Why do 95% of traders lose?

Loss in forex is an unfortunate mix of people being too inexperienced to trade – they lack the knowledge and the discipline to trade – and companies that willing and able to take advantage of these inexperienced people, even a few experienced ones. For example, Australians alone have lost 13.3 million AUD since the start of the year because of such scams. Being a newbie trader is incredibly risky, because there are a number of pitfalls you need to avoid and usually you don’t even know they’re there.

There are many reasons why traders fail. Every trader has his own issue of trading, there are many who are greedy to earn more and face loss.

It's just a lie you've been fed. When you believe a lie, you're brain hypnotizes itself to believe it, turning it into a reality.
So, your brain will sabotage you, subconsciously.

In fact, 95% of traders make money. Trading is easy and only the unfortunate 5% with sabotaged brains lose.

If this is you then my sincere condolences.

So where are you getting these numbers?

Greed and emotions almost same. Generally beginners attacked by this common human nature. We can control this by proper trading practice as well great discipline.

Trust me. I've crunched the numbers and done all the maths.

Listen, the sooner you accept the fact 95% of traders make money, the sooner your trading is going to improve ten fold - Because you'll start the important brain process of unhypnotizing, and set the wheels into motion to cease and desist with all the subconscious self sabotage.

If the government starting putting ads on the TV every 30 minutes, stating 95% of marriages end in divorce, I can guarantee you this will make the divorce rates go up.. It's not rocket science - it's brain science.

Keep emotions out. Stay true to your plan. Don't click on the "make 95% gainz in two days". And dedicate a looooooot of time.

We should be more disciplined instead of keeping emotions .

My answer is lack of PERSISTENCE. No, not discipline or emotions. Trading is a demanding mistress. It needs PERSISTENCE to flourish. Most people undertaking trading are not mentally ready for what it takes to make it in this business.

Consider time. How much time does have to pass until one learns what patience is? The obvious answer is years, while most want to make a fortune in a week...
Consider intellectual effort. It takes enormous amounts of intellectual effort to learn how the market works, in order to trade, rather than gamble... And it takes TIME.

So, we end up with TIME and EFFORT - surely a combination that many would rather steer clear of... LOL (as sad as it is).

Now, visit any system thread here, and see how they all end up trying to automate every method. Why? Because they lack patience, knowledge and the will to make the effort to learn the ropes of trading themselves. They want robots to THINK for them. Robots are ok in capable hands, of course, but those who want them most are far from capable. They're usually driven by hope and greed. And we all know that the place of hope and greed in trading is in the bin!

Fx system, I am also agree with the habit of persistence that is the foremost key to success in this trading place. But without persistence we basically try to make profit very rapidly, as a result we become loser especially the beginners.

Ok then. But how would the dealing desk brokers make money when 95% of their clients are taking money from them? Just through spreads and fees? Seems to me that all of that money would be gobbled up by the winners.

Most traders fail because they don't know what they are doing, and before they can learn what they are doing, they give up. It takes about 10 years of hard work and study to make a good Doctor. If you think trading should be easier, you are already on the road to ruin.

because they commit the greatest two sins of forex, greed and fear.

I lost a lot of money for a bad money management, so for me is the main issue

At least in dailypriceaction.com free webinar, he says that trading is pretty basic.

And from what he showed it really looked pretty basic. Now testing this, will see if this works

For me currently biggest problem is to find key levels. Often they are not very clear. But dailypriceaction writes its articles, so I do not need to find them myself for pairs he trade.

But there are some pairs which I need to find myself those key levels.

Lacking of money management is a part of losing, I admit it. But not the foremost at all.
The main issue is keeping emotions with lack of good trading knowledge.

alot of people are not giving risk management enough room in their strategy. trade on half of your capital and eventually it will catch up to you.

If you have no edge, it doesn´t matter if you have good money management or good discipline.
Sure you will burn your money slower, and maybe you will have time to get that edge before account is blown... But anyway, before you are able to make net green pips, you are not going to be profitable.

Edge is to know some ineffectiveness at market. Say "real" value of e/u should be 1,25 and e/u is trading at 1,2... you buy abd will eventually make profits..
Problem is, that you will never exactly know the real value, and there is actually not one.. Market over- and under reacts all the time and to take profits from those is way to go.

Let´s imagine that Draghi and Yellen would come up and say that central banks will push e/u to parity by next week... What would happen, and what would you do?
Sure you would start selling, because You would know that the "real" price is going to be 1..
And so would do everyone else. Price would drop fast near to 1, but not even a pip under it, because there would be no one to sell at 1.

This scenario will not happen, but many "smaller" things like that happens all the time.. Like Draghi told that ecb will start slowing it´s money policy... Investors started to buy euro, since probability of interest rates going up was increased. That is good for long term trading, but same kind of things are found at smaller timeframes as well..

Most newbie traders can´t find edge over market since they can not understand market structure. After that they have lack of discipline and money management...

We can earn more by the trading strategies we have , if we can ensure most powerful risk managing approach. Otherwise the good trading result ll not come despite of analyzing strategies.

Poor money management skills, people get in to Forex and find themselves gambling instead of investing - looking for the fast profit but not the safe one.