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  • #1,561
  • Mar 9, 2026 4:26pm Mar 9, 2026 4:26pm
Quoting tunera
It is basically gambling, even if only a few will ever admit it (who cares!). So if you have capital, you may "invest" part of it in forex and play the market, try to make some smart trade, make some money. It is not a solid business like many would like to think, one day you win, one day you loose, you never know what's coming, so enjoy the ride. And if you have enough, just quit it (you will come back to it, maybe next month or maybe next year, or in 10yrs from now).
It is gambling for a gambler. 95% are gamblers, hence the fail rate. Once you stop gambling, you can make a business from it.
  • #1,562
  • Mar 10, 2026 4:21am Mar 10, 2026 4:21am
Quoting GaimanH
It's a common rule that investing 10,000 hours into anything makes you a professional in it. Same with forex. You can surely quit forex, but you can't state that you can't do it, because you haven't given it a proper try. However, you can decide that putting so much effort into forex is just not something you want to do, and that's okay. One thing I can say for sure - successful traders have also struggled for years and didn't see any light at the end of the tunnel, but they kept pushing and perhaps that's what made them stand out from the crowd....
exactly that. but it's harder. you try and try and try, spend hours on an idea, and in the end it doesn't work. it's desperating
the biggest enemy of the trader is desperation
  • #1,563
  • Mar 14, 2026 8:38am Mar 14, 2026 8:38am
Honestly, a lot of traders go through this. It’s pretty common to make some profit at first and then slowly give it all back later. Usually it’s not that someone isn’t “fit” for trading. It’s more about things like risk management, position size or trading too much after a few wins. The Forex market is tough and consistency takes time. Taking a break isn’t a bad idea though. Sometimes stepping away helps you reset and look at things more clearly if you decide to come back later.
  • #1,564
  • Mar 14, 2026 1:17pm Mar 14, 2026 1:17pm
Quoting Jeffo
{quote} exactly that. but it's harder. you try and try and try, spend hours on an idea, and in the end it doesn't work. it's desperating the biggest enemy of the trader is desperation
Perfectly said
  • #1,565
  • Mar 14, 2026 6:30pm Mar 14, 2026 6:30pm
Quoting Jeffo
{quote} exactly that. but it's harder. you try and try and try, spend hours on an idea, and in the end it doesn't work. it's desperating the biggest enemy of the trader is desperation
You can put in the 10,000 hours, but if half of those hours are spent chasing ideas that just don't work, then ggs. It's not just about timem, because most importantly it's about emotional resilience when your best effort still leads to a loss. And you're right about desperation being the ultimate enemy. Once you start trading from a place of I need this to work out urgently, you break every rule you set. You overleverage, you revenge trade, you ignore your stops. The market doesn't care about your effort or your time invested. It just is.

What I noticed is that the traders who make usually are the ones who learn to separate their self worth from their P&L, and those who can look at a failed idea, scrap it without drama, and move on.
  • #1,566
  • Mar 14, 2026 8:35pm Mar 14, 2026 8:35pm
That is a very good decision because this job cannot be your primary source of income. What you should do is keep working and set aside some of your money to invest in blue-chip stocks. Let it grow and enjoy the results.
  • #1,567
  • Last Post: Mar 17, 2026 8:57pm Mar 17, 2026 8:57pm
Quoting GaimanH
{quote} You can put in the 10,000 hours, but if half of those hours are spent chasing ideas that just don't work, then ggs. It's not just about timem, because most importantly it's about emotional resilience when your best effort still leads to a loss. And you're right about desperation being the ultimate enemy. Once you start trading from a place of I need this to work out urgently, you break every rule you set. You overleverage, you revenge trade, you ignore your stops. The market doesn't care about your effort or your time invested. It just is....
Yeap....
The "trying hard doesn't matter" part is what takes yrs to accept for many traders I guess... We have this misconception, at schools we are taught: you effort = results. WHine in reality trading teaches you: effort just means you tried, that is it...market doesn't owe you anything for your 10,000 hours if those hours were spent on bad ideas!!!

And desperation? Second as "need" creeps in, discipline goes out the window. Suddenly you're holding LOSER BAGS at 3am praying for a reversal that's never coming!
The self worth separation is elite level skill that comes with lots of practice and xp.... Your trade losing doesn't mean YOU lost. Your idea failing doesn't mean YOU'RE a failure. Hardest lesson in this game fr.
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