Forex Frustrations 2020!

Barely an volatility , not thats its been that great in recent years either. Choppy , disorderly charts. Forex traders, we seem to work the hardest, study the hardest, yet get little in return from FX market.

Stings even more when you see, crypto, stocks, gold people making a $$$ in this pandemic.

Fear and frustration in forex trading affect traders at some point in time. It mostly happens with beginner traders who don’t have much knowledge about Forex trading. Moreover, the level of anxiety varies from trader to trader, the size of the trade, etc. However, there is nothing to worry about as it is just human nature; even the expert trader experiences the same thing as the beginner trader. Just guess, if you know the root cause of fear and frustration, you can stop Forex trading anxiety.

It happens with everyone. Nothing to take personally. Beliefs and strategies can make it possible.
Everyone is in their own "Time Zone"

Can anyone here truly say they enjoyed 2020 in Forex Trading? The pandemic effect have been real in Fx Market IMO, only that its been negative for Forex while surprisingly positive for Stocks or Crypto.


I guess I just want to find out what are other people's experience this year? Did you enjoy the Fx market?
How do you feel about whats going on with Crypto specifically Bitcoin?

Can't say how it was on forex later because I have started it after crypto only at 2020. And I like it.
Most powerful options are:
1. 1:500 leverage instead of 1:100. It is 5 time less risk.
2. Hedge. This is truly magic. There are only netting account types on crypto and "cheat" hedge on binance futures.
3. Commissions. 5.5-7$ for 100k on forex... and 150-200$ for same amount on crypto.
4. No weekend trading. This is MUST have. I need a rest )
5. Sessions. This is strange after crypto, but I love it. I love Tokyo and London sessions. Don't like Asia and NY.

If talking about btc there are several "issues" on crypto market. If on forex you stay in $ and trade let's say btc futures on crypto you or stay in btc/usd or stay in btc. This is just more risk in any way. For example you are in btc and it go down. So you will lose your 5% for example and then 10% more after you close your short because you can't catch the bottom. On forex you will lose only 5% in that case.
So if you will create simple excel spreadsheet with + and - you will see that there is no point to trade crypto on crupto exchanges just because it is more risky.

For me 2020 was ok. Better than in 2019. Earned some 60% on BTC - now out but maybe too early...

In forex quite good I would say - there started some kind of range for my balance line but at least it didn't go down:

Like?


Why is that??


interesting, you did better in 2020. What pairs did you trade? what type of trader are you?

automated trading mostly. all major pairs, Dax30, Dji30, SP500. Have more than 10 various EAs running on 1 account. Sometimes manually close trades before red news if not far from TP target.

OK thanks.

Got any tips to get where you are or close?

Never rely on 1 strategy/symbol/setup. Diversify.

Well, I like to trade EJ.
H1 chart:

I have been manually backtesting my own strategy om tradingview from 2018-2020 and to my surprise, 2019 was giving me the worst result with just 49% return on one currency pair. 2020 gave me more clean trades, less drawdown and about a 66% return on that same pair.