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Wanna know why a majority of traders lose?

  • #21
  • Jul 18, 2017 7:56am Jul 18, 2017 7:56am
Quoting Catch-22
This forum is the blind leading the blind sometimes. Why the OP even got a reply is beyond me, this has been done over and over. Most traders don't fail because they are lazy, they fail because they trade just like this - they trade technically purely and don't understand that they are looking for real economic events and data that are reflected on their chart and they can get in on. I think the OP will soon learn the hard way how little he knows.
believe me, that is not a mistake to trade only technically . you can improve by doing your way, but with good math and knowledge you even dont have to, because all what you say its in the price calculated and shows in the moves. so even when you dont know the news, from price you can calculate what happened in the news or more important how the market absorb the news and will believe in it.

because all informations are already in the price, the price can also even used as calculated the news from it.
  • #22
  • Jul 18, 2017 8:01am Jul 18, 2017 8:01am
I don't want you to prove anything - You are clearly someone who is full of enthusiasm for this thing you are doing and that's great - but you clearly don't know what you are talking about.

Lack of hard work is not something that makes most people fail, few traders fall into that category and they are usually retired people who are sold an easy money-making idea and are not told the reality.

How could a person possibly know the best information to study, when every Tom, Dick, or Harry is claiming to have cracked it in no time.
  • #23
  • Jul 18, 2017 8:05am Jul 18, 2017 8:05am
Quoting Catch-22
I don't want you to prove anything - You are clearly someone who is full of enthusiasm for this thing you are doing and that's great - but you clearly don't know what you are talking about. Lack of hard work is not something that makes most people fail, few traders fall into that category and they are usually retired people who are sold an easy money-making idea and are not told the reality. How could a person possibly know the best information to study, when every Tom, Dick, or Harry is claiming to have cracked it in no time.
you need only to know the basics (math and market) , the trading platform and how to find and develop a good strategy.
and math and market basics are not less, and need to do correct of course. needs some weeks.

why good traders find every weeks 2 news strategies )most of the time only 1-2 per month are extrem good from this) and have time problems to test all what they find. simply because there are so many possible way and by knowing basics you see what you need to do and whats possible and whats not and you do the steps from finding, developing, testing.....
  • #24
  • Jul 18, 2017 8:06am Jul 18, 2017 8:06am
Quoting dukas_trader
{quote} believe me, that is not a mistake to trade only technically . you can improve by doing your way, but with good math and knowledge you even dont have to, because all what you say its in the price calculated and shows in the moves. so even when you dont know the news, from price you can calculate what happened in the news or more important how the market absorb the news and will believe in it. because all informations are already in the price, the price can also even used as calculated the news from it.
You can't calculate the future, however much you would like to think so. Trading technical analysis without understanding why you are doing what you are doing will not make you a trader, I guarantee it.
  • #25
  • Jul 18, 2017 8:07am Jul 18, 2017 8:07am
Quoting Catch-22
{quote} You can't calculate the future, however much you would like to think so. Trading technical analysis without understanding why you are doing what you are doing will not make you a trader, I guarantee it.
you can leave now.

Also, are you reading at all or jumping to conclusions? I stated before that you have to understand where members of the market want to do business.
  • #26
  • Jul 18, 2017 8:08am Jul 18, 2017 8:08am
Quoting Ganative
{quote} Lol I want to prove myself but I don't need to Who are you to me? I don't get on FF a lot. But when I do make a post, why not just give it a listen and try for yourself? It's people like you that make this forum so stupid and ridiculous.
Because I actually get my living from Forex and this type of stuff loses people their life savings.
  • #27
  • Jul 18, 2017 8:10am Jul 18, 2017 8:10am
Quoting Catch-22
{quote} You can't calculate the future, however much you would like to think so. Trading technical analysis without understanding why you are doing what you are doing will not make you a trader, I guarantee it.
I guarantee you, you are wrong!
it makes a trader , what you mention is more an investor by the way. but its definition part, thats unimportant. but when you tell me technical traders are no traders, then you are most wrong thats possible. then fundamental traders are no traders too, they are accountants?

both are traders, both use different ways. as technical you dont need news (i look at this too by the way), because you can recalculate this news from price, if you really want to. we had to do so by beginning to learn it in old training days. but so many calculations, much easier simple use ready programs and news time calender.

and of course we speak about people who know why they do things. i use most of the time fundamental edges when possible, much much more then statistical.
i never traded a trading system with not at least 10:1 (win : drawdown) ratio.
  • #28
  • Jul 18, 2017 8:11am Jul 18, 2017 8:11am
Quoting Ganative
So... you guys really want to understand why a majority of traders lose?
Another braggart!!
You remind me of the other braggadocio


19 years old and about 1 year of forex and already a real guru.

Hey, look there ... a pig flying!!
ROFL
The funniest, is that nobody takes me seriously.
  • #29
  • Edited 8:29pm Jul 18, 2017 8:11am | Edited 8:29pm
Quoting Catch-22
{quote} Because I actually get my living from Forex and this type of stuff loses people their life savings.
This is my income as well? A skill and a career that I want to genuinely invest time in throughout my life.

