My Own Experience from 19 to now about 8 years already
knew forex from a scam at college time , which is very famous at that time , i dint join them but interested to know how to make easy money at that time and self explore without joining them.
( also going to some pyramid scheme , manage to join 1 for rm1000 member fees , then dint put in any effort to sales , waste just like that ..... maybe should say lucky too dint go sales thing. another on e after join quit immediately as they dont tell you what you need to do before join. )
then try indicator for 3 years without success
then start to learn price action
then until now...... have some small profit from my micro account ( 20usd )
there were alot to be consider other than a strategy itself , news , event , area of price ( a good selling signal at low area is not that good ) , emotional state( any changes in life will affect your decision and mind ), amount of pips risking ( too big SL points will diminish your RR ratio ) , etc etc
has been changing job all the time with no level up till now on my career , as i told myself " focus on forex! "
until now i realise that even i success in forex , the return is not that high despite " easy money " , as alot here said , we might have no return for a year , without a big enough account we cant really survive in this game , by survive i mean in real life living , not the account , we still need a job.
trading the intraday make me lose focus on my job , i would suggest others to trade the Daily chart as we only need to look at the market once a day , this would not interrupt with my job and even my life as the time needed is reduced. same to emotional side. this also help to improve our edge.
i have been wasting my 8years of career , if others ask me should he join forex , i would say Yes and No , and never give up your job.
even if i have 100k usd on my account now , if the return 10% a year average without a losing year , i still cant survive as my yearly income is only 10k usd without increasing my capital.
a young man without money cant even take care of himself. i am losing my life instead of getting a good one.
just my own experience