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I think it is practical, although it takes a lot of time. Losses come from small mistakes that we make based on greed, fear, or the instant decisions we make without considering.

It is working now for me.

If you have no problem working with unregulated ones, I am working with Capitalcore, and that is going pretty well. I am not sure if they accept US clients or not, but leverage is high.

Books will not suffice but they can make changes. Naked forex was a game-changer for me. this link

I try to check their trustpilot, and I also check their answers to negative comments. Sometimes people can't stand losing money and start calling the broker a scammer. I will then search for their name on social media sites such as Twitter and Reddit and use trading forums for one last step...

You need to stay calm all the time in this market. Even excitement after a great win can ruin your whole trading day!

Holding trades overnight is a great one for me.

Limit each trade to 1-1.5% of your balance. This approach defines your risk tolerance and aligns with it. Use stop-loss orders, maintain a favorable risk-reward ratio, diversify your investments, and stay disciplined to manage risk while pursuing profitability in volatile markets.

I think you need to have different journals. You might be talented to predict currency pairs based on the news, but it might not work on cryptos! Have different journals.

2023 definitely I had some problems with cryptos in 2022, and I quit them. The market is way too volatile. I took a break in 2023 and worked on myself more than my trading skills. I worked on my personality and weaknesses. It was definitely better.

Definitely not scalping! I do not want him to experience all the stress his mother had:finger:

It is required and it is earned, not given! You can't just make it in 1 night, you have to lose money, trade based on your fear and greed, and wait for big losses to earn it! But once you possess that, well that's your turn to blow the market!

I think that's a great question to asses one's trading system! Both! I consider it as a cruel business that judges all aspects of your personality too! The others are hard to answer :))) Also, my philosophy is to be calm, and wait for the right trades that suit my system!

I think it is highly based on your role and the market you wanna work, but I wont call it a necessity! It would be better to start with a lot of money, when 1% of your account is 3$, it would be awesome if it was $100, but at the end I think everything depends on you and your system!

Let's forget about trading, where and how do you invest? what do you think of investing in stocks? or maybe real estate? And have you ever seen anyone investing in the forex market?

ChatGpt? I think you can use it for your school projects and for your general knowledge. Creating an edge based on that? doesn't seem really logical

My advice? go and work on real state agents and do not event think of being a trader

The one that suits you! Your mind, your balance, your personality, your risk management, and things like that! You can't copy others, even the most successful ones! So I am not going to ask you about your system :)

before all of them you have to be able to control your emotions or when you enter the market, it will ruin you! Also try to work a lot on demo and backtest your strategy

If you have a useful and proved EA that needs to be run 24/7 using a VPS can help you when you do not access the internet or you do not have a stable connection but look for free ones, do not pay for them.