Why you still fail in trading until now?

If you are trading for 2 or more years and yet you still keep on getting negative results over and over again, in spite how many times you change strategies, buy every indicators or system available online yet your trading account getting wiped out in the end. If you are into such a situation it only means that there is something wrong in what you do in your trading and you have to know what it is otherwise you will just end up in a cycle of losing money no matter how many years will pass.

When I started to learn online trading particularly FOREX a few years back I have this belief that trading is a hard profession and it is okay to lose money and being unprofitable for a year or more, it is part of the learning process so to speak. But recently I don’t think it is really necessary to spent years of practice to be able to succeed in this profession, I believe that a year of learning and practice in trading will be sufficient enough to make you a consistently profitable trader.

The key to succeed in this profession within a short period of time is to established a solid foundation right from the start, a house without good foundation will be washed away easily when a flood came or crumble to the ground when an earthquake occur. Unfortunately most traders start in this business with the wrong mindset, they just learn a few basics about trading and they start trading with real money. Most traders at the start does not really understand how hard trading profession is, and so there are many traders that lose their capital easily in the market and worst about it is that they just continue trading as if nothing is wrong in what they are doing. The line between trading and gambling is so thin and that most traders cannot differentiate the difference.

For newbies that dont want to be part of the majority of traders that keeps on losing money repeatedly, I strongly suggest to spent time in building a strong foundation first about trading or if you are already in trading but still keeps on losing money then maybe its time to reassess everything and if necessary make major renovations of your existing methodology or even better build a new methodology based in a totally different perspective that can possibly bring good results in your trading.

It is the start of a new year, I wished that this will also be a good trading year for all of us!

Good luck for the year 2020 and may God bless us all!