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90% are loser ..why ?
Member Since Jan 05, 2016
1189 posts
Aug 02, 2019 at 19:27
Member Since Jan 05, 2016
1189 posts
If you want to make money with investing then you need to diversify your portfolio, learn proper money management, reduce your risk, trade with REASONABLE SL and TP levels, and check 100% of your emotions at the door.
Stop putting your faith in other people to provide you with the 'holy grail' of automated systems, and learn to trade PROPERLY.
Stop putting your faith in other people to provide you with the 'holy grail' of automated systems, and learn to trade PROPERLY.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Member Since May 14, 2019
30 posts
Aug 16, 2019 at 18:06
Member Since May 14, 2019
30 posts
The main reason for the massive failure is advertising. Novice traders are very gullible and intoxicated by the prospect of QUICK and EASY earnings in a few steps.
In fact, the modern Forex market is indeed a unique place where absolutely everyone can earn big money. The only problem here is that this is not so simple.
In fact, the modern Forex market is indeed a unique place where absolutely everyone can earn big money. The only problem here is that this is not so simple.
forex_trader_565984
Member Since Oct 08, 2018
144 posts
Aug 17, 2019 at 08:41
Member Since Oct 08, 2018
144 posts
The answer is simple. 90% are looser that's why the remaining 10% make consistent profits and that's how the forex market works.
Forex market takes the money from impatient and undisciplined traders as losses and market rewards the same money to patient and disciplined forex traders as profits, because forex market is a zero sum game.
To talk more realistically, there are already highly sophisticated automated algos with high computing power run by big players like banks and hedge funds who actually provide liquidity to the market and control the major price movements and it is very difficult or almost impossible to beat them and take money out of their pockets.
So the total money which is lost by 90% of traders feed as profits to all of them and remaining comes to some of the professional traders.
Forex market takes the money from impatient and undisciplined traders as losses and market rewards the same money to patient and disciplined forex traders as profits, because forex market is a zero sum game.
To talk more realistically, there are already highly sophisticated automated algos with high computing power run by big players like banks and hedge funds who actually provide liquidity to the market and control the major price movements and it is very difficult or almost impossible to beat them and take money out of their pockets.
So the total money which is lost by 90% of traders feed as profits to all of them and remaining comes to some of the professional traders.
Member Since Aug 12, 2019
7 posts
Aug 19, 2019 at 12:08
Member Since Aug 12, 2019
7 posts
Q_FxTrader posted:
The answer is simple. 90% are looser that's why the remaining 10% make consistent profits and that's how the forex market works.
Forex market takes the money from impatient and undisciplined traders as losses and market rewards the same money to patient and disciplined forex traders as profits, because forex market is a zero sum game.
To talk more realistically, there are already highly sophisticated automated algos with high computing power run by big players like banks and hedge funds who actually provide liquidity to the market and control the major price movements and it is very difficult or almost impossible to beat them and take money out of their pockets.
So the total money which is lost by 90% of traders feed as profits to all of them and remaining comes to some of the professional traders.
How very depressing. Is there any hope for retail traders?
forex_trader_565984
Member Since Oct 08, 2018
144 posts
Aug 19, 2019 at 13:26
Member Since Oct 08, 2018
144 posts
Brighthouse posted:it may sound depressing..but it is the fact how forex market works. Because money doesn't come from nothing. Someone has to loose so that someone else will gain the same money.Q_FxTrader posted:
The answer is simple. 90% are looser that's why the remaining 10% make consistent profits and that's how the forex market works.
Forex market takes the money from impatient and undisciplined traders as losses and market rewards the same money to patient and disciplined forex traders as profits, because forex market is a zero sum game.
To talk more realistically, there are already highly sophisticated automated algos with high computing power run by big players like banks and hedge funds who actually provide liquidity to the market and control the major price movements and it is very difficult or almost impossible to beat them and take money out of their pockets.
So the total money which is lost by 90% of traders feed as profits to all of them and remaining comes to some of the professional traders.
How very depressing. Is there any hope for retail traders?
The answer is again simple. If you can't beat them, then join them.
I mean instead of trying hard to develop your own strategy and trade yourself or finding holy grail etc, simply join a already successful trader through fund management or PAMM or through signal service etc.
But the difficult question is how to find a successful trader who is also providing any such service to retail traders is the task of the trader to find. Because most of the times if someone is providing any such service means he is not 100% confident on his trading skills and he is risking the money of the investors which might get wiped out at some point in time in future.
So managing risk and allocating funds in multiple trading strategies and systems by diversification is the key to successful trading and making profit in long term from forex market. I mean never put all your money with one trader or one trading system or one broker etc and always keep funds diversified in multiple places safely so that if one gets wiped out still you can survive in forex market in long run.
Aug 20, 2019 at 16:07
Member Since Aug 20, 2019
1 posts
Are those stats correct though...?
What is counted?
Traders complete history, each individual account, each trade taken (doubt it)?
And Traders have many accounts on various brokers, small burner accounts
I can burn 10 200€ accounts and be profitable on a 20.000€ account and I am losing 90% of the time...
How ist that statistic made?
What is counted?
Traders complete history, each individual account, each trade taken (doubt it)?
And Traders have many accounts on various brokers, small burner accounts
I can burn 10 200€ accounts and be profitable on a 20.000€ account and I am losing 90% of the time...