Why are you saying such things in this thread? Ok... I'm sorry people lose their life savings in this market? What do you want me to say man lol
  • #30
  • Jul 18, 2017 8:15am Jul 18, 2017 8:15am
Quoting dukas_trader
{quote} I guarantee you, you are wrong! it makes a trader , what you mention is more an investor by the way. but its definition part, thats unimportant. but when you tell me technical traders are no traders, then you are most wrong thats possible. then fundamental traders are no traders too, they are accountants? both are traders, both use different ways. as technical you dont need news (i look at this too by the way), because you can recalculate this news from price, if you really want to. we had to do so by beginning to learn it in old training...
The real technical traders aren't really 100% technical traders, not in the way a person who hasn't been trading a long time would understand. A 100% technical trader is just following a bunch of signals given by indicators, not being able to filter them out by themselves and not using anything else to help guide your understanding of the market. Professional traders like this simply do not exist, and if one came here and said they had been doing it for 5 years, you could grill him and find out infact he uses tons of other data naturally in his trading.
  • #31
  • Edited 8:27pm Jul 18, 2017 8:17am | Edited 8:27pm
Quoting FairTrader
{quote} Another braggart!! You remind me of the other braggadocio 19 years old and about 1 year of forex and already a real guru. ROFL
Current trade I'm in on my live account.

I apologize that I am young? Lol I probably will never get any respect because of my age and that's ok. But why bash though? What are you gaining from that?
I want you to carefully read each one of my posts on here. When and where do I say or even remotely imply I am a guru of any sort? Like damn, you are struggling so much that you're just being a dick.
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  • #32
  • Jul 18, 2017 8:18am Jul 18, 2017 8:18am
Quoting Ganative
{quote} This is my income as well? A skill and a career that I want to invest time in throughout my life. Why are you saying such things in this thread? Ok... I'm sorry people lose their life savings in this market? What do you want me to say man lol

Saying that it's easy and they just need to work hard is what makes people get into it and lose their money. It's not easy, you may never achieve it, and you will more than likely lose a shit-ton of a money before you do (if you do) get there.
  • #33
  • Jul 18, 2017 8:20am Jul 18, 2017 8:20am
Quoting Catch-22
{quote} The real technical traders aren't really 100% technical traders, not in the way a person who hasn't been trading a long time would understand. A 100% technical trader is just following a bunch of signals given by indicators, not being able to filter them out by themselves and not using anything else to help guide your understanding of the market. Professional traders like this simply do not exist, and if one came here and said they had been doing it for 5 years, you could grill him and find out infact he uses tons of other data naturally...
true and not true same time.

i also use some programs that have 10:1 at least each years with simple let it trade. because of definition (i only watch the price inside, of course with many math calculations) its a 100% technical trader. and i do it for lets say 8 years with this program alone. because i only calculated drawdown as my risk and the high win: drawdown ratio it never failed or had always big wins each year. and i dont use inside the program any news, i only recalcuate news results inside from the price.

because of my former job and what i do i can 100% sure say, you are wrong in this part.
  • #34
  • Jul 18, 2017 8:20am Jul 18, 2017 8:20am
Quoting Ganative
{quote} On my live account {image}
I'm sorry, Mr Soros, I did not recognize you.
The funniest, is that nobody takes me seriously.
  • #35
  • Jul 18, 2017 8:24am Jul 18, 2017 8:24am
Quoting cat
Easy one to answer really. Trading is much harder than most people realize, and thew average relative newcomer puts their money on the live way before they have actually learnt how to read and profit from price movement. There are other psychological reasons, but you have to learn how to trade first. Most don't, and it really is that simple. However, there are plenty of traders who have been studying the market and trading for years and still lose, so what's going on here? Are they just stupid? Of course they are not. From what I have seen with...
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #36
  • Jul 18, 2017 8:25am Jul 18, 2017 8:25am
Quoting Ganative
{quote} Damn man you are really salty this morning. Are you just mad that I am young?
Being young its not the problem.
I´m sick of braggart people around here (young or old).

I have a radar who detect those kind of people

Bye
The funniest, is that nobody takes me seriously.
  • #37
  • Jul 18, 2017 8:27am Jul 18, 2017 8:27am
Quoting dukas_trader
{quote} true and not true same time. i also use some programs that have 10:1 at least each years with simple let it trade. because of definition (i only watch the price inside, of course with many math calculations) its a 100% technical trader. and i do it for lets say 8 years with this program alone. because i only calculated drawdown as my risk and the high win: drawdown ratio it never failed or had always big wins each year. and i dont use inside the program any news, i only recalcuate news results inside from the price. because of my former...

I agree money can be made from robots, people are very different.
  • #38
  • Jul 18, 2017 8:30am Jul 18, 2017 8:30am
Quoting FairTrader
{quote} Being young its not the problem. Im sick of braggart people around here (young or old). I have a radar who detect those kind of people Bye
That word is so cringeworthy. "Braggart" lol, right.
At first I want to help, that's all I'm here for.
Then people like you come and say nonsense, but for what reason? Like did you wake up and decided to be an asshole today? You can go, goodbye.
  • #39
  • Jul 18, 2017 8:31am Jul 18, 2017 8:31am
Quoting Catch-22
{quote} I agree money can be made from robots, people are very different.
i trade this strategy manuell to, if i am in happy time and want train math in brain and trade same time.
its same, you dont need to have fear. thats all. money comes in, money goes out. you pay with the drawdown for the wins. drawdown is calcutaled fair to a value i dont get in fear, so no problem to lose until this part.

you need to find this point, until fear will start, then set this as max drawdown, after done this never ever was difference between manuell or robot trading (without time you are not on computer of of course ). i am doing this more then 20 years, maybe i am not best example. but i trained 100s in banks and many dont have problems after establishing rules.
  • #40
  • Jul 18, 2017 8:33am Jul 18, 2017 8:33am
Quoting Ganative
{quote} That word is so cringeworthy. "Braggart" lol, right. At first I want to help, that's all I'm here for. Then people like you come and say nonsense, but for what reason? Like did you wake up and decided to be an asshole today? You can go, goodbye.
Ok it´s fair.
So help me how to trade.
The funniest, is that nobody takes me seriously.
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