There is often a misconception of trading failure and success. It goes something like this;
Failure Entails A Sole Feeble Point
So, with an unlimited amount of ways to lose in trading, the general end result is, failure.
Success is the deviation, not the standard.
How Does One Become Consistently Profitable?
You become consistently profitable by failing soo often that you become a sovereign of failure.
You fail soo many times that there are no other ways to fail.
As soon as you figure out all of the different ways to fail, the only routes left are the ways to win.
Trading can be a long but enjoyable journey if you get the proper start. Many traders fail and quit too soon so they never get to the point where the light bulb clicks and they start to see the way towards a life-long success. The issue is that most retail traders were attracted by a con-artist posing online as a successful trader and lured people in using fancy lifestyle pictures and rented cars and properties. Another way many get introduced into this field is if they were approached by someone similar who may have been apart of a "trading group", often a pyramid scheme, who promised guaranteed returns if they followed their easy money system. The truth is that trading is not simple, it is very complex and requires an understanding beyond conventional knowledge and you must learn from someone who has been in the field for many years and have legitimate proof of their success (live track record, transparency, etc.). Do your due-diligence and avoid these characters at all cost. If you become attracted to the wrong thing (fast cars and lifestyle, quick money, "quit your 9 to 5 in a few months" schemes etc.), then you must take a step back and ask yourself trading is really for you. I will cover this in a future post. Feel free to browse my website and see if my trading philosophy fits what you are looking for and if so then feel free to join my Forex Academy. I cut out the bull and get straight to the shit.
I have been trading the financial markets for the past decade and have failed to the point where there were no other ways to fail. I trade for myself with my own financial resources and enjoy the freedom of being my own boss managing my independent business built from the ground up. Feel free to message me anytime with questions.