90% are loser ..why ?

TheSlyFox posted:
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.

this is a perfect reply with good information, thanks for your nice reply.

If you trade without market information, you will lose for sure. Don’t take it lightly and do what is required. Setting expectations from the market is easy but working hard to reach your expectations is what causes the real trouble. Be ready for that before you lose all that you have.

The figure is debatable, but a high number of traders lose money in the forex market. But this doesn’t stop you from becoming successful. If your technical and mental skills are aligned, then you can become a successful trader.

Trading too much, not conducting enough research, not using stop loss and relying too heavily on recommendations are some common mistakes made by traders which cause them heavy losses.

Fandango posted:
If you trade without market information, you will lose for sure. Don’t take it lightly and do what is required. Setting expectations from the market is easy but working hard to reach your expectations is what causes the real trouble. Be ready for that before you lose all that you have.

agree. trading without analysis can e a ship in an deep ocean without a rudder.

you said exactly , agree with your message

if we do same mistake again and again then its we call a own choice , not a mistake.

Earning in Forex is Very easy if you can do without emotion, Earning Forex is Very difficult if you do with emotion. It's As Simple As that.
When I trade, I focus on trading and No person is allowed visit. Infact trading for years have made me have No time to socialize. All i think is Profits and how to keep compounding it daily. This have been successful

Learning Forex is a little bit long-term process. Forex education is compulsory for traders who want to shine from trading.

Akasuki posted:
Learning Forex is a little bit long-term process. Forex education is compulsory for traders who want to shine from trading.

On point. I was mentored for 3 years by a popular Hedgefunder Before i became a proffesional. Now i'm mentoring other workers too. Success in fx requires hard work.

Akasuki posted:
Learning Forex is a little bit long-term process. Forex education is compulsory for traders who want to shine from trading.

Patient is Always the key. I'm Very good at being patient and much Reason for my success

Yes, a high number of traders fail. The cause of their failure is well-known. They lack the trading mindset and are not serious about trading. For many, forex is a way of making quick money, which isn’t the case. Other reasons include lack of trading system, poor risk management, opting for bad brokers, etc.

hi all. i'm newbie and trading is too hard for me. it's true. but i still trying to build my strategy way. i want become sucessful trader. and i respect and appreciate the advice given to traders. and me in particular. thank you.

True! Lack of right trading psychology is also one of the most common reasons for the failure of the traders.

Most forex traders lack the discipline and patience to follow a disciplined trading strategy. They are often tempted to enter the market on a whim and without any clear plan, which usually leads to losses.

Knowing how to trade is a skill that takes years to master.
The person who wants to have all the money in the world is bound to lose it all.

Forex trading is hard for 95%+ to be profitable long term. If you can't trade, just stop and buy dividend stocks, real estate etc.

After 8+ years of being a profitable trader, every single trader I have 'known' has failed and stopped except me.

I have no secret, no magic setup.

 Just the right combination of talent, intelligence, risk appetite, bankroll management, 'balls', insight, and dedication to succeed.


I have flipped countless accounts from $500 and grown to $2k+, made $20k in a little over a month, had over 70 trades in a row go my way, consistently have win rates over 70%.

Now I trade with around $5-10k a month, and usually make at least $500 a week. Each week/month I make more than I expect, I pull out and reset the growth, to protect the profits.

Because they lack knowledge and skills and don’t even take time to learn. They just want to get rich overnight without any effort. A beginner in forex must be willing to learn and be patient as it takes time. Those who enter the market with the right mindset will definitely become successful in the long run.

Pass more and more time not in trading but in market analysis. It will help you learn the market and grab more and more profit.