I am trading on the Nadex Platform. I am getting SO SICK AND TIRED OF LOSING! I haven’t lost ANY OF MY OWN MONEY, because I haven’t started trading live, since I haven’t be able to develop a consistent profitable system. It is so frustrating and I am ready to QUIT. I have been trading for over 2 years. I am now 18, and overall, I am not profitable. I have my weeks where I am profitable, and then BAM! I lose ALL of my winning in then a lot more.
I will describe my trading set-up, since I am a new using and connot upload a photo. I wait for either the Stochastics (My settings are 12,3,5) or RSI (My settings for this is 3) to crossover in the overbrought and oversold conditions, then wait for it to cross back below/above to take my trade. I trade a few different currencies. I trade Eur/Usd, Gbp/Usd, Usd/Jpy, and Aud/Usd. I watch strategies on Youtube and try to implement them. Sometimes they work, and sometimes they don’t. Again, I am still overall losing money. I’ve blown about 3 Demo accounts on Nadex. Can someone PLEASE help me?