Professional4X
Medlem sedan Jan 05, 2016
1189 inlägg
Aug 02 2019 at 19:24
BallyLemur posted:
But even when people try to trade using EA (which has no emotion) they are almost all loser. I am starting to think that it is impossible to make money trading Forex
Do you really expect to get rich from an EA that was randomly downloaded from the Internet?
Ask yourself, if this thing works so great why are they selling it for $49.95 or some other such absurd price level.
The answer is simple, regardless of what 'promises' and 'guarantees' that are given, NO EA that your going to buy from a random website is EVER going to make you infinitely wealthy.
REAL expert level traders know this is a fact, and people who buy such things are getting ripped off.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Medlem sedan Jan 05, 2016
1189 inlägg
Aug 02 2019 at 19:27
If you want to make money with investing then you need to diversify your portfolio, learn proper money management, reduce your risk, trade with REASONABLE SL and TP levels, and check 100% of your emotions at the door.
Stop putting your faith in other people to provide you with the 'holy grail' of automated systems, and learn to trade PROPERLY.
Stop putting your faith in other people to provide you with the 'holy grail' of automated systems, and learn to trade PROPERLY.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Felhagamand
Medlem sedan May 14, 2019
29 inlägg
Aug 16 2019 at 18:06
The main reason for the massive failure is advertising. Novice traders are very gullible and intoxicated by the prospect of QUICK and EASY earnings in a few steps.
In fact, the modern Forex market is indeed a unique place where absolutely everyone can earn big money. The only problem here is that this is not so simple.
In fact, the modern Forex market is indeed a unique place where absolutely everyone can earn big money. The only problem here is that this is not so simple.

Aug 17 2019 at 08:41
The answer is simple. 90% are looser that's why the remaining 10% make consistent profits and that's how the forex market works.
Forex market takes the money from impatient and undisciplined traders as losses and market rewards the same money to patient and disciplined forex traders as profits, because forex market is a zero sum game.
To talk more realistically, there are already highly sophisticated automated algos with high computing power run by big players like banks and hedge funds who actually provide liquidity to the market and control the major price movements and it is very difficult or almost impossible to beat them and take money out of their pockets.
So the total money which is lost by 90% of traders feed as profits to all of them and remaining comes to some of the professional traders.
Forex market takes the money from impatient and undisciplined traders as losses and market rewards the same money to patient and disciplined forex traders as profits, because forex market is a zero sum game.
To talk more realistically, there are already highly sophisticated automated algos with high computing power run by big players like banks and hedge funds who actually provide liquidity to the market and control the major price movements and it is very difficult or almost impossible to beat them and take money out of their pockets.
So the total money which is lost by 90% of traders feed as profits to all of them and remaining comes to some of the professional traders.
Brighthouse
Medlem sedan Aug 12, 2019
7 inlägg
Aug 19 2019 at 12:08
Q_FxTrader posted:
The answer is simple. 90% are looser that's why the remaining 10% make consistent profits and that's how the forex market works.
Forex market takes the money from impatient and undisciplined traders as losses and market rewards the same money to patient and disciplined forex traders as profits, because forex market is a zero sum game.
To talk more realistically, there are already highly sophisticated automated algos with high computing power run by big players like banks and hedge funds who actually provide liquidity to the market and control the major price movements and it is very difficult or almost impossible to beat them and take money out of their pockets.
So the total money which is lost by 90% of traders feed as profits to all of them and remaining comes to some of the professional traders.
How very depressing. Is there any hope for retail traders?

