DislikedUnfortunately, the vast majority of people at FF will never make it. They will blow account after account, try system after system. Some are just compulsive gamblers - they trade forex because it's so accessible, and thus satisfies their gambling addiction. Some are just naive, not realizing that fx is the most rigged market on earth - less than 10 big banks control about 77% of the market and small retail traders have zero access to any order flow data. Those traders might do better with futures than fx, but they'll probably lose there too. I came...Ignored
Let me ask you something ...How many times did you attempt to succeed at this game ?
By attempt i mean ...forming your own hypothesis and testing your strategy on law of large number ...by any means by backtesting or live trading.
Here is a very nice story....
http://theunboundedspirit.com/short-...-and-the-rope/
Moral of the story is people who failed are chained to their beliefs , that it can not be done.
Countless examples are there of peoples who have achieved success at this game. Which is enough for me to keep on going and not give up.
Here is the secret to success.
Form hypothesis -> test -> fail -> learned something ...new hypothesis -> test -> fail.....repeat until you succeed . Simple isn't it. This is not about having very high IQ or being academics . Its about having open mindedness and going through failures to failures without giving up.
As to the question than why most people fails...because they dont want to go through the pain of having failed again and again ....and it becomes more unbearable as you fail more and more .
In the game of imperfect information ...as is life, you can never be sure that you have made it but when you see evidence of your results day by day , you wonder that belief you currently hold makes more sense, irrespective of how few people or no one for that matter share that belief.
Simple science of deduction. Question is are you up for it. ?
"Stay calm and keep testing your hypothesis " -- Anonymous
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