I’m afraid I’ve come to the end of my rope regarding Fx trading. After 5 years I can confidently say that I have never made money and have spent thousands of $$$ trying different programs with no good outcomes.
I’m sure there are folks on here that do actually make money. I know its possible. But I fear that for me it may be impossible. In some ways it has been more of an addiction I think. But over time I’ve noticed that it makes no different what I do, the result is the same.
I feel that in order to be successful in Fx you need a few things. You need a good strategy, that is simple and profitable. You have to document your trades and remember that you will have losing trades and losing periods (aka law of large numbers). You have to understand the system but know how to deal with trading discretion. Discretion for me is impossible. I look at that chart most times and have no idea what to do. And most importantly you need a good mentor which is impossible to get.
What is really sad is how you jump over to YouTube and see 100’s of videos on how easy Fx is and how you can make tons of money. It kind of makes me sick. I wish it weren’t true but I think it is. Sorry for the tone but just being honest. For me personally, trading has been impossible.