90% are looser because of many reasons. But in general 90% traders try to make hundreds of % profit quickly using any ready made system available using high leverage without understanding the concept of risk and reward system. They don't give sufficient time for learning. Also, by chance if they get a profitable system, then also they throw the system after a series of loss and again keep searching for another holy grail system.
Apart from that most brokers don't even send the orders to actual market and use a dealing desk to make sure the traders loose money so that they can hedge and make money.
In the beginning of this year ,I have started with Nadex without good knowledge of how to trade successfully. Sometimes, I traded like a gambler and thought a miracle could do to have the money back. I was about to quit but I chose to learn from my mistakes by making deeply research about people who succeeded in the market> I watched videos pros and cons, read articles , magazines, subscribed in some good forex websites that help you read charts, and understands indicators. Now I am better than January and I make less mistakes in demo account . Im am preparing to restart as disciplined- trader , not like a gambler.
jackson1802 posted: In the beginning of this year ,I have started with Nadex without good knowledge of how to trade successfully. Sometimes, I traded like a gambler and thought a miracle could do to have the money back. I was about to quit but I chose to learn from my mistakes by making deeply research about people who succeeded in the market> I watched videos pros and cons, read articles , magazines, subscribed in some good forex websites that help you read charts, and understands indicators. Now I am better than January and I make less mistakes in demo account . Im am preparing to restart as disciplined- trader , not like a gambler.
Every trade is a gamble unless you are 100% sure which way it will go! Its how you manage your risk and your mental strength holding it all together will determine whether you are successful or not.
I really appreciate someone saying something about the binary options scam. I just started trading 5 year ago and I know it is something that takes time, patience and a good strategy. As I started I was very attracted to the idea of winning 90% profit from each trade I'd made. But before I signed in, I remembered a phrase my mentor used to tell me: 'if it seems to good to be true, then it is really to good to be true'. So I did my research and ended up reading terrible reviews about those platforms. Such as not being able to withdraw your profits whenever you wanted and the fact that I was about to give my money to a Cyprus-regulated company... yes, a tax heaven country. To all of you that want to start trading, please don't be fooled by companies like those. Making money takes time and learning, you won't get rich over night but if you're disciplined enough you might one day be a successful trader. if your need any help for trading or marketplace please contact this email: [email protected]
Binary options brokers, if we can even call them that, are exceedingly untrustworthy. These companies employ all sorts of tactics to pull the wool over their clients’ eyes. Here is the latest example – the Swiss regulator Finma issued a warning against the binary options broker UBSOption (https://www.forexbrokerz.com/news/Switzerlands-FINMA-warns-of-UBSOption-Brokers-Option-binary-options-brokers). Said broker claims to be based in Switzerland but in fact the address they’ve actually listed is in Eastern Europe. And then there’s also the part where they clearly want their clients to think they’re related to UBS AG which is a major Swiss financial institution. However you look at them, they’re shady. And they’re neither the first nor the last to pull these tricks.
Admoni posted: Almost 90% beginners are loser from this trading place due to only lack of most accurate money management plan, basically they only emphasis on acquiring good trading knowledge and always ignore other inevitable parts . as a result they become loser. So besides good trading knowledge we the beginners have to ensure how to manage money in Forex.
Даже больше 97% - Сливают свой счет в течении 3 месяцев. 3% - становятся хорошими трейдерами через 3 года!
90% of traders lose 90% of money in 90 days... Yes, that is the truth about Forex. And why? 1)Most Forex brokers prefer to work like Cassinos. 2)Most Forex traders prefer to gamble than trade.
When a broker offers 500x leverage, it is offering a lie. If you use 2x keverage, a 50% move in price is needed to wipe out your money, a 3x leverage - 33%, a 500x leverage - 0,2%!!! A novice trader must trade using a maximum 2-3x leverage. But what we see is not that...
The false ilusion of easy money. 20-50% monthly in Forex is a lie... You can have this result for a couple of months and after that you will start losing all the money. Imagine a 6% monthly return for 1 year. After 1 year you double your money. After 5 years you multiply it by 32, and after 10 years by 1024. If you invest 100.000, after 10 years you have 100.000.000. I never met someone with this return (until I found a friend that bought 1.000 bitcoins in 2015 and sold everything over 10k).
A good advice... start aiming small at the beginning. If you survive not losing too much in the first year, increase your target - beat the DJ or DAX or NASDAQ index. Experienced traders are able to achieve 30-80%/year using a maximum risk of drawndown around 10%. In a 100.000 USD account, it is 2.500 to 6.500 USD monthly - a amount enough to make a life in Forex.
Trade safely... Remember, a high Drawdown means a high risk!
Justice1024 posted: And, of course, fear and greed.
Yes, fear and greed is what move trends. And because Forex is high leveraged fear and greed are leveraged too... Try to trade an unleveraged account. Boring and riskless. You can easily achieve 6% a year with zero risk...
Try to trade 20x leverage in just one trade. A 0.1% move (like EurUsd goes from 1.2000 to 1.2012) becomes a 2% profit! You can do that in scalping strategy, using for example, engulfing candles or inside bars breakout. I was able in a micro account to double my money in one month using this strategy, but never tried to do that with big money... because fear would mess everything..
Trade safely... Remember, a high Drawdown means a high risk!
This account is making profits of between 10% to 20% every month without a single losses. Drawdown at 1.5% max only. IS THIS TOO GOOD TO BE TRUE? Members refer others/members to earn commissions. Multi-Level system.
Usually when people lose money it’s because they lack the knowledge and experience to trade properly. Sometimes it is the result, however, of the dishonest practices of a scamming broker. What can be said when brokers lie to their clients from the start? For example, the Switzerland financial markets and service providers regulator FINMA has added two more forex brokers to its warning list of unlicensed entities: World Trade Capital and Swiss Assets FX. Both entities claim to be located in Switzerland, but neither is regulated by FINMA as it is required by law. (https://www.forexbrokerz.com/news/FINMA-warns-of-World-Trade-Capital-Swiss-Assets-FX-forex-brokers) Swiss Assets FX claims to be based in Basel and to be a “regulated investment services firm authorised in the conduct of its activities by the Swiss Securities and Exchange Commission (‘SFMSAS’) under the license no. 092/08”. That is a completely made up regulator, such an agency does not exist. They made up a regulator just to draw in gullible people to invest their money in their scam. Money which were probably then lost. One needs to be exceedingly cautious when picking a broker so they don’t end up getting scammed.
The Forex market is too much volatile and there is nobody who can predict the real faction of this market with certainly. As a result for keeping survive in a proper way we the traders have to depend on our trading strategies that we select according to our trading experience. we the traders always looking for a profitable trading strategy , practically for getting a maximal result by trading techniques we have to ensure real money managing plan.
I was looking at a signal provider last week ,they are up 7% so far this year,almost all there positions are straddle trades,doesn't inspire confidence but they're positive results, Forex is a tough business so we have to protect downside risk as much as possible,one thing I found useful was knowing the daily range of the pair.I think most new Traders have a problem with setting risk and accepting small gains which just kills an account and your confidence.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.