Im lose...

TheFX4You posted:

Marketorder posted:
I thought it was 90%

futama99 posted:
You are not alone, 95 % retail traders loss. Loss another $10,000 in couple of years, and you will start making profit :)

The reason why people lose is they don't open a practice account. Practice until you have months of profit and then start slow. Allot of people don't have the discipline to wait before they get good or they use robots

I agree, you need to do practice on demo.
And there are not so many loss traders.
Some time ago i saw article at 'forexlive' they published actual statistics.

https://www.myfxbook.com/community/general/thefx4you--his-ea-rtrendtake/836607,1

Everyone loses at some point or another.

ABSNET posted:
why???

1. Create trading plan.
2. Stick to it and trade it.
3. Evaluate the results
4. If you are loosing go back to #1

Give our signal service a try. You can take a free trial now: https://www.myfxbook.com/members/Alpscalp/alpscalp/1034087

votogr is pretty much on the ball. step 0.5 study study study.

jotekfinance posted:
votogr is pretty much on the ball. step 0.5 study study study.

@jotekfinance
Good point

ABSNET posted:
why???

Depends..


Are you trading Smaller Time Frames or Larger Time Frames?
Are you using Indicators or Candlestick Patterns?


If you are using smaller time frames, it is going to be a much harder challenge to be profitable consistently. Lots of volatility, small trading ranges and short hours in the Day-makes it really challenging.

Larger Time Frames are more stable and give more reliable signals especially based on Candlestick Patterns.

Spent 6 years Day Trading, lost it all. Switched to Swing Trading on the Daily and 4 Hour, never looking back.

Its early days on my Live Account but I am up 13.0% from just 7 trades, with almost 400 Pips made in the last 6 trades. (The Demo Account here tracks my Live Dukascopy Account but is behind by 3 trades
https://www.myfxbook.com/members/DRFXTRADING/duane/1079693). All things equal, I would only need 9 trades for 100% return.

Trades are not as frequent but when they appear, they more than compensate for the wait, giving you profitability with half the effort and twice the reward.


Duane Shepherd

DRFXTRADING posted:

ABSNET posted:
why???

Depends..


Are you trading Smaller Time Frames or Larger Time Frames?
Are you using Indicators or Candlestick Patterns?


If you are using smaller time frames, it is going to be a much harder challenge to be profitable consistently. Lots of volatility, small trading ranges and short hours in the Day-makes it really challenging.

Larger Time Frames are more stable and give more reliable signals especially based on Candlestick Patterns.

Spent 6 years Day Trading, lost it all. Switched to Swing Trading on the Daily and 4 Hour, never looking back.

Its early days on my Live Account but I am up 13.0% from just 7 trades, with almost 400 Pips made in the last 6 trades. (The Demo Account here tracks my Live Dukascopy Account but is behind by 3 trades
https://www.myfxbook.com/members/DRFXTRADING/duane/1079693). All things equal, I would only need 9 trades for 100% return.

Trades are not as frequent but when they appear, they more than compensate for the wait, giving you profitability with half the effort and twice the reward.


Duane Shepherd

couldnt have said it better myself.
remmeber guys, the only people who get rich from scalping or trading the daily noise is your broker... who gets a commission on each trade..

first of all 95% trader always losing money. actually is up to us want to lose or win.........learn as much as u can to be a successful trader don't lazy

Yes you can. I'm already up to 120% in one week.

I bet you haven't lost as much as me! 😉

At least I am the champion somewhere (cumulative losses)... 😝

Losing is the best way to learn trading IMHO. There's no such online lessons or something like your own experience

jackthedog666 posted:
Losing is the best way to learn trading IMHO. There's no such online lessons or something like your own experience

Absolutely! Stay positive! I just lost my account again, and I am on track to lose over $500k since I started forex in 2008.

Great stuff! Fantastic really! Forex is the best investment there is!

I can teach you to trade like me but it will cost you a lot of money (and I don't mean tutoring costs).

yes the best way to learn i agree, i learn a lot as well😂

Damn. 500k! That is a LOT. I would kill to have even 10% of that :)

Losing and gaining game...

You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.

Why do you think that everyone still avoids forex trading after over ten years forex retail?

The risk disclaimer is a legal loophole to permit downright theft.

BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.

Why do you think that everyone still avoids forex trading after over ten years forex retail?

The risk disclaimer is a legal loophole to permit downright theft.

Why do you keep on trading (and losing money) then???

bradipx posted:

BluePanther posted:
You can't win in forex. Anyone that thinks you can make a living or retire from forex trading is a fool. The only winners in the forex game are brokers and banks.

Why do you think that everyone still avoids forex trading after over ten years forex retail?

The risk disclaimer is a legal loophole to permit downright theft.

Why do you keep on trading (and losing money) then???

Because I am a fool.
Because I want to prove a point.
Because I have no real purpose to my life.

What about you? A good question that every retail trader should ask themselves.