Disliked{quote} Majority of newbies lose their shirts for obvious reasons.. but as regards traders following rules losing, sorry, have a hard time swallowing that bit and here's why. Let's accept your argument as it is, for the moment, So following rules makes you lose money in forex, right? And as for the traders who have traded profitably, these are the ones who have followed the same rules. Based on your argument, the traders who traded profitably, must all be doing so based on a random order. But if that were the case, then all the traders who have...Ignored
The way I see it, it's a fascinating paradox, for example, losers also follow this type of rule (as you said: "including yours truly for the last few years has been making pips consistently with dd within limits and on the low side") and so do the winners, apparently. Same rules, different results.
So winning / losing is not about following rules. Because, for some, following rules makes them lose money AND for others, the same rules will make them money...
Something else must be going on, perhaps in the subconscious..