That is just general perception that 99% fails, if that would be case then this marker will not be growing. Yes, there are more losers but not that much. Who can handle the pressure of seeing red in his account will survive and make profits one day.
Sometimes I feel stop loss bad because market just hit back after touching the stop loss. But overall it is a good thing if you are managing many trades and it will not keep you holding the losing trades and lock your funds.
Well there are lots of stuff to guide a new trader but the most important according to me is to control your greed. It can easily destroy a new trader if he made some quick profit in early days.
I am currently using only RSI on daily time frames and believe me it has done wonders with my trading. Now I feel very less pressure and can anticipate a clear move of market to take entry and exits.
I started forex journey 7 years back and I had nothing to start with and now I have earned quite good money. So I consider myself rich as compared to when I started. It takes time to get success in forex and it is not a get rich quick scheme.
I am in forex field from 7 years now and it has been a great journey. At times I fell to greed and faced loss but whenever I was not in greed I made a lot of money.
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