XM Trading: Solution for not winning for 10 years in Forex

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As introduced in the article below, 90% of Forex is destined to lose. However, it is also true that there are people who cannot win in Forex even if they continue for more than 10 years. If you can’t win for 10 years, it’s probably more of a mental problem than a technical one.

I haven’t won in FX for 10 years

Forex is basically not that easy to win. There is also that, even if we do not win for 10 years, it is not something to be pessimistic about. As a matter of fact, even though he is a seasoned trader, it has taken him several years or more before he can win. Therefore, it would be counterproductive to be pessimistic because it takes more time than that. Those who have not won for 10 years should be considered a turning point.

Why can’t we win in 10 years?

As explained above, it is not so strange that you have not won in Forex for more than 10 years. However, just because you haven’t won for more than 10 years, if you don’t take any measures, it will just stop thinking. If you can’t win, why aren’t you winning in the first place? I need to reflect on that. Because nothing will change if you don’t change anything and just lament that you can’t win.

Cause and remedy

And as a result of the analysis, you should be able to find some reason. It is important to take concrete measures that can be taken against the cause from tomorrow. Because if you don’t do it, you can’t get 100% results in the first place. I will introduce some common cases of why the abstract theory has not won so far.

Reasons and countermeasures that can not win in Forex for 10 years

I will introduce a common case for those who have not been able to win in Forex for 10 years. I’ve met some people who haven’t won for a long time, and I found the following common points.

self taught trade

Those who have not been able to win in Forex are trading in their own way, and often do not analyze or look back. Surprisingly, there have been cases where even if you try to trade while thinking that this trading method is absolutely unbeatable, you can’t win easily and only time has passed. In this case, it is recommended that you look at the trading method of a skilled trader from a third-party perspective, as mirror trading is also acceptable. The FX company has a mirror trade function, so let’s participate.

gambling

Among those who have not been able to win in FX for a long time, there are gambling tendencies. You can double, triple, and 10 times your money at once, but somehow you messed up and you kept throwing all your money in one trade, and in the end, you weren’t making any money at all. There is a case that has been born. In this case, you will get immediate results if you manage your money well. Let’s drop the lot and cut the loss at 1% or 2% of the total funds.

don’t analyze

In fact, exchange rates change over time. However, there are people who fight with the same trading method at any time and cannot win. It’s just doing the same thing over and over again with no progress. Unfortunately FX requires learning. Why is the loss continuing when the loss is in the middle of the day? If you can’t analyze and take improvement measures, it’s hard to keep winning.

can’t control emotions

Some traders who haven’t been able to win in Forex for more than 10 years still can’t control their emotions. When you’re winning, you get excited and make a big mistake, and when you’re losing, you’re too depressed to trade. If you can’t control your emotions well after doing it for more than 10 years, make a pre-order, set the limit price and stop price in advance, and leave it alone and don’t look at the chart. Then you can control your emotions. I think the reason why I can’t control my emotions is because I’m looking at charts in real time.

Everyone has their own reasons for not winning

Even if you say people who have not been able to win in Forex for a long time, not everyone can win under the same conditions. The reasons are different for each person. There are many different people. Some people get irritable, cry easily, or even get carried away, so it’s up to you how you deal with it. The important thing is to start by noticing what kind of mistakes you are making and hitting the wall.

XM is recommended

XM was originally known as a forex company with too wide spreads. But this was only recently. Now there is an account type called KIWAMI account. The spread is very narrow and very suitable for trading. Therefore, this account type is highly recommended. Especially for those who trade in pounds, it is recommended because the spread is extremely narrow.

KIWAMIStandardZero
USDJPY0.7pips1.6pips1.1pips
EURUSD0.7pips1.7pips1.1pips
GBPUSD0.7pips2.1pips1.2pips
AUDUSD0.9pips1.8pips1.4pips

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