Everyone gets the same information when they start trading Forex:
Good risk/reward ratio. The bigger this is the less likely you will profit because you will be in the market long enough to be constantly stopped out by the mean reverting algorithms. You should get out with a reasonable profit before the mean reverting algo's drive the price the other way and tag you out while stripping you of your profit. This requires advanced skill and an understanding of market structure and order flow rotations.
Tight stop loss. Your stop loss is probably clustered behind shorter term swing points with hundreds of thousands of other tight stop losses waiting for the algorithms to tag you out just before the order flow changes and goes the other way. You will incur losses when you trade no matter what you do but you can learn to take the winning trades more often than the losers.
Confirmation. Waiting for confirmation let's Smart Money move the market where they want it to go and puts you in a worse position because you are trading near the middle of a move in a chop zone instead at the extreme where your risk to reward is much better and your likelihood of getting stopped out by a retracement against your position lessens the further price moves.
News trading. Lately news trading is more difficult than it was in the past but it can be done successfully if you are used to the volatility and you only take the trades that setup the way you want them to instead of blindly trading all news releases. The mean reverting algo's move one way 50 pips as a stop run and then turn and reverse and go in the real direction fast so those who were stopped out initially don't get back in and profit. The recent price action would have been counter to that real move so that the majority of traders who are trapped in poor trade locations are now under pressure and are slowly and methodically forced out of the market by a bull or bear trap.
Revenge trading. I "revenge trade" when I feel it is warranted. By revenge trade I mean initiating another entry into the market if I am stopped out quickly by a stop run if I got into the order flow a little early and I believe that the probability of success is still in my favor. The reason this is so important is that the algorithms that Smart Money uses extend further than you would expect. They see the orders on their books and they can generate additional profits by extending price movement whenever and wherever they want if that movement will result in additional profit as they push price through liquidity (stop orders). They also trigger orders that will put traders into the market on the wrong side of the order flow. That is why you see so many large pinbars in your charts. These pinbars are stopping traders out and initiating new traders into the order flow the wrong way at the same time. (That is why they call them "Smart Money").
Short time frames. You wouldn't believe what you can find out about Smart Money on lower time frames. They don't want you to observe their activities and start to learn what they tend to do so they mix up the movement so that price appears totally random and not worth tracking. Experienced traders know that Smart Money is using algorithms and basically do the same thing everyday in a slightly different manner to keep everyone guessing and believing that price is totally random. If you believe that price is totally random you don't feel so bad about always losing because it isn't your fault. Once you realize that price is manipulated you are accountable for what you do and you expect more of yourself. This is a huge shift in mindset that every trader needs to make in order to succeed.
You are now trading in a world where algorithms are driving the price of these currency pairs and moving price in a way that on the surface seems unpredictable and totally random. That is what Smart Money wants you to believe so that you have a passive indifference and you approach trading with a skepticism while still attempting to find a solution to your problem of net losing. Price is not random. Price is being driven to key target levels by big players who have devised a way to move price in a way that prevents most traders from profiting on a consistent basis. You can beat them at their own game.
In order to win this game you have to change: