I won nothing after 3 years

Its a big topic but this will get you started
http://amzn.eu/0OMXLas

Thank you

Winning percentage is very minor in Forex trading particularly consistent win. But I feel within 3 years there is a chance to ensure minimum profit ratio even there was regular practice with great learning.

I wouldn't say that you wasted all that 3 years. You have seen various type of situations and even if you do not earn anything significant you have real life experience for that matter. You need to take a rest for like few months from Forex and start again with fresh mind and new strategy using your old mistakes to avoid. I see you can be in despair, but that is not over.

Are you still engaging in trading?

Self-examination is good. Negative self-talk is not good. When that starts happening you need to back away and go do some mind numbing manual labor activity for a few days...paint a fence/deck, rake some leaves, etc. Think about trading but don't go near a screen.

One thing I did was ask myself what if everything I had learned was basically all wrong. So I went back to the basics. What if you have been doing the same thing where you really are not doing something as simple, but crucial, as support and resistance correctly? What if you are doing one thing right but then you jump around the different timeframes and its confusing you?

The biggest adjustment to get back on track for me was to go to higher timeframes. I actually fought it for about 2 years. I hate the thought of being a swing trader but it has been waaaay more effective for me. And it has forced me to do two things:

1. Really do technical analysis. Is this the correct trend and is my decision gonna be the right one?
2. Patience. I have to wait for the trade to unfold and watch it over 1 to 3 days to materialize. But it is satisfying.

Start with a Weekly chart and do some support and resistance areas. Red for resistance, green for support. Zoom out for best areas. Then look at the same but closest to where price is right now, keep it approximately 100 to 150 pips away in both directions. We will call this screen your worksheet. Now open another screen, same pair, but use the 4 hr timeframe.

Add the nearest support and resistance lines to that chart. Can you identify the trend? You should (if not, zoom out). Now draw a diagonal trend line along the candles in the direction of the trend. This is where pullbacks and reversals are gonna happen...when price crosses and close across the diagonal it is a reversal. Bounce off the diagonal its a pullback.

In either case, your support and resistance lines are now gonna come into play. Open a demo account and just practice this process. But keep 2 screens open. One for the big picture on the Weekly and one for trading on the slow and effective 4 hr.

Bookish knowledge by means of any trading book is not a big deal until having a regular practice on trading , i think just 3 months is not enough to kick off a live account , you should go through pips school 2-3 times including demo trading , minimum 6-8 months needed for that , its a complete package for beginners level.

Haven't you quit yet?

at least you won experience...

Don't worry, me neither, after 10 years. But in the end, all hobbies do cost money.

Have you quit trading?

10 years! Oh my gosh ahah

Is long-term trading the same as an investment?

Not necessarily. There are similarities, I suppose, but when you invest usually the trading is done by another person?

hehe, the quickest way to become a millionaire?
Start FOREX with two millions

That joke about trading never gets old!

Not at all; trading & investment is not same; the purpose is different as well as the retune.

Forex trading is not as hard as you are thinking. Same thing happened to us when we were new & had same kind of trouble. However, all you need to do is - stick in a single strategy rather than keep changing every few days.

Yes, it’s important! But 1st of all, you need to make sure that, we are with a good trading strategy! According to my experience, only indicator based trading strategy is not enough here.

What advice would you give then?