I want to disagree with Pipcrawlers thoughts, he says that it takes hard work and practice to become a profitable trader.
Well, I’m living example, that after 2 years of trading, I still am not profitable. I blame the government for not improving the regulations, like reducing our leverage, because that is what is always ruining my capital.
Every time I make some money, I lose it because something happens in the market, that gives me a margin call. It’s a vicious cycle, that’s been happening to me for 2 years now, I remember I opened my real account during the Swiss Intervention, until then from now its been hard to trade. The Swiss pairs aren’t giving easy in and outs anymore, the glory days are over and we have got into the trading game too late in my opinion.
I know everything there is to know about trading, from what non farm payrolls mean, to using trend lines, Slow and Fast indicators, knowledge on candle sticks, what stimulus means in trading ,etc…
As you can see I employ both fundamentals and technical analysis, and I’m still not able to profit, after TWO years of trading on what I would say a full time basis.
So Newbie Expectations, this is relevant to all of you. Good day.
Oh and late Edit, if you want real numbers, consider I lost thousands of dollars, I won’t say exact because its shameful, but that is trading in a micro account, where 50 dollars is needed to trade.
So as you can see, you can lose a lot of money, even if you trade at the minimum amount, over 2 years trading 50 dollar accounts, my trading report shows I’m down thousands of dollars.
Please set your expectations, but take what I have written at heart. I hope no one censors my speech here, I am honest.