Decided to share my experience about trading forex. The title says it all, yes I was loosing for 10 consecutive years!!! This is probably unbelievable for most readers, yet it is true. Forex is an extremely demanding “job” in terms of psychology and discipline. If you don’t have these skills you either need to develop them or give up trading.
My main problem was … guess what? Yep, greed. You know my strategy wasn’t bad but my desire to make a lot of money fast was always dominating over the discipline and I was loosing over and over again. At some point I made a lot of money with the “greedy” approach and again the greed took over and I started trading super aggressively again, and again lost it all.
If I would only follow my strategy always precisely, my career as a pro trader would have started much earlier. But I guess you have to learn it the hard way.
Simple advise – follow the rules