How to be Profitable - Choose 1 out of 4.

[Arya Stark]

1. Pay thousands dollars for courses and mentors who always know “how”, but never show their own track record.
2. Overwhelm and confuse yourself by learning countless analyses and watching Youtube gurus.
3. Check what provided profits up until now, and go for it. That’s the reason people invest in Google or Apple. They know those companies will grow, because they have everything they need for growth. That’s the reason why people backtest forex strategies, because they want to use a strategy that has worked, not a strategy that has not.
4. Find something that is not yet profitable, but you think you can predict it will be profitable in the future. That’s the reason people invest in startups. We hear about those who made millions this way. Obviously, we never hear about those who lost all their money.

 

[OscarR]

I’d go with backtesting a strategy that’s already proven to work, makes way more sense than gambling on guesses.

 

[maya95]

If you want to take a risk, sure, back a startup or a new strategy you believe in but remember, most fail and you rarely hear about those losses.

 

[aryanshirivastav]

I’m considering two options and would like to know what strategy would you use to become profitable?

 

[Arya Stark]

I’m considering two options and would like to know what strategy would you use to become profitable?

Number 3, of course

 

[rmufti68]

I believe that the success only comes by sitting and doing the learning stuff, practicing till we succeed else repeat the process.

 

[Magnolia_York]

Trading isn’t like startups. if a strategy isn’t profitable now, there’s no guarantee it ever will be.