Yeah so far my experience has been the same, in the crypto market at least, I have not been working a lot on pairs lately so I can't be sure about that but I guess to a large extent that applies to most markets.
Yeah, I totally get what you're saying here, and I see we both agree that how we navigate the market depends a lot on our backgrounds too which was my original point from the last reply.
In order to be profitable, we need to win more than we lose. Each trade, in theory, has an expected value (EV). To achieve profitability, we must focus on +EV trades and steer clear of -EV trades. We can improve our EV by following the trend, buying low, and selling high. Crucially, the expected reward must always offset the expected risk. Even with a winning system built on +EV trades, risk management is essential to prevent blowing up and ensure long-term success. We all have our own flaws, so focus on fixing your own issues. Address the problems that take more than necessary from your account and those that give you less than you deserve from your profits.
You also need to be able to find such market entries so that the risk to profit ratio is at least 1:2 or more. Thus, even if your trading strategy gives only 60% correct signals, you will still be able to make money on it. It is also important to trade with a broker with low spreads and instant execution to minimize your trading costs and trade with greater comfort. In this regard, I liked the conditions at fxopen.
Hey Shine: Good Post and Info. I used to trade forex but moved to Currency Futures and for me it has advantages.
Consistently following a well-defined trading plan, including risk management, disciplined entry/exit rules, and avoiding emotional decisions, has been the key to steady profitability over time. Patience and adaptability enhance long-term success.