Still not profitable with your trading

in trading •  5 months ago 

The reasons for the trading to be not profitable are numerous and actually, you can do the analysis on your own. There are a couple of things that you should pay attention to, i.e. your trading strategy, psychological factor and the broker's trading conditions. The most widespread mistake lies in trading strategy. If the process of decision making is wrong, then you'll have bad results. Analyse which indicators or factors trigger your decision to whether open a trade or close. I'd advise you to make a trading journal, where you should write your decisions and factors that made you make this decision. The next thing is psychology. It is an open secret that emotional trading cannot be profitable. Some traders define such feelings as greed and fear. Greed comes when you had a couple of successful deals and you want to continue this lucky streak. In such a situation a trader usually forget about risk management and any kind of common sense and does stupid mistakes. You should definetely avoid it. The problem may be with your broker which charges you crazy commissions or spreads so there is nothing left for you. Anyway, if you really want the community to solve your problem, you'd better give more information about your current trading strategy.

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Find the exact reasons for your trading failures. That is the only way you can improve your trading results. As for experts, you didn't share enough information about your current trading strategy, so it is impossible to say the best ways for you to be a success.

I get your frustration with not being profitable in trading. It can be super tough, especially when it feels like you're doing everything right but still not seeing the results you want. One thing that helped me a lot was using a forexflexea.com(Expert Advisor). These automated trading systems can make a difference. They take the emotion out of trading, which is a huge advantage. I found that by letting the EA handle the trades, I could focus more on analyzing the market and learning from the results.
Of course, not all EAs are created equal. It’s important to do some research and find one that has a good track record and suits your trading style. It might take some time to find the right fit, but once you do, it can be a game-changer. I also made sure to backtest any EA I was considering to see how it performed under different market conditions.