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Why Traders lose money and how to start being consistently profit 60 replies

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Why you lose money and will always lose

  • #21
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  • Jul 25, 2020 6:36am Jul 25, 2020 6:36am
Being successful in trading in my opinion comes down to just 2 things 1) The simple thing which people actually are very lazy in doing which is actually acquiring knowledge and making sure you are well vested in all aspects of the industry from how Banks,Government and all other external factors can affect trading and all that. This section also involves the studying of money management and how to implement it in your trading style, your kind of trading plan and all other things related to actually trading. Then it comes down to the last and most difficult part 2) Consistently sticking to your knowledge and plan through fire and storm and no abandoning everything just because one is too emotional and delusional and think they should remove their stoploss when they are about to take a hard loss and place their fate in hopes thinking the market is going to be nice and look at how hard they worked to your trading capital and should turn around and go in you favor and make you rich because you that single person is more important than millions of market participants... You just have to be practical and cold hearted in the business of trading. If you are not successful trading you know down in your heart it comes down to one problem, you are always in denial and delusional almost 80% of the time you actually know what is going to happen and where the market will go when things go wrong the only difficult thing is accepting the fact. Get your mindset right and you will be a winner its that simple dont overthink in something that just has 2 outcomes...
  • #22
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  • Jul 25, 2020 9:01am Jul 25, 2020 9:01am
Quoting kodakwhite
{quote} Everything boils down to being good at something, some people may start stocks and become good at it, certain people can do the same with forex, there is no rule but it highly dependent on person
I agree. It depends on the individual to get ahead in this industry. Or not.
  • #23
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  • Jul 25, 2020 4:20pm Jul 25, 2020 4:20pm
i think the real reason is because people do not bother to learn and dive right into live before they are done with demo. demos are so important and too many overlook this
  • #24
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  • Jul 26, 2020 2:13am Jul 26, 2020 2:13am
Quoting ChristinaL
i think the real reason is because people do not bother to learn and dive right into live before they are done with demo. demos are so important and too many overlook this
lmao can't believe that people still think in ways like that
  • #25
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  • Aug 6, 2020 5:25am Aug 6, 2020 5:25am
I think, The main reason of loosing money is making a wrong strategy. Most of the traders lose their money because of this reason.
  • #26
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  • Aug 6, 2020 7:24am Aug 6, 2020 7:24am
No one way of trading! CFA John Jagerson has a book "Forex Trading'".There he discueses 5 drivers of currency values and 11 Economic announcements that Influence these five drivers and a whole host of other things.
Also, the big players naturally have an advantage in a variety of ways from what I learned from by experience in terms of risk capital and also from the likes of Michael Lewis and" flashboys"the book.
  • #27
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  • Aug 6, 2020 8:27am Aug 6, 2020 8:27am
If you do not have any knowledge or bother in learning forex when you are new to those, then yes, I couldnt agree more. It is like writing english sentence without knowing the alphabets. It is always important to immerse the knowledge of forex so that you can get better in forex trading and other stuff. This also apply to other activities as well.
  • #28
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  • Aug 7, 2020 11:19am Aug 7, 2020 11:19am
Emotion is the main reason for most trader to lose money. If you don’t overcome or control it you will always lose. Even pro trader struggle to control their emotion.
  • #29
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  • Aug 7, 2020 12:10pm Aug 7, 2020 12:10pm
Yes, loses are inevitable. Regardless of how "sound" your trading system is. Anyone who says otherwise is spreading falsehood. The sooner we can stomach that the better.
  • #30
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  • Aug 8, 2020 2:18am Aug 8, 2020 2:18am
Quoting OdaChristia
The main reason for our loss is trading psychology. We don't have a checklist, we don't have any discipline before trading. When we get a few signals we jump to trade. Trading is not something that should be traded, if it were, everyone would join trading. I see a lot of traders who make a lot of profit then I hear from them how you make so much profit. He showed me his trading strategy and I saw that he trades with a lot of plans and focuses on money management. If you place a trade and think about that trade all day long then you are prioritizing...
Your psychology or emotions does not matter, that nonsense that loser trades feed you with
  • #31
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  • Aug 8, 2020 2:19am Aug 8, 2020 2:19am
Quoting Niels.Lar
Emotion is the main reason for most trader to lose money. If you don’t overcome or control it you will always lose. Even pro trader struggle to control their emotion.
That's nonsense
  • #32
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  • Aug 8, 2020 9:07am Aug 8, 2020 9:07am
I think poor emotional control does have a lot to do with losing money when trading, but it is hardly the only reason to do so. Not knowing how to trade and/or getting scammed also leads to losses. A lot of them.
  • #33
  • Quote
  • Nov 14, 2024 3:44am Nov 14, 2024 3:44am
Quoting kodakwhite
Many people start PMing me, calling me a names, ignoring me, shouting on my page "you only critique us, give us system, holy grail of yours!". Some people just act nice and try manipulate me by sweet words or in terms of "charity" to help or give my whole lifework just like that. You people can not be successful - not that I do not wish it for you but you clearly below any chance of being successful long-term, you base on the low, like a rat of forex or someone who live in sewage. You have no hope and if you will find or do anything working long...
Hi all, I have been trading forex for a few months, and have bought a reputable and professional course to learn how to trade. After training, I used a demo account where I did very well.

