70-80% of retail CFD traders lose money.
Gold makes it harder. It moves on wars, oil shocks and central bank buying, not clean patterns.
Beginners: start with EURUSD, not gold or GBPJPY.
3 slides on why, plus the forex myths most people believe.
Most traders don't have a psychology problem.
They have an edge problem.
You can't “trust the process” when you don't know whether your process actually works.
Test it.
Measure it.
Know the distribution.
Then execute.
I wrote a short piece on this.
Read the PDF below. ↓
Jane Street has better data.
Citadel has better infrastructure.
Institutions have better execution.
So what's the retail edge?
Maybe it's not information.
Maybe it's being small enough to wait, specialize, and repeat one profitable model thousands of times.
I was in a sell in gbpusd, after the 1 am candle liquidity and after some time when I view it eurusd already move upward so I cut it at almost 1:1 and after that it took so... I was just fucking lucky.
But it was a loss day technically