How ist that statistic made?
Member Since Aug 27, 2017
994 posts
Oct 30, 2019 at 06:59
Member Since Apr 18, 2017
920 posts
Roberto21 posted:
Actually only due to lack of trading knowledge is not the foremost reason for failing , according to me most of them are loser because of emotions and they try to take revenge when fall a loss. Nothing without it there is no reason behind major losses.
Correct; a number of new traders start their live trading too early; and they lose their own money in a regular basis. Because, they are trading with an ordinary trading skill.
forex_trader_643759
Member Since Jan 17, 2019
13 posts
Nov 06, 2019 at 00:15
Member Since Jan 17, 2019
13 posts
Forex is a long term game not get rich quick system. I am the proof of that. when I started i traded in short time mind set and I made lot of money. But lost all of it. Then I started to look in long term goal and changed my strategy that way. I have not looked back since 2016.
Member Since Sep 09, 2019
11 posts
forex_trader_753800
Member Since Jul 16, 2019
9 posts
Nov 06, 2019 at 22:12
Member Since Jul 16, 2019
9 posts
I think in this topic all reasons have been sayed, so i just can say my idea why many people lose in forex, i think its because they dont take enough care about money management, because they dont know how important it can be, because if you use to much lotsize and somethink goes wrong then you lose to much or everythink and the markets are full of false signals, everyday things go other way then somebody have think and only if you did not use to much lotsize you have the chance to continue with trading but if you have use to much lotsize then you have propably already lose the complete account. that i think is the main problem.
Member Since Jan 05, 2016
1189 posts
Nov 06, 2019 at 22:34
Member Since Jan 05, 2016
1189 posts
finnishpension posted:
90% are loser in life it is not surprising that 90% also lose at Forex
People who trade like 90% of people, will lose like 90% of people.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Nov 07, 2019 at 05:00
Member Since Jul 21, 2019
1 posts
90 percent loser, coz they want to get rich quick...10 percent winner becoz...Passion...they think about it night and day to have a better trade the next day, got beat up and get back up and try again...and enjoy the proses, how to manage greed and take the punishment when wrong.
don't chase the money, start with a small live account if a demo account doesn't bite your adrenalin. follow Pro trader on tradingview or myfxbook, study the reason behind the chart they draw, read the news to feel the sentiment. Don't focus to grow your account when you are new to trading, but focus improve your skill and Benjamin will follow you !!!
Quote 'Never Heard of Great Success people with an easy past'.
don't chase the money, start with a small live account if a demo account doesn't bite your adrenalin. follow Pro trader on tradingview or myfxbook, study the reason behind the chart they draw, read the news to feel the sentiment. Don't focus to grow your account when you are new to trading, but focus improve your skill and Benjamin will follow you !!!
Quote 'Never Heard of Great Success people with an easy past'.
Member Since Feb 22, 2011
4862 posts
Nov 07, 2019 at 14:58
Member Since Feb 22, 2011
4862 posts
finnishpension posted:Nope. Spread has nothing to do with your loss. With good broker spread is so small that you can become profitable in less than minute.
90% are loser in life it is not surprising that 90% also lose at Forex
Poor trading skills
Greed
Lack of concentration
Emotions
These are the main problems of manual trader.
Member Since Mar 03, 2019
57 posts
Member Since Mar 03, 2019
57 posts
Nov 07, 2019 at 15:40
Member Since Mar 03, 2019
57 posts
Forexquanten posted:MM is very important.
I think in this topic all reasons have been sayed, so i just can say my idea why many people lose in forex, i think its because they dont take enough care about money management, because they dont know how important it can be, because if you use to much lotsize and somethink goes wrong then you lose to much or everythink and the markets are full of false signals, everyday things go other way then somebody have think and only if you did not use to much lotsize you have the chance to continue with trading but if you have use to much lotsize then you have propably already lose the complete account. that i think is the main problem.
Member Since Sep 11, 2016
17 posts
Nov 07, 2019 at 15:49
Member Since Sep 11, 2016
17 posts
hello i am here to say my story , i trade since from OANDA to FXCM to some scam copy trade , to win the forex u need to stay focus and correct MM , put away emotional , SL is good thing , when we need surrender that trade position we also need a good reason to stop lost , our SL is broker TP point , nowday i trade with good MM , every 1000 usd mostly 0.01 lot , when trade went dd we have plenty of time layer or add position waiting the trade recover , till today i still learning , we learn together , GOOD LUCK and happy trading
regard
ANRDEW
regard
ANRDEW
Nov 07, 2019 at 18:10
Member Since Dec 28, 2013
171 posts
togr posted:finnishpension posted:Nope. Spread has nothing to do with your loss. With good broker spread is so small that you can become profitable in less than minute.
90% are loser in life it is not surprising that 90% also lose at Forex
Poor trading skills
Greed
Lack of concentration
Emotions
These are the main problems of manual trader.
I just realised that normal market fluctuations get leveled out in the weekly time frame. News spikes, whipsaws etc. Gosh! I see a reason why people in general, apparently don't use stop losses.
There is a remarkable turn off for me trading with ECN or alike, in spite of low spread. Many times market makers have this negative balance protection and/or guaranteed stop loss.
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