Not into the treating everyone like there stupid and protecting them at the expense of the not stupid, let the stupid learn there stupid the hard way, maybe they'll stop lording around like there the smart ones and making out smart people are stupid. I'm a small account guy, turned 300 in 10k pretty quickly a year area, fell out of profitable sitting around 3k in account, 3k spent at the moment. So disagree kind, although he should of started with 300 not 2000, But still tried to get rich quick.
We learn the most from mistakes but that said the biggest mistake is not learning from your mistakes . My greatest epiphany has come after massive mistake , until you see the problem a solution is difficult . Losing is part of the journey , you have to accept it . If you read market wizards you will find many have blown accounts and some more than once .
Desperation and hope is never a good recipe for investing and trading. More the opposite. Hard work on the other hand is and an incredible amount of passion for the job to carry oneself through the many disappointments and challenges ahead. Never heard of a job where hope leads to success.
I can assure you that probably 99.9% of people that are self taught or learn how to trade from any website will lose most of their money from Trading, you are not alone. I lost 15-20k and now Im a break even Trader and thats after 7 years. Its the old saying that is ( never trade with money that you can't afford to lose) The reasons for this are you will Trade completely different from the sim when you have an emotional attachment to the money and you think you may tighten up the rules when its real money. If you have 1k spare or 100k spare , Most of it will be at risk if you don't have your method 100% right. I always done well on sim then went live, done ok, then slowly lost money over a longer period of time. Id say to anyone, never give up the day job, Trade with money that you really do not care about, if thats a £100 account and trade a few micro lots then thats all good.
Unless one has a side income or earns money primarily from other sources trading at break even is actually a huge loss due all then opportunity cost. Just saying. My only advice to someone who can't make money after 2 years is to not pursue this career. Sometimes the warning signs are perfectly clear and visible. This endeavor is not for everyone.
If you would of read my post properly you would of figured out thats what I was saying. It Took me 7 years just to get my money back. ''Don't give up the day job'' meaning have a first income. 2 years, hahahahah. more like 4-5 minimum, and still no guarantees.
Definitly agree with you there. its not for the faint hearted either. You need an insane amount of Discipline and drive to succeed. I have those but I lack patience, which has made things harder for me.
Boza had a really terrific story. Taking money from parents, especially for the purpose of trading secretly which is a big no-no, it will never fulfill their/his dream, in fact shattered them. I understand that there is less awareness about negative side of forex but I would never recommend the newbie to leave the day job for the sake of finding time to make money online unless one makes good performance for more than 5 years. I'm glad he took courage to share the experience which is a real warning to all the newbies. I hope he's well and wish him a better future.