Food for thought - beginner's progression

I get really sad seeing all the people both here on the forum and people I meet elsewhere, who are constantly seeking the "holy grail" of indicators that will give you 7:3 win ratio or whatever else it is people are selling these days.

I saw this a long time ago, and I don't remember where I got it from but I didn't make it my self. It just fits very well with how I see the trading learning curve.

I just wanted to share this so that new traders can get a perspective on what to expect when they keep hunting for statistical indicators and other nicnacs sold by "professional traders" like Scott Shubert and the like. They are good marketers but can't trade for sh*t, that is why they are selling you this stuff to make money in another way.

This might not help many, but hopefully those who need it the most will see it and not waste their time going down a dead end, and instead focus on what will be useful.

It would be great if that was true. But it's not. Profits are not a sure thing over time.

But still we can achieve this goal!

Achieve, yes but let's be realistic while we are about it: some days, the market is extremely slow and at times, it heads over in the opposite direction. Given that, it may not be a good idea to think you'll win every time..

Exactly. Obviously, we all traders are aiming for profit, off course. What I'm saying is that is very dangerous to assume that after some experience and learning, all of us will obtian profit.

Forex is not like sports, where practice and heavy training leads inevitably to better results. More than 95% in the business loose money, some don't last 6 months, and that's something we all should be very aware at all times. Not for fear, but to keep us sharp.

The image should have more arrows in the losses section and less in the profit section because majority of retail traders will lose.

To be honest, as a rookie, I can't see how that has anything to do with reality. Sure, for a very few excellent minds that might be the case. But for those who doesnt have the time to trade full-time I think much more time will spent losing before you actually learn. Assuming that you actively learn and not just count the hours until you are supposed to make profit