90% are loser ..why ?

Everyone's a genius in a Bull market.

I don't think 90% are losers. Yes, the majority of traders lose money, but that does not make them losers. They stop trading due to a lack of motivation.

venlamoe posted:
I don't think 90% are losers. Yes, the majority of traders lose money, but that does not make them losers. They stop trading due to a lack of motivation.

They lose but they aren't losers? What?

The problem with beginners is that they give up too quickly and never take time to learn. 90% of traders are not able to identify or learn from their mistakes instead they just blame the market for their losses. This attitude can never help you in the long run. We must be willing to learn and work on ourselves in order to become a skilled and successful forex trader.

That’s probably because of the misconception they have about the market. When they read about forex trading, it seems easy and doable that they set high expectations. But when they start doing it, they get to know about the hardships that are associated with forex trading.

yes , agree with you.

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.

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.