Trading is extremely hard!
1. price can stall for months! Look at u/j stalled for 8 months at 102 and barley moved!
2. You must wait a long time for a good setup.. sometimes days/weeks. Sometimes a few a day.
3. You need years of chart time to understand how price is likely to move.
4. Summer and Christmas get real slow sometimes.
5. Not many people can be consistent.
6. Once you find a good system.. the conditions may not return for months for it to be profitable again.
7. Nobody opens a chart places a few trades then goes to the beach.. Alll the good traders I know are constantly working at it. even weekends.
8. There will be down weeks.. Times when you work a whole week and don't make anything, and lose.
9. Trading is a struggle with yourself more then the markets.. Humans arn't programmed for trading.
10. black swan events can ruin you in seconds.. Look at e/chf when they dropped the peg!
You must have the passion to be a trader. It probably gonna take you years to get profitable!
Its not something you can put in a few hours a day at... Plan for years of work, weekends studying, and a long long road to consistent profit that may never happen!
1. price can stall for months! Look at u/j stalled for 8 months at 102 and barley moved!
2. You must wait a long time for a good setup.. sometimes days/weeks. Sometimes a few a day.
3. You need years of chart time to understand how price is likely to move.
4. Summer and Christmas get real slow sometimes.
5. Not many people can be consistent.
6. Once you find a good system.. the conditions may not return for months for it to be profitable again.
7. Nobody opens a chart places a few trades then goes to the beach.. Alll the good traders I know are constantly working at it. even weekends.
8. There will be down weeks.. Times when you work a whole week and don't make anything, and lose.
9. Trading is a struggle with yourself more then the markets.. Humans arn't programmed for trading.
10. black swan events can ruin you in seconds.. Look at e/chf when they dropped the peg!
You must have the passion to be a trader. It probably gonna take you years to get profitable!
Its not something you can put in a few hours a day at... Plan for years of work, weekends studying, and a long long road to consistent profit that may never happen!
The only system that will work is one designed by and for yourself.