"Trading will get harder and harder in the future"

Watch Dariusz Dargo Trading Room every Wednesday at 15:30

I’ve been trading Forex since 2010.

Yes, I remember that my worst trading experience was losing on USDJPY in 2015 and my best was trading gold in 2016.

Since I have a few other jobs a more fitting definition, rather than professional trader, would be - an experienced trader. The path to effectivity is a combination of experience and education. That means that even the best theoretical foundation will not help you when practice and experience are lacking. And the experience is thousands of hours with charts, losses, wins, zeroed accounts.
 

In order to be successful throughout the day, a good night’s sleep is absolutely essential. That’s why I try to sleep at least 7-8 hours a night. Breakfast is usually followed by browsing through the market-related news, economic calendar, and going through charts looking for candlestick patterns that meet the requirements of my strategy.

In case I find an interesting setup I continue with opening order and if it’s a particularly good one I share it on social networks (I have my own group on FB, multiple channels on Telegram, and private thread on ForexFactory). However, I try not to spend too much time in front of the computer, be that as it may, it still takes up to 5-6 hours a day
I close my trading day in the evening as the US session ends. After that, I review the daily and H4 charts in terms of my strategy assumptions and check whether if it’s worth it watching the next day.

I trade on my own, strictly adhering to the rules of my strategy. With that said I also participate in discussions on trading forums or Facebook thematic groups. However, I try not to follow anyone’s opinions.

The DD2021PT (Dariusz Dargo 2021 Purple Trading) strategy is designed to have a low decline (DrawDown) and potential profitability of about 5-10 % per month. It is built on my own three strategies Price Action + MACD, EMA 144 and Range Bar Scalping. I will just add that this account has been running for 8 weeks and in March I closed at + 7.5% and April at + 13.5%. The retraction did not exceed 11%.

It goes without saying that technological progress will undoubtedly have an impact on trading. Access to financial markets is nowadays increasingly easier which can lead to a massive influx of new investors in the future. And more investors on market often translate to increased volatility.

Also, the use of automated trading systems can be to blame for increased difficulty in analyzing the markets. Trends are shorter plus the effect the covid-19 pandemic had on the global economy obscures the actual picture of the state of the economies of individual countries. This all often leads to misinterpretation of published macroeconomic which can end up by wrong investment decisions being made. Trading will get harder and harder.

I believe that in order to have an efficient mind, one has to have an efficient body too. That’s why I have been practicing competitive sports for many years now. Recently I have taken up also swimming and cycling which are now my favorite leisure activities.

A frequent accusation against trainers is the lack of transparency and hiding the results. The transactions that Dariusz Dargo will conclude during the Trading Room series will be documented through the profile on the myfxbook.com portal. So far, in just over two months, the shared account has generated over 20% profit with a maximum decline of 6.63%.