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Arrogant advice

vontogr (togr)
Nov 17 2017 at 11:28
4862 posts
danas76 posted:

now 80% loss and 20% gain, every years more traders gain money in forex

where did you get such numbers?

vontogr (togr)
Nov 17 2017 at 11:28
4862 posts
Mohammadi posted:
A number of novice traders start their live trading too earlier before completing their task in demo! That’s the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!

Good advice.
Test your trading plan on demo
if you succeed trade live
otherwise you loose money

The Fox (TheSlyFox)
Nov 20 2017 at 07:40
31 posts
That statistic is also false and taken out of context, I love when people throw that around, 95% of NEW traders lose money in their first year, and nearly 100% of traders blow their first account, but in context (overall) In a study done of all active accounts from US brokers, approximately 38-40% of traders make money, now while it is true the majority of DAYTRADERS lose money through the course of the year, due to staring at charts all day which causes them to make silly decisions, many many swing traders are profitable. The fact is, you have to do research behind that statistic before you through it around as an absolute truth, if you want to use forex as a full time income, it is far easier to do it as a swing trader, then a day trader, and making 8% a month isn't very hard to achieve (not every month of course, summers have lower volatility and the second half of december you should just take off from holidays) but as long as you adopt the slow and grow approach, make no more then 2 trades a day, and never have more then 4 trades running at a time (preferably no more then 2 running at a time so you are able to properly monitor and manage the trades) then you will be fine. Another statistic is among all retail traders, 60% of all trades make money, and 40% lose money, if everyone used proper risk management, everyone would make money, of course there will always be imbalance as more traders have to lose then win so that people are able to make profits, but you get my point I assume, just as if you dont

Slow and Grow or Fast and Blow
vontogr (togr)
Nov 20 2017 at 07:48
4862 posts
can you post such study which results are completely different form every othe study?
xxx
In a study done of all active accounts from US brokers, approximately 38-40% of traders make money
xxx

Matt (BluePanther)
Nov 20 2017 at 18:24
1354 posts
'What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power.'
- 50 Cent

'But long before reaching Havona, these ascendant children of time have learned to feast upon uncertainty, to fatten upon disappointment, to enthuse over apparent defeat, to invigorate in the presence of difficulties, to exhibit indomitable courage in the face of immensity, and to exercise unconquerable faith when confronted with the challenge of the inexplicable.'
http ://truthbook.com/urantia-book/paper-26-ministering-spirits-of-the-central-universe

Matt (BluePanther)
Nov 20 2017 at 19:00
1354 posts
'The test is to recognize the mistake, admit it and correct it. To have tried to do something and failed is vastly better than to have tried to do nothing and succeeded.' - Dr. Dale E. Turner

The Fox (TheSlyFox)
Nov 21 2017 at 07:32
31 posts
It is results posted by the brokers themselves it is available for everyone

Slow and Grow or Fast and Blow
vontogr (togr)
Nov 21 2017 at 15:44
4862 posts
TheSlyFox posted:
https://www.financemagnates.com/forex/brokers/q4-2012-forex-traders-profitability-report-us-forex-market-keeps-losing-brokers-and-accounts/ Here you go


well the data are not relevant
A. they are 5 years old
B. it covers just one quarter
C. it counts accounts not traders
D. only US traders and couple of brokers

The fact traders are loosing money lead to fact that US has drastically decreased leverage and China bans margin trading. Point.

GENESIS ASSET (TradingtheCloud)
Nov 21 2017 at 15:47
38 posts
Just like to add.

With fintech enablers like copy trades and autotrades, many new or inexperienced traders are piggy backing on good traders and makng profits instead.


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