in the strict sense.Trading strategies become obsolete too quickly and start to yield negative results, to protect your equity from this adverse effect you have to limit risk while trying to upgrade your strategy to make it working again.
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Yeah that’s really good! Although a side question for you, what do your parents think of you trading? 