Is Forex Trading a Good Way to Make Money - forex beginners

[borzy]

I think the “skill before profit” part is the big one. A beginner can have a decent strategy and still lose from oversizing, overtrading, or changing the plan after two bad trades. Getting consistent at execution took 2 years for me trading with hfm

 

[fxrobustix]

This was my problem also. Strategy was not even the main issue, I kept increasing risk after a loss and changing rules too fast. What helped was using same small risk for 50 trades and writing down every rule break. After that it becomes clear if system is bad or execution is bad.

 

[borzy]

keeping the same small risk over a meaningful sample is a much better test than constantly tweaking after every few losses. Otherwise you never know whether the strategy has no edge or you just never executed the same strategy long enough to find out. That separation between system error and trader error is huge