I would add that human psycho is the main obstacle to make money on Forex. Imagine you have access to very dangerous weapon and can not control himself well. You can get PhDs in all sciences and be genius in technical analysis and economics and still loose everything. Until your uncontrolled human mind has easy access to 'Sell' and 'Buy' - your are in constant danger. The guys who who work for institutional funds are in more favourable position - they got angry bosses who can kick their asses if they are not in control of DD or Risk parameters ! That's is my opinion.

I'd like to leave my own opinion. I believe that it actually can make you rich, but before you come to it, you will have to suffer losses during considerable period of time. it's a long way of learning, trying, and studying from losses. Correct me if I'm wrong, but I see it this way.

I will tell you not my opinion but my personal experience.
It will took a lot of backtesting... I personaly backtested more than 50 different strategies in 10 year terms, I mean you open chart 10 years ago and start backtesting until you get to actual date.
It will took a lot of losses... a lost more than 50 000 €, yeah I earned them back, but it tooks years!
It will took a lot of changes in your mind, you will need to became a different person. Strictly follow your own rulles and never act like you are a winner. You will never win against markets, you can only participate on the trend.
It will took a lot of downfalls, if you invest money that are not yours, you will go to the bottom. Trading is one of the hardest types of business in the world, you will not succeed if you will not working very hard.
It will took a lot of time to educate your self, to try different types of strategies, to backtest them
It is really a long way. Nothing will be easy, you will try a lot of scammers that want your money. I´m talking about brokers, signal providers, forex gurus, forex copied systems. Scam is everywhere don´t be blind.

I trade only naked charts simple breakouts, triangles, S/R zones on daily charts. If you will find something that is working for you, this is just start. You can not stop in education of your self. Nothing works perfectly whole time. There are plenty of strategies, that works only one year maybe less. If you will find something that works, someone on the other side will try to get your stops. That´s the main reason why you enter the trend, then the price hits your SL and get in your favour way....

And I want to apologize for my english

Yes forex can make you very rich in my opinion, I remember a time I turned 500 in 24k. Went down to 400 then back to 3k then lost all. It was a mix of bad luck and lack of self control, but mostly lack of self control.

Lagurteng posted:
I'd like to leave my own opinion. I believe that it actually can make you rich, but before you come to it, you will have to suffer losses during considerable period of time. it's a long way of learning, trying, and studying from losses. Correct me if I'm wrong, but I see it this way.


Yes, it's really so. I'd also like to highlight the fact that on forex, as well as on any other job, you will not get rich in several days. You have to gain experience and realize what it takes to full extent first.