The sisters Pareidolia and Apophenia will never let you win and they have never been defeated.
Why you lose money and will always lose 31 replies
Did we Lose any Brokers? Are we going to Lose a few? 1 reply
Why most of traders lose on forex? 43 replies
Why the Beginner Traders Lose? 11 replies
Why Traders Lose Their Discipline 2 replies
Dislikedpractice is everything but difficult to maintain it consistently, those who are capable only they can be successful at any sectors.Ignored
DislikedThe sisters Pareidolia and Apophenia will never let you win and they have never been defeated.Ignored
Disliked{quote} You sound like you have been through some hard times trading. Here is the way I look at it. There is no doubt, people, out there are making a living from trading. Not merely the so-called 'Elite' but common people like you and me. Now if someone isn't trading successfully, then it would be wise to seek these successful traders out to find out what they are doing to win. Then follow their pattern and perhaps improve on it if possible, and thus you will become a consistently profitable trader just like they are. Don't give up!Ignored
Disliked{quote} I got your point; but to be honest it’s not easy to find out a consistent performer.Ignored
Disliked{quote} You sound like you have been through some hard times trading. Here is the way I look at it. There is no doubt, people, out there are making a living from trading. Not merely the so-called 'Elite' but common people like you and me. Now if someone isn't trading successfully, then it would be wise to seek these successful traders out to find out what they are doing to win. Then follow their pattern and perhaps improve on it if possible, and thus you will become a consistently profitable trader just like they are. Don't give up!Ignored
Disliked{quote} This is not the way to look at it. In reality quite the extreme opposite. Rather than explain I will go to the core issue: If somehow you think you should try retail forex, do not, absolutely do not, never ever give any money to any "successful trader" that is claiming to teach you a money making method (the same goes for any retail forex products and services that you think you should buy). You must require a "success guaranty" and have it enforced with a legal contract and with penalties in case of failure, in addition to a full refund....Ignored
DislikedI think the biggest factor is money management. I mean if you put all the currency pairs in 1 hat, and all the buy/sell positions in another hat and then reach into each hat and pull out a random pair and a random position, straight away you have a 50% chance of picking a winning trade. After all the market has to either go up or down... So at worst even if they were completely guessing with pure luck they should have a 50% win rate and thus maintain their equity. So the problem is clearly money management, they over leverage and leave losing trades...Ignored
DislikedI was a professional poker player for 8 years. If trading is anything like poker most lose the mental game first and the money game second. They either can't follow their own rules, have loose (or no) rules around money management or think too highly of themselves. People much smarter than me failed at poker regularly. When I look at the reddit forex sub, it's a bunch of get rich quick types who are trading on their phones, without stops and with way too much risk.Ignored