Analysis is not to blame
In recent years, Forex trading has become much easier from a technical standpoint, but this hasn't made earning money on the currency exchange itself any easier.
Most traders, having acquired theoretical knowledge and begun trading, are disappointed with financial results that differ significantly from expectations.
Almost every newbie can't accept the fact that the number of losing trades is lower than the number of winning ones. And the fact that their deposit is dwindling before their eyes is also an unpleasant surprise.
This is where accusations against analysis come into play: some blame their mistakes on the imperfections of technical analysis, others argue the futility of fundamental analysis.
Traders reach a psychological dead end, become depressed, and feel as if everyone else is making money but them, and that the exchange isn't their thing.
This also applies to ready-made strategies for trading, they do not guarantee success, but only help find entry points into the market and recommend when to stop trading.
Strategies are just a template by which you can build your work and nothing more; you will still have to make the main decisions yourself.
Profitability is achieved not by having more successful positions than losing ones, but by maximizing profits from each successful trade.
No one is immune from mistakes, but the main thing is not to turn them into fatal ones and not to bring an unsuccessful deal to a close deposit drain.
However, assessing the success of your trading can only be done over a longer period of time. Americans have a good rule of thumb: talk about salary as an annual income. So, if you're asked how much you earn, you answer $12,000 a year, not $1,000 a month.
This same approach is especially relevant in trading: you can only evaluate the effectiveness of your trading based on the results of a year, and you shouldn't be discouraged if any month doesn't meet your expectations.
Therefore, before blaming analysis or pre-existing strategies, try to rethink your trading system, minimize losses on each trade, and, conversely, strive to get the most out of every profitable position.
And experience is still a thing; possessing a wealth of theoretical knowledge won't instantly make you a professional, whether in medicine or computer science, let alone in stock trading.
