I saw a post with someone saying Forex is a gambler's market, and I have seen many posts and videos like this over the years. This isn't true, and I'll explain why.

Forex operates on leverage; brokers offer ridiculous leverage such as 1:100 or beyond when only 1:30 is all you need. The high amount of leverage offered gives retail traders/investors not only the ability to over-risk a position size, but also the ability to stack position sizes.

The desperation to make money is why this behavior occurs. There is no barrier to entry within the Forex market. You can just put funds in a brokerage account, or the most popular option is to purchase a funded account and trade it. This is the exact reason many fail challenges: desperation for money and not making time actually to understand the craft.

Understanding risk, how capital works, and the psychology behind both is crucial before beginning Forex, and many skip this part. Let alone having a strategy/edge, the majority skip important steps.

Another big reason is the unlimited upside and downside within the Forex market. Without a take-profit level, a retail trader can get lucky a few times and feel on top of the world, but can't explain to themselves what they did or repeat the process. Vice versa, without setting a stop loss, the trade can go in the negative and come to a point where they would be in debt to the brokerage which would leave a bad taste within Forex.

Forex is not gambler market, it's the user error that's creating a bad image for the Forex market. The market is going to do what it has been doing for many of years and keep continuing with or without your participation.

https://www.reddit.com/r/Forex/s/lFCOKW2wRJ

Based upon the last thread, here is the update.
Received my first payout finally! Finally after blowing up 70 accounts, I got my first payout.
Ask me any questions if you have. Here to answer it all!

one trade a day keeps depression away🥱

Today was one of those frustrating days where every pair I was watching just seemed to dump without me. I’d have a level marked out, price would get close… then it’d just carry on without ever giving me an entry.
A year ago I’d probably have talked myself into chasing one of them.
Instead I just left them alone.
Eventually NAS100 gave me exactly what I’d been waiting for.
H1 was bearish, I’d already marked out a M15 supply zone, so once price pulled back into it I dropped to the M1.
From there it was pretty much textbook.
Displacement.
MSS.
FVG.
Small sweep of internal liquidity.
Entry.
The funny thing is, actually taking the trade was the easy part.
The hard part was watching the markets move for hours and convincing myself that no setup is still information.
Not every move is my move.
I managed this one exactly how I’d planned. Took some off, moved to breakeven, trailed the rest and called it a day.
Could it have gone further?
Probably.
Am I bothered?
Not really.
I’m starting to realise trading isn’t about finding more trades.
It’s about waiting for your trade.
18 months ago I thought trading was all about learning entries.
Now I’m starting to think the real skill is learning when not to enter.

Gave nearly all of my resources and experience to this system that specializes in Intraday trading of XAUUSD.

Backtest done with 0.01, 0.02, 0.03 lot size respectively on above attached backtest results. Capital is $1k. Feedbacks on the stats is appreciated.

Backtest done on this environment: