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Why Forex Traders are losing ?
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thirdbrainsa

Member Since Jan 28, 2013  40 posts ThirdBrainFx (thirdbrainsa) Jul 11 2018 at 13:16
By default, Forex Market is more predictable than the classic stock market but statistics shows us that the majority of forex traders are losing.

Why ?

What are, for you, reasons for that ?

For me, i would say that the first reason is a bad money management system with low deposit account with high risk in any trade to try to make a 'coup' each time people play....

I figure out also very big differences between results if you pick 2 differents brokers with the same strategy used....

Clever and Smart Trading
nasrul_poyo

Member Since Sep 11, 2017  121 posts Nasrul (nasrul_poyo) Jul 12 2018 at 08:22
to get rich quickly yell

Growth Investing
thirdbrainsa

Member Since Jan 28, 2013  40 posts ThirdBrainFx (thirdbrainsa) Jul 12 2018 at 09:22
Narul EJ : than 'greed' is the second ennemy for traders with the fear to loose...

Clever and Smart Trading
ChristianWay

Member Since Jul 12, 2018  12 posts ChristianWay Jul 12 2018 at 09:56
Because they ignore fundamentals and focus on technical only

thirdbrainsa

Member Since Jan 28, 2013  40 posts ThirdBrainFx (thirdbrainsa) Jul 12 2018 at 10:03
ChristianWay posted:
Because they ignore fundamentals and focus on technical only


But all is in the price no ? in the charts ?

How fundamentals can bring short-term success ? Do the trader doesn't want to gain money only in short-term ?

How do you include fundamental in the way you are trading ?

Clever and Smart Trading
mmltd

Member Since Aug 04, 2017  31 posts Money Management (mmltd) Jul 12 2018 at 13:38
ChristianWay posted:
Because they ignore fundamentals and focus on technical only


Fundamentals have no meaning in daytrading forex. And long term trading is pointless due to swaps. Holding EU longs can kill your account simply due to negative swaps, even if price doesn't change in months.

Market is always right!
niceGLer

Member Since Dec 28, 2013  102 posts niceGLer Jul 12 2018 at 13:40
I think one has to be emotionally strong, analytic, and visual. For me the biggest reason for the losses is the inability to transform the mode of trading from the trend trading approach to the ranging market conditions. In my opinion it is probably a lie that one should focus on the higher time frames.

There are a lot of minor things that one should take into consideration. Those things can be learned only by trial and error and/or by having a good coach.

Trading can be purely technical and be profitable. Avoid trading during high risk news events.

One should begin with a demo account or with a very small real money lot size.

Just my opinion. Losses are unavoidable at learning phase.

ComebackKing

Member Since Apr 09, 2018  35 posts ComebackKing Jul 12 2018 at 13:41
How many doctors are there in the world? Are there more doctors in the world or more successful (consistently profitable over the long term) successful traders? My bet is that there are more doctors.

To be a doctor requires many years of schooling where there is a weeding out process. There is a regimented training program and testing process. With trading, any fool with some money in their pocket can open a trading account and lose it.

Most people lose money trading markets because they have no idea what they are doing. There is no real formal training program for the markets like there is to be a doctor, lawyer or any other sort of professional. From start to finish it might take 7 years to be a practicing lawyer including a bachelors degree. How many have put 7 years of that kind of effort into trading? Those that have are probably consistently profitable or very close to it.

Elanbani

Member Since Jul 12, 2018  14 posts Elanbani Jul 12 2018 at 13:56
ChristianWay posted:
Because they ignore fundamentals and focus on technical only

 I agree with you on this point.
But there might be some other reasons as well.

Adribaasmet

Member Since Aug 27, 2017  433 posts Adribaasmet Jul 12 2018 at 14:52
thirdbrainsa posted:
By default, Forex Market is more predictable than the classic stock market but statistics shows us that the majority of forex traders are losing.

Why ?

What are, for you, reasons for that ?

For me, i would say that the first reason is a bad money management system with low deposit account with high risk in any trade to try to make a 'coup' each time people play....

I figure out also very big differences between results if you pick 2 differents brokers with the same strategy used....


No doubt, money management is an important issue; but the main problem is lack of trading knowledge! In addition, almost all of new traders are too hurry, that is another reason.

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