90% are loser ..why ?

People don't want to stick with it once they realize that it's actually difficult. I think in a lot of cases influencers convince them that they'll have lambos and women hanging off their arm and romanticize it to draw them in....then they blow their accounts (usually because of a lack of knowledge) and move on to the next thing. Others get attracted because they want to give themselves or their family a better life so they have good intentions but just don't know what they're doing. If people spent more time educating themselves and practicing before jumping in, I think that more of them would be successful.

Because people just jump into the forex market because of the greed without understanding how the market works and lose their savings

Yes lack of knowledge but mainly risk management

@croisssan Yes learning from the mistakes is the great way of learning. But people do not want to learn from their mistakes. Even they do not think deeply about their mistakes.

Maidas888 posted:
Yes lack of knowledge but mainly risk management

And also because of their greed, everybody wants to make money instantly but no one wants to work upon them or learn trading.

I was losing my deposits becasue forex is a casino
Now I'm trading news only and invest in ETF

Because people fail to understand this is a profession. I would think if you could have a go at brain surgery straight away without any learning or practice you'd have a worse than 90% death rate.

sebking1986 posted:
Because people fail to understand this is a profession. I would think if you could have a go at brain surgery straight away without any learning or practice you'd have a worse than 90% death rate.

So true. Trading forex is easy to do but very difficult to do well. People underestimate that

sebking1986 posted:
Because people fail to understand this is a profession. I would think if you could have a go at brain surgery straight away without any learning or practice you'd have a worse than 90% death rate.

Yes, you need knowledge first to trade. You can never make a profit without trading knowledge.

AliaDare posted:

sebking1986 posted:
Because people fail to understand this is a profession. I would think if you could have a go at brain surgery straight away without any learning or practice you'd have a worse than 90% death rate.

Yes, you need knowledge first to trade. You can never make a profit without trading knowledge.

Without proper knowledge, no trader can become successful in this market.

A lack of patience and insufficient market structure knowledge. A lot dont bother with demo for long enough and strategy hoping

there is a mix of failures and successes iften

I think everything because people when they start trading activity treat it unproperly. They allege that trading activity is just the easiest way to earn money and you literally make money from nothing.
Of course, it's a great misconception and such people don't stay too long in trading, because they rapidly lose all their accumulations and quit trading forever. The vast majority of traders include such type of traders. In my opinion, everything depends on how you treat trading and your relation to it. If this relation is unwise and you just playing with trading, then you pehaps will never come to success.
Guess that these are the main reasons of such statistics. The harder you work, the more you will get finally.

I don't think that is possible because new traders join in forex every day and lose money for lack of knowledge and strategy. Therefore, you should earn money in forex if you do not wish to learn about forex trading.

90% of traders lose money, and it is no wonder because new traders are not taught correctly, and they take forex as a game or pastime. Traders must learn how to trade and not play with money; otherwise, you will end up losing all of your hard-earned cash in a few months, and you will be thinking about quitting.

90% is loser i know and most of them are the traders who are above all new forex traders , their percentage almost 85%.

In the absence of sufficient knowledge as well as experience not uncommon losing money, and being terrified. Old or new we will be a victim of loss if we don't know the market and adhere to strict rules.

The most part of traders lose their money just because they don't have enough skills and experience for earning this money. I believe that everything can be connected with their wishes to have money right away and they come to trading with fake beliefs that they will earn money within couple of days.
Trading, as well as any other activities, implies lots of work and patience. The more time you are ready to dedicate to trading, the more impact from this activity you will get. There are no activities in the world which will generate you money just for nothing, People have to do something in order be successful.

Reason why forex traders lose money-

1) Failure To Manage Risk
2) Giving it to Greed
3) Buying a System
4) Thinking it is easy to trade