Aug 19 2019 at 13:26
Brighthouse posted:Q_FxTrader posted:
The answer is simple. 90% are looser that's why the remaining 10% make consistent profits and that's how the forex market works.
Forex market takes the money from impatient and undisciplined traders as losses and market rewards the same money to patient and disciplined forex traders as profits, because forex market is a zero sum game.
To talk more realistically, there are already highly sophisticated automated algos with high computing power run by big players like banks and hedge funds who actually provide liquidity to the market and control the major price movements and it is very difficult or almost impossible to beat them and take money out of their pockets.
So the total money which is lost by 90% of traders feed as profits to all of them and remaining comes to some of the professional traders.
How very depressing. Is there any hope for retail traders?
it may sound depressing..but it is the fact how forex market works. Because money doesn't come from nothing. Someone has to loose so that someone else will gain the same money.
The answer is again simple. If you can't beat them, then join them.
I mean instead of trying hard to develop your own strategy and trade yourself or finding holy grail etc, simply join a already successful trader through fund management or PAMM or through signal service etc.
But the difficult question is how to find a successful trader who is also providing any such service to retail traders is the task of the trader to find. Because most of the times if someone is providing any such service means he is not 100% confident on his trading skills and he is risking the money of the investors which might get wiped out at some point in time in future.
So managing risk and allocating funds in multiple trading strategies and systems by diversification is the key to successful trading and making profit in long term from forex market. I mean never put all your money with one trader or one trading system or one broker etc and always keep funds diversified in multiple places safely so that if one gets wiped out still you can survive in forex market in long run.
Are those stats correct though...?
What is counted?
Traders complete history, each individual account, each trade taken (doubt it)?
And Traders have many accounts on various brokers, small burner accounts
I can burn 10 200€ accounts and be profitable on a 20.000€ account and I am losing 90% of the time...
How ist that statistic made?
What is counted?
Traders complete history, each individual account, each trade taken (doubt it)?
And Traders have many accounts on various brokers, small burner accounts
I can burn 10 200€ accounts and be profitable on a 20.000€ account and I am losing 90% of the time...
How ist that statistic made?
Roberto21
Medlem sedan May 02, 2019
364 inlägg
Aug 20 2019 at 19:17
Actually only due to lack of trading knowledge is not the foremost reason for failing , according to me most of them are loser because of emotions and they try to take revenge when fall a loss. Nothing without it there is no reason behind major losses.
Another reason traders lose because of trading without a trading strategy.
Adribaasmet
Medlem sedan Aug 27, 2017
994 inlägg
Oct 29 2019 at 16:55
Sven98 posted:
Another reason traders lose because of trading without a trading strategy.
Really; without having a particular trading system; the journey is very risky! Besides, traders should have a clear game plan!
AniLorak
Medlem sedan Apr 18, 2017
920 inlägg
Oct 30 2019 at 06:59
Roberto21 posted:
Actually only due to lack of trading knowledge is not the foremost reason for failing , according to me most of them are loser because of emotions and they try to take revenge when fall a loss. Nothing without it there is no reason behind major losses.
Correct; a number of new traders start their live trading too early; and they lose their own money in a regular basis. Because, they are trading with an ordinary trading skill.

Nov 06 2019 at 00:15
Forex is a long term game not get rich quick system. I am the proof of that. when I started i traded in short time mind set and I made lot of money. But lost all of it. Then I started to look in long term goal and changed my strategy that way. I have not looked back since 2016.
finnishpension
Medlem sedan Sep 09, 2019
11 inlägg
Nov 06 2019 at 11:28
90% are loser in life it is not surprising that 90% also lose at Forex

Nov 06 2019 at 22:12
I think in this topic all reasons have been sayed, so i just can say my idea why many people lose in forex, i think its because they dont take enough care about money management, because they dont know how important it can be, because if you use to much lotsize and somethink goes wrong then you lose to much or everythink and the markets are full of false signals, everyday things go other way then somebody have think and only if you did not use to much lotsize you have the chance to continue with trading but if you have use to much lotsize then you have propably already lose the complete account. that i think is the main problem.
Professional4X
Medlem sedan Jan 05, 2016
1189 inlägg
Nov 06 2019 at 22:34
finnishpension posted:
90% are loser in life it is not surprising that 90% also lose at Forex
People who trade like 90% of people, will lose like 90% of people.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
90 percent loser, coz they want to get rich quick...10 percent winner becoz...Passion...they think about it night and day to have a better trade the next day, got beat up and get back up and try again...and enjoy the proses, how to manage greed and take the punishment when wrong.
don't chase the money, start with a small live account if a demo account doesn't bite your adrenalin. follow Pro trader on tradingview or myfxbook, study the reason behind the chart they draw, read the news to feel the sentiment. Don't focus to grow your account when you are new to trading, but focus improve your skill and Benjamin will follow you !!!
Quote 'Never Heard of Great Success people with an easy past'.
don't chase the money, start with a small live account if a demo account doesn't bite your adrenalin. follow Pro trader on tradingview or myfxbook, study the reason behind the chart they draw, read the news to feel the sentiment. Don't focus to grow your account when you are new to trading, but focus improve your skill and Benjamin will follow you !!!
Quote 'Never Heard of Great Success people with an easy past'.
niceGLer
Medlem sedan Dec 28, 2013
169 inlägg
Nov 07 2019 at 11:01
Spread is the main reason. Market plays are the second. If one opens arbitrarily positions, and closes them after 20 pip loss and profit, losses equal to spread :)
Other reasons are the ones mentioned above, I guess :)
Other reasons are the ones mentioned above, I guess :)
vontogr
(togr)
Medlem sedan Feb 22, 2011
4862 inlägg
Nov 07 2019 at 14:58
finnishpension posted:
90% are loser in life it is not surprising that 90% also lose at Forex
Nope. Spread has nothing to do with your loss. With good broker spread is so small that you can become profitable in less than minute.
Poor trading skills
Greed
Lack of concentration
Emotions
These are the main problems of manual trader.
steveday1976
Medlem sedan Mar 03, 2019
57 inlägg
Nov 07 2019 at 15:39
finnishpension posted:, LOL, maybe a bit high but there are certainly a lot.
90% are loser in life it is not surprising that 90% also lose at Forex