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90% are loser ..why ?

Imamul
Feb 07 2019 at 09:15
615帖子
Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.

tjat
Feb 07 2019 at 12:22
5帖子
90% are loser ..why ?

Because of EA's and indicators.

Indicators and expert advisors have become a complete market area. Coders make robots and indicators, often without knowing how to trade. For this reason, robots are often built on money management only and trade entrys are bad...

Everyone knows how the web is full of different robots. Some coder has made some very simple ea or indicator that he sells forward and earns his money.

And I do not claim that something ea would be good, but it is harder to find one. The coder is a rather common skill today.


Gabor33
Feb 08 2019 at 07:36
49帖子
jacoboh posted:
CheCheChe posted:
Don't blame the broker. All broker will take your money if you a trading badly. Broker provide same price data and if you guess price direction wrong then you will lose. This is what happen to 90% of trader


Most education out there for free are provided by brokers or their IB. Google ' how to trade forex ' and you'll see top searches etc are by brokers themselves. The 'education' is strategically structured in a way where it makes traders trader more often, more frequently. It's also structured for them to either break even or lose. If you understand how brokers earn money and hedge their risk, then you'll understand why profitable traders are irritating and troublesome for brokers.

Firstly brokers are 100% incentivized by volume and frequency being traded by their clients. Thats how they earn their spread / commission.

Secondly, like the title of this topic says, if 90% of retail traders lose money, and brokers have this numbers, so what do they do essentially? They take the opposite way their losing client trade.

So essentially, brokers will take the opposite side of the trade of the losing client, and run the position naked. On the other hand, brokers will also take the opposite side of the trade of a winning client, but has to run the position with hedge. At the end, losing client= commission + spread + finance turn + OTC gain. Winning client = commission + spread + finance turn

Thats how brokers earn money and thats why theres a huge conflict of interest. But you'll still have to choose one, so choose the one that is reputable and verified by the authorities. Find one that is big.. like really big, so in the case of another CHF incident, your broker won't go bankrupt.. hopefully.


Someone watched the Anton Kreil presentation about the topic... :)
Really good one thouogh

walpants
Feb 13 2019 at 07:31
47帖子
Capitalinvestfx posted:
because there is good traders and bad traders,bad traders are slow learners ,indiciplined ,greedy and on ...


i was a bad trader on my first attempt at it, i got impatient, greedy and undisciplined, ended up loosing money and giving up. i am hoping to learn a better mind set this time round.

vontogr (togr)
Feb 13 2019 at 07:41
4862帖子
tjat posted:
90% are loser ..why ?

Because of EA's and indicators.

Indicators and expert advisors have become a complete market area. Coders make robots and indicators, often without knowing how to trade. For this reason, robots are often built on money management only and trade entrys are bad...

Everyone knows how the web is full of different robots. Some coder has made some very simple ea or indicator that he sells forward and earns his money.

And I do not claim that something ea would be good, but it is harder to find one. The coder is a rather common skill today.



Nope.
The basic is to have good trading plan.
Trading plan can be executed better by EA than you.

Buying some shit in hope to get easy profit is not fault of that EA but of the user's expectations.

vedranm
Feb 13 2019 at 11:47
10帖子
What would you include in a trading plan?

martinotrader
Feb 14 2019 at 08:50
1帖子
In my opinion, 3 the most important things in forex trading are:
1. Proper money management
Instead of putting big position with small stop -> small position with big stop loss equal to % of balance that you can afford to lose, e.g. 1000$ balance = 0.01 with 100 pips per trade. Think about your Stop Loss as a tool to protect you capital! Also the way you realize your profits is important. You should not expect to much profits on each transaction. Once I've heard to get profits as often as it's possible and sometimes hit the Stop Loss and you should be okay in the long-term :).

2. Trading with long-term trend and knowing the short-term trend
Put 100 or 120 period Moving Average on the chart and 10/20 period Moving Average to see the short-term trend that you can you to do get your advantage.


3. Focusing on one currency pair and get confidence to trade it.
E.g. I trade only EUR/USD pair because IMO it's the easiest currency pair. it's the most liquid pair and quite predictable.


Sorry for bad English, hope I helped someone in the trading, good luck & big profits!

vontogr (togr)
Feb 14 2019 at 12:48
4862帖子
vedranm posted:
What would you include in a trading plan?


that is actually pretty easy
1. When to open trade (usually when you see your trading pattern, whatever it is)
2. When to exit trade (end of bar, take profit, stop loss)
3. Risk mgmt - trade size, margin used, equity protection

Ben Nathan (BenNathanFX)
Feb 15 2019 at 13:05
137帖子
Admoni posted:
Almost 90% beginners are loser from this trading place due to only lack of most accurate money management plan, basically they only emphasis on acquiring good trading knowledge and always ignore other inevitable parts . as a result they become loser. So besides good trading knowledge we the beginners have to ensure how to manage money in Forex.


True to an extent, but in reality, you can't expect to jump onto charts and take a gamble on a pattern - hour always wins. You should only ever trade when you KNOW what you are trading . Example... Today I shorted the GBPUSD for an easy 30 pips. And I chose that pair before loading up charts.

Today I shorted GBPUSD

GBP - Brexit Fear / Poor Data
USD - Good data
GBPUSD SHORT

Yesterday I shorted the EURCAD.

EUR - Was bearish because of German and Italian pressure.
CAD - Was strong due to employment data and crude oil prices.
So it was an easy logical choice - EURCAD Short.

Honestly psychology, leverage, consistency, they all play a part, but the biggest part is played when it comes to investing and not throwing your money into RED/BLACK rules, because lets face it - what happened on a chart last week will not have a bearing on what the economy does and it is economy that drives the markets!

And that is the difference between pro thinking and retail trader thinking.

Hope it helps someone .

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
ScottyCarsonMVP
Feb 15 2019 at 13:50
54帖子
Some valid points above. I have learnt that you need to maintain a healthy lifestyle also to ensure a healthy trading life.

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