90% of traders lose money! True or False?

description was good , thanks for your nice reply , got so many fine lines from all.

i lost most of the time by using high leverage ratio above all when a newcomer, generally we think by using leverage there is an opportunity to bring good amount but practically situation totally different.

True, the misuse of leverage. High leverage isn't bad in itself as long as you are aware of the risk involved and make your trading decisions with that knowledge.

Unfortunately such a large percentage of traders are newbies who don't know how to make these decisions properly.

As a Newbie trader I find forex so hard because there are so many infomations (strategies, indicators, methodologies etc...) and scammers online.
So I believe most traders lose money

Made some, lost a LOT. This year’s not been that great.

I think we should not follow a strategy blindly. A strategy working for one may not working for others due to different trading personality. Everyone has different psychology. In my opinion best option is customize a strategy according to your trading personality.

Successful trading actually depends on capabilities to find the right entry. If entry is wrong, every time we may be hit by stop loss. But stop loss is a good technique to protect your money, if it can be used properly.

make sure the right entry is very much a tough game because lots of things in there and there is no one who can calculate the real faction of this market with certainly,

figure of 90% of the people who lost is only a number that many people predict, but it is not the broker statistics. But overall it is also approximate I think it is. But where did the rest of the profitable traders go

You are right on every word. The sooner people realise this the easier it is to make a decision if they really want to walk down this road and take up trading.

losing money is a common thing but we always try to recover our losses by trading over and over , this approach always make us loser at the end of the day.

I'm in that phase where you break even lose a bit then break even again. Pretty stressful but I'm learning alot about myself in the process

It is True, But one of the main reasons for their loss is uncontrolled trading discipline. Due to which most of the time they face loss.

Hey everyone, hope y'all had a good weekend! I just wanted to make a quick, honest, humble post... I have been trading forex now part time for one year, and I am happy to report... I have broke even! Biggest weakness... Definitely changing strategies too much and breaking my own rules. Here's to a more "consistent" year!

That is a very common perception and might not even be accurate. Every trader faces some challenges which is a part of trading so it works differently for everyone.

That percentage is only an estimate. But a specific number will not be. But in general, the forex market is very difficult, so people will lose money

True. Anyone who thinks they'd start making profits as soon as they start trading are in for an ugly surprise, unfortunately.

Not sure about the correct percentage but yes traders' defeat or wining solely depends on them.

Most PEOPLE lose money on forex. Most TRADERS win.