I have diligently learnt how to read the charts, and how to execute my strategy, but I never seem to be able to make any headway. I researched and found out about market makers vs ECN STP brokers; my first broker was a market maker, and I could clearly see how they unashamedly hunted my stops (whether they hunted mine alone, or three hundred of us simultaneously). I have been learning trading in order for it to become my main income source so that I can provide for my family, and they just openly cleared my funds with no real way of me being able to make an income.

I found an ECN STP broker that I am currently with, but no matter how carefully I read the charts, it would appear that my entries 'cause price to change'. For example, I took a trade yesterday where price was gradually rising, and as soon as I went in, it just struggled and hovered near my entry point, then the dips towards my sl began. This was a swing trade, and my sl had been calculated to take the slow anticipated rise into consideration, yet, of course again, I have been stopped out.

I use trend lines, support and resistance, and price action, and the 50SMA sometimes. I have dabbled with some other indicators, but the basics above...

I have been reading the charts for like twelve hours a day, for days, when I don't take trades, I can confirm and generally see where price is headed, yet when I enter a trade it always suspiciously tanks. Something is not right, and this is the second broker that I am using.

Are there any other traders who have experienced this?

Are there any of you guys who actually genuinely make any money on the charts? I just need to know because the probability of me making absolute zero, is like zero, and I see how price just moves against my entries. If every time you go in, your broker works against you, how can you make money?

Is there anywhere where I could trade where I would not have brokers working to just take my money?

Is it the same with futures and options?

I am a mature man who has seen success with other in depth technical endeavours, and I understand how to work in a professional and meticulous manner.

Any help here would be greatly appreciated.
  • #34
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  • Nov 14, 2024 1:15pm Nov 14, 2024 1:15pm
Quoting Holcom
Are there any other traders who have experienced this?

Yes - thousands.

Some understand why; most don’t. Many are fooled by the use of terms like “STP” and “ECN” into believing that they’re not betting against a counterparty.


Quoting Holcom
Is there anywhere where I could trade where I would not have brokers working to just take my money?

Yes: trade futures, not CFD’s/spot.


Quoting Holcom
Is it the same with futures and options?

No. It’s a whole different world. With futures in particular, the person you think of as a broker actually IS a broker, and isn’t incentivized for you to lose, unlike a forex “broker”. You can still trade forex, but it’ll be forex futures, for example “6E” instead of “EUR/USD”. The advantages are many and overwhelming.
  • #35
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  • Dec 2, 2024 1:35am Dec 2, 2024 1:35am
It is a bold statement to say that we will lose money and will always. It just depends on the learning curve for most traders, some lost their bucks, because of poor management skill, lack of learning, emotional trading, and more. Curious to hear what someone will think of psychological factors behind it.
  • #36
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  • Dec 12, 2024 5:48am Dec 12, 2024 5:48am
Quoting cyborgfx
It is a bold statement to say that we will lose money and will always. It just depends on the learning curve for most traders, some lost their bucks, because of poor management skill, lack of learning, emotional trading, and more. Curious to hear what someone will think of psychological factors behind it.
Psychological factors definitely influence the losses, think of emotional stress, overtrading, fear of missing out and many more.
  • #37
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  • Dec 16, 2024 1:54am Dec 16, 2024 1:54am
Quoting cyborgfx
It is a bold statement to say that we will lose money and will always. It just depends on the learning curve for most traders, some lost their bucks, because of poor management skill, lack of learning, emotional trading, and more. Curious to hear what someone will think of psychological factors behind it.
The psychological side of trading is huge! Greed, fear, and overconfidence are something that can ruin the best of the strategies too. And the worst thing of all is revenge trading. What do you think is the hardest emotion to handle while trading?
  • #38
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  • Dec 16, 2024 4:11am Dec 16, 2024 4:11am
Quoting ChelseaR
{quote} The psychological side of trading is huge! Greed, fear, and overconfidence are something that can ruin the best of the strategies too. And the worst thing of all is revenge trading. What do you think is the hardest emotion to handle while trading?
I think the hardest emotion to handle is greed. Once you start making a little profit, there's a part of you who wants to risk more and make more profits. Sometimes, it works out but otherwise you just end up losing everything.
  • #39
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  • Dec 17, 2024 2:30am Dec 17, 2024 2:30am
Quoting GuntherKD
{quote} I think the hardest emotion to handle is greed. Once you start making a little profit, there's a part of you who wants to risk more and make more profits. Sometimes, it works out but otherwise you just end up losing everything.
Totally get that. Greed can sneak up on you, especially after a few wins. What helps me is sticking to my plan, manage risk and remind myself that slow and steady wins the race.
  • #40
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  • Dec 19, 2024 3:34am Dec 19, 2024 3:34am
Quoting Warrin34
{quote} Totally get that. Greed can sneak up on you, especially after a few wins. What helps me is sticking to my plan, manage risk and remind myself that slow and steady wins the race.
That's a great plan to follow. The journey is difficult but I think we'll get there.
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