Forex trading is about long or short. It is a 50/50 chance of being right or wrong. Adding up with the spread will make you lose at first, mistake such as over trading, closing winners too early, letting losers run, execute position at the wrong location, being trap in bull or bear trap, cut-loss before price take off, etc. Hence, this require time and experience to comprehend with the market structure. To putting odds in your favour are necessary so you can profit consistently over time. The more random your trade, the more random result you will get.
@SmartGridEA shows the right example on trading with experience. At first few 3 months, he didn’t perform well and only realize loss. But then, things turn out to be opposite after the 3 months. At the end of August (28 August 2020), he starts to take momentum gaining from his trading. How does it happen?
Forex is a probability game. The better you are at understanding the game the better your odds of success. You do not need to know what is going to happen next. You need to have a system that gives more profit than loss and worth the effort you put in.
As of his trade symbol, he does know about his strength on certain pair such as EUR/USD & GBP/USD. Starting from September, he started to trade other pair such as XAU/USD, GBP/JPY and EUR/GBP. This shows us that we don’t have to understand all pair. We only trade what we believe (based on our analysis and forecast) and also what we confirm that it will give us profit.
@SmartGridEA had proven to us that we can make money on forex. It just a matter of time. He scored on ROI of 169.81% and profit throughout his trading around $4840.92 (as of 14/9/2020).
On Profit and loss ratio, he presents a good proportion which around 1506:438. He also trades manually on all of his trade execution.
If you stop a minute and think it through if 90% of traders are losing as statistics suggest and these same 90% of traders are trading long and short on all time frames at all levels then the market must be efficient at taking money from traders rather than paying out. That is the job of the market. Your job is to figure out how to develop a system which enables you to trade in that environment and make a net profit.#copytradingprofit##copytradingvsselftrading#
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