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Why 90% of retail traders fail...

NihadMunif
Jan 13 at 19:46
posts 18
Everything because these traders don't have enough knowledge, skills and experience. Basically, the same happens in any other activity, where people don't want to acquire knowledge and just want to make money work on them, while it doesn't work like that. Money always works on those ones, who made some efforts in their life in order to earn this money, ot on those ones who don't care about money at all. In my opinion, it's a real gift from a nature, when you're like a magnet to money. I guess we have to keep closer to such people, because they're pretty useful. Anyway, 90% of traders fail because of lack of desire.

RobSchiz
Jan 15 at 12:32
posts 567
NihadMunif posted:
Everything because these traders don't have enough knowledge, skills and experience. Basically, the same happens in any other activity, where people don't want to acquire knowledge and just want to make money work on them, while it doesn't work like that. Money always works on those ones, who made some efforts in their life in order to earn this money, ot on those ones who don't care about money at all. In my opinion, it's a real gift from a nature, when you're like a magnet to money. I guess we have to keep closer to such people, because they're pretty useful. Anyway, 90% of traders fail because of lack of desire.

Lack of proper knowledge and skills is the main reason to fail.

SteveHanks
Jan 17 at 19:17
posts 536
RobSchiz posted:
NihadMunif posted:
Everything because these traders don't have enough knowledge, skills and experience. Basically, the same happens in any other activity, where people don't want to acquire knowledge and just want to make money work on them, while it doesn't work like that. Money always works on those ones, who made some efforts in their life in order to earn this money, ot on those ones who don't care about money at all. In my opinion, it's a real gift from a nature, when you're like a magnet to money. I guess we have to keep closer to such people, because they're pretty useful. Anyway, 90% of traders fail because of lack of desire.

Lack of proper knowledge and skills is the main reason to fail.

Yes. You need to have proper knowledge to make a good career.

Vianni
Feb 05 at 12:16
posts 11
It doesn’t surprise me. The vast majority of people are simply driven by emotions. It allows them to become very easy victims for market makers. The latter make the crowd open trades in the required direction and the crowd losses money in the end, although not all of them, of course.

francwest
Feb 05 at 12:44
posts 9
because use marti system in nwes time

croisssan
Feb 06 at 11:36
posts 939
Very often - because of their own greed and desire for profit.

Seb King (sebking1986)
Feb 11 at 13:49
posts 348
Believing that they can rock up to a $7tn a day market with no education in it or prior experience and make a fortune out of it. Only in forex. Can you imagine people doing the same in medicine?!

If you can't spot the liquidity then you are the liquidity.
Jungle78
Feb 28 at 20:58
posts 103
Exactly if you are serious about been a trader how coukd you expect any decent results without treating it as the serious business it is

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