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u/Real-Inspection-2475
1 day ago
Psychology
What Changed My Journey from Losses to Success in Forex Trading Over the Years
Having invested in forex trading for over 20 years, from past losses and account blowouts to consistent profits, I'd like to share my journey: I spent many years jumping between strategies and market dynamics, trying new indicators and backtesting methods with the highest win rates. I was constantly searching for a non-existent certainty. The reality is, even with a 99% win rate, if you can't tolerate that 1% loss, you'll ultimately fail. Therefore, stop-loss orders are absolutely crucial. Emotional intelligence and strict risk management are more critical than the strategy itself. Shifting your focus from profit to risk, execution, and emotional control naturally leads to profits.
I now average 3-4 trades per week. Sometimes fewer, sometimes none. I used to think it wasn't enough, believing that more trades meant more opportunities. That's not true; more trades mean more opportunities to give money away to the market.
Gradually, I discovered that only by prioritizing capital preservation, followed by profit, small wins, controlled losses, and compounding can I achieve consistent returns. Currently, my win rate is close to 70% (profit/loss ratio close to 1.2:1), with slightly higher profits. Most days I'm quite relaxed. Often, the fewer trades I make, the more stable my results.
It took me years to master the basics, but if I can do it, everyone can. My sister is also replicating my trading and doing fantastic. By the way, how's everyone's trading been going over the past year? Successful? Or still figuring things out? We can exchange ideas and discuss. Best of luck!