I have been dabbling on forex trading on and off since last 6 years.
During this time, I have lost a couple thousand of bucks (about 6.5k to 7k to be precisely) of our money (me and my best friend’s who always put a bet on me), since I started.
I started from babypips back then, with purely technical ICT methods. I also read allot about fundamentals. I possibly went through every material I could get my hands on. I tried indicators, Elliot wave theories, Fiboacci’s levels, Candlestick pattern course by steve nisson, chart patterns and what not.
Apparently, nothing worked for too long and I realised that I must work on my psychology. I found out a lot of hidden stuff about my personality which I was not aware of earlier. My trigger points, general impatience towards life, greed, fear, short temprament.
Working on these things helped me become a better person in life as I started looking into forex when I was dropped out of engineering school with no proper vision of what to do with my life. Fast forward 6 years, I am about to complete me bachelors in Computer Science with distinction, several professional certificates, 5 years of work experience into IT with a dream job.
Somewhere in my mind, I knew from start that these conventional support and resistance type of analysis was not working and I was being manipulated by an unknown force at the other side of the screen. I needed answers to queations e.g. why markets consolidate for extended period of time, make complex patterns and move in any direction when you least expect them to be. Later on, I stumbled upon Smart Money concepts. I heard people saying how market is being manipulated on both sides by composite man to gain liquidity before moving north or south.
It çaught my interest and I started learning more and more about Wyckoff schematics, price imbalances, inefficiencies, liquidation hunting by mitigating interest zones (where most of the orders lie).
Initially, i looked at wyckoff schematics from patten’s perspective which i adopted over the years. But soon, as i was consuming more of the market movement. It started to make sense for me.
I personally think that I have improved a lot and its about time that I will be able to develop a profitable system very soon. Meanwhile my friend and family thinks that I have wasted my time and money on it and I should quit thinking about it.
Overall, learning trading has helped me become a better person and I don’t want to let die the entrepreneurial side of my personality as I am afraid my life will become colorless if I will not be trading and doing 9-5 job for the rest of my life.
Now, I don’t talk too much about trading with them and have invested 100 bucks to trade microlots just to test and document the reaults for about 6 months. I am currently at $108.6 after shorting cable. I am vlogging each trade at opening a closing to collect data.
Since I have never been successful, I need some affirmation from the successful traders as either I have been on the right path until now or I am missing something big, without which I will never be able to make it. Thanks
submitted by /u/turtle_jump to r/Forex
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