I keep reading the title as " When can I stop trading forex? " anyway, if you are not making money after 5 years, you should stop trading forex. It doesn't matter whether you tried very very hard, or you didn't try very hard.
If you don't make money then i would really suggest you look back on your trading risk management and how you handle your losses. Are you backtesting your strategy properly? You need to ask yourself questions on why you aren't making money.
Start forex trading is easy, but how to make money from trading is not. Forex market moves very dynamic, and its become own unique of the market itself, sometimes trading result is not like as you think, but what you get, when we think the market will continue to rise, but fact market down, who is wrong, market always true, just like your girlfriend. We Generate Fears, While we Sit Learning Forex Attitude Understand in Details and Get the Answers from the Experienced Forex Traders and FXOpen Forum Members. Learn Forex Trading with FXOpen Forum
I would recommend that you start with learning more about how forex trading works, that way you will grasp a better concept of that. Once you get hang of that, you can try demo trading with a good broker. That way, you can come up with a good strategy that allows you to make consistency for your profit.
Few steps to follow to start forex trading:- - learn the basics of forex - pick a reputable forex broker - start with the demo account - take time to learn and research Learning to trade is a never-ending process. So give your best shot.
you have marked good points . a good broker is really important , because the broker can affects the result of our trading with certainly.
It’s wrong to keep your focus on making money only. The market is so huge that if it makes even a single move against you, it may wipe out your entire trading account in one go. Do enough practice so that you are prepared for different market situations!