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90% are loser ..why ?
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Admoni

Member Since Aug 09, 2017  95 posts Admoni Sep 29 2017 at 09:35
according to me, I am not willing to consider Forex trading is an easy source to earn money rapidly , because there is nobody who can predict the real faction of this market with certainly as a result almost 90% traders are loser from here due to having much volatile nature.

Mohammadi

Member Since Aug 11, 2017  261 posts Mohammadi Oct 19 2017 at 06:18
In Fx trading for avoiding loss Many experts suggest not to trade with high leverage, but In order to me, if traders have confidence with their trading strategy and high amount of money in deposit account, surely they can choose high leverage ratio because it will give them no problem. But if have small balance deposit only while trading system is not too good , small leverage ratio could help traders minimize the ratio.

togr

Member Since Feb 22, 2011  3808 posts vontogr (togr) Oct 19 2017 at 06:44
Mohammadi posted:
In Fx trading for avoiding loss Many experts suggest not to trade with high leverage, but In order to me, if traders have confidence with their trading strategy and high amount of money in deposit account, surely they can choose high leverage ratio because it will give them no problem. But if have small balance deposit only while trading system is not too good , small leverage ratio could help traders minimize the ratio.


It is quite opposite
you can trade with high balance with LOW leverage
you cannot trade small balance without leverage because simply you wont be able to open a trade. Try to open a the smallest trade of 0.01 lot on small account of $1000 and leverage 1:2 or 1:3.

I like what I trade, I trade what I like
Mike76

Member Since Oct 29, 2017  10 posts Mike76 Nov 02 2017 at 07:28
togr posted:
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.

It is the very human nature itself to get the results without putting in any effort. Simply said almost everybody wants to get rich, fast without the effort. So they start trading prior to learn how to do it. Once they loose their money there is no more need or energy to get the forex knowledge.


What you described happened to me in the past. At that time I didn't bother to learn and trusted others opinion more than myself - unfortunately lost some money.

togr

Member Since Feb 22, 2011  3808 posts vontogr (togr) Nov 02 2017 at 15:58
Mike76 posted:
togr posted:
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.

It is the very human nature itself to get the results without putting in any effort. Simply said almost everybody wants to get rich, fast without the effort. So they start trading prior to learn how to do it. Once they loose their money there is no more need or energy to get the forex knowledge.


What you described happened to me in the past. At that time I didn't bother to learn and trusted others opinion more than myself - unfortunately lost some money.


Dont worry, a lot of traders learnt by making mistakes.
So further stage of your development you will make less mistakes :)

I like what I trade, I trade what I like
Mike76

Member Since Oct 29, 2017  10 posts Mike76 Nov 03 2017 at 13:54
togr posted:
Mike76 posted:
togr posted:
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.

It is the very human nature itself to get the results without putting in any effort. Simply said almost everybody wants to get rich, fast without the effort. So they start trading prior to learn how to do it. Once they loose their money there is no more need or energy to get the forex knowledge.


What you described happened to me in the past. At that time I didn't bother to learn and trusted others opinion more than myself - unfortunately lost some money.


Dont worry, a lot of traders learnt by making mistakes.
So further stage of your development you will make less mistakes :)


Great to hear that! It would be nice to learn more from others mistakes :)

realnotstor

Member Since Aug 29, 2017  6 posts Helena (realnotstor) Nov 09 2017 at 08:17
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.


Сначала определите сколько нибудь надежнубю стратегию, научитесь ей следовать, только протом прибегайте к управлению рисками.

Если Вы сливаете никакой контроль надо капиталом Вас не спасет от разорения.

Остаться в живых (на Форексе)
TheSlyFox

Member Since Nov 19, 2017  10 posts The Fox (TheSlyFox) Nov 20 2017 at 07:40
Manual trading is currently much better then automatic trading in my opinion (I am not speaking about risk desk ea's as those are fantastic for helping manage your psychology and the amount of risk you use daily, weekly, monthly, as well as automatically adjusting stop loss based on redetermined settings) but in terms of fully automated trading systems, I hate them for a few reasons, first of all, when using a fully automated system, the majority of them don't teach the strategy behind the system, if you can't trade an automated system manually due to not understanding the mentality and rules of it, you won't know which market conditions to run it. You can have the best algo in the world, but if it is designed to make money during high volatility markets, and you run it during low volatility markets, you will lose money. It is my belief that unless you create your own algo, and understand its strengths as well as weaknesses I would stay away from fully automated systems (unless you learn to trade the strategies the system uses manually and understand when it is best to trade it) to put it in simple terms, whenever you design an algo, it is used for specific types of markets as you can never account for the news or take into account every single market condition. The reason manual trading is great is that as long as you have a comprehensive plan, you can take into account news releases, market sentiments, market volatility, and adjust your strategy based on current conditions. That is why so many automated robots lose people money, they work amazing in the marketplace setting they were designed for, but otherwise lose in the things that weren't taken into account, or don't favor their strategy, ask if I am unclear, I just had 4 wisdom teeth removed so my thoughts are a bit unclear, any questions and I would be glad to clarify.

Slow and Grow or Fast and Blow
Jimmblack

Member Since Nov 22, 2017  21 posts Jimm (Jimmblack) Nov 23 2017 at 07:34
As for me, it all depends not only on the knowledge of the forex market, the choice of the strategy and the distribution of resources. But also from human psychology. If he/she is too gambling and cannot calmly take the situation, sooner or later he/she will lose everything.

togr

Member Since Feb 22, 2011  3808 posts vontogr (togr) Nov 23 2017 at 15:32
Mike76 posted:
togr posted:
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.

It is the very human nature itself to get the results without putting in any effort. Simply said almost everybody wants to get rich, fast without the effort. So they start trading prior to learn how to do it. Once they loose their money there is no more need or energy to get the forex knowledge.


What you described happened to me in the past. At that time I didn't bother to learn and trusted others opinion more than myself - unfortunately lost some money.

So how are you doing nowadays?

I like what I trade, I trade what I like
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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.