First steps after comeback?

Hello, guys! I started trading on my second year in College. Did my best, visited trainings and seminars, read a couple box. Worked for a month on a demo account but without feeling that you are earning or losing money it was useless experience. Why ?! Because in first month i fire up all money on my live acc. and that's it!

3 years have passed since that time. Now in my hands i have a 1000$ and what to start trading. And do not know what to do. There are so many new things, indicators, EAs, trade systems, automated trade systems, trade strategies and so on. Everybody promise 50% per month and more, on other hand a lot of people are screaming scam, it is not working.

So I have to points of view:
- stay away from Forex market you have only 5% chance to earn money here
- This is worldwide and interesting way of saving and increase your capital.

- stay away from Forex market you have only 5% chance to earn money here
- This is worldwide and interesting way of saving and increase your capital.

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This are not mutually exclusive points. You are 100% right. This is like a fire it can be nice and warm or it can burn you! Everything depend on you. Find a system or strategy comfortable for you and act!

Trading is simple to learn but hardest thing in the world to implement.

Take trading as a business with losses coming from your system as your cost of doing business. You just have to make sure that your cost of doing business is less than your total incoming revenues. As long as you are able to do that you should be fine.

safvan said:

Take trading as a business with losses coming from your system as your cost of doing business. You just have to make sure that your cost of doing business is less than your total incoming revenues. As long as you are able to do that you should be fine.

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Yes, I agree with you. Before I was play in Forex, gambeling, not working - what is not soo bad, if you are looking for just for fun and good feelings but if at the same time you expect to make some money - you will lose all as I did.