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Wanna know why a majority of traders lose?

  • #81
  • Jul 18, 2017 3:38pm Jul 18, 2017 3:38pm
Quoting GoldTheHun
If you don't trade futures and don't have access to the real order book, it is almost impossible to make money in forex markets. There is no way you can sense the intentions of the "big capital" by using just technical analysis. Orders and order momentum move the markets, not technical analysis. When you watch the order book real time you realize that the markets are manipulated and rigged towards the "big capital". They can almost do whatever they wish, whenever they wish. If you are trading with a broker who accepts order size smaller than 1 lot,...
Gotta agree with GoldTheHun........in an effort to truly learn this craft I actually learned to use NinjaTrader and a few other platforms that offer DOM (depth of market).........I know of no forex broker offering those tools to see what the "big boys" are doing. Trading instruments in the futures market is much different than the spot market. Learning about futures improved my trading ALOT. BUT.......................... I would not say its impossible to make money with Forex......just......as far as I can comprehend; the only way to make money safely with forex is by position trading or swing trading........I would never scalp forex ever.......EVER.....unregulated scalping is like......not good
Focus
  • #82
  • Jul 18, 2017 3:49pm Jul 18, 2017 3:49pm
Quoting Ganative
{quote} Dude, what the fuck are you blabbering about lol. You aren't taking any of my capital so stop talking like you're some market shark on wall street hahaha
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  • #83
  • Jul 18, 2017 3:55pm Jul 18, 2017 3:55pm
I cant take it no more...............GANATIVE.......do your thing.............as for me............I will do mine...........too much noise man......damn......after 4 pages I just could not do it..............look dude.......keep pippin
Focus
  • #84
  • Jul 18, 2017 4:01pm Jul 18, 2017 4:01pm
Quoting mrstblefx
I cant take it no more...............GANATIVE.......do your thing.............as for me............I will do mine...........too much noise man......damn......after 4 pages I just could not do it..............look dude.......keep pippin
Hey, I will most certainly keep on doing my thing. You should too. too much noise indeed. I am on this forum because well, summer is here and classes don't start until next month. I have a blast arguing with people because they have something shoved up their asses, it's all for fun.

Best of luck to you.
  • #85
  • Jul 18, 2017 4:07pm Jul 18, 2017 4:07pm
Quoting MaxenshteinD
{quote} Just wait till the list of "traders watching now" at the bottom of the page becomes full of "Invisible" members. Its usualy what happens before the "**** hits the fan".
INCOMING!!!1!1!11
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The truth is hidden from you
  • #86
  • Jul 18, 2017 4:20pm Jul 18, 2017 4:20pm
Quoting Ganative
You guys really want to understand why a majority of traders lose?
Here.
k
  • #87
  • Jul 18, 2017 5:57pm Jul 18, 2017 5:57pm
Because Forex is a gambling game for losers. And like all gambling games, people get addicted to it. If you were a successful businessman, would you lose your time and your health trying to find the hidden secret behind some stupid charts ? Of course no...
Don't give up on your dreams. Keep sleeping.
  • #88
  • Jul 18, 2017 7:22pm Jul 18, 2017 7:22pm
Quoting Artcool
Because Forex is a gambling game for losers. And like all gambling games, people get addicted to it. If you were a successful businessman, would you lose your time and your health trying to find the hidden secret behind some stupid charts ? Of course no...
Just because you're not making anything on a consistent basis does not mean successful traders don't exist.
I'm not successful or consistent by any means but at least I'm not a coward. I am aware that my inefficiency/inconsistency is my own fault and I have no one (not even the markets) but myself to blame. I've been here for a few years and if there's one thing that I am sure of about the market is "it's not random, there's a structure" our challenge is first to learn to spot the structure and then learn to exploit it. Its easier said than done. But its doable but not with your attitude.
...
  • #89
  • Edited 8:37pm Jul 18, 2017 8:10pm | Edited 8:37pm
My opinion, based on reading multiple forums, seeing multiple threads, and working with and trying to understand trader skills and psychology over the last 13 years, is more narrow in nature. To me, it is the real root issue.

The vast majority, hmm, 99.9999% of traders do not use ANY probability math in their analysis. Those that draw art projects are basing them on previous, completed, dead trades, so their probability measures the last trade. Those that use moving averages and their redesigned oscillating indicators are using current data, but the probability has usually already occurred by the time they get their signal, so they are late, or wrong.

What is the probability then? There is a predicted area on the graph where any given value of an ordered pair (Time, Price) is plotted. The math is current to the current location of the previous ordered pairs and adjusts the boundaries of the area as each new plot is placed on the graph. You can easily assess the probability (odds) of where the next ordered pair plot will be. It doesn't matter if it goes up, or goes down. In fact, that is the very action you want in order to create the design. The key component of making money by trading is that price cycles between its upper and lower limits, over and over. If you design a conservative probability field that mostly reacts as the border of highs/lows, then when there is low volatility you know price has stopped moving in either direction each time it reaches the boundary. If it breaks out of the boundary, awesome, because now you have found vertical movement relating to a trend, and you stick with it until it breaches the boundary on its reverse.

The art project designs have a similar concept, but lack current data. The moving average designs have a similar concept, but restrict the actual range of price movement.

Understand probability and where price is supposed to plot on the graph, and then just trade it. Unfortunately, trading is like singing. Everyone thinks they can do it. In the case of my design, I use higher time frame boundaries on lower time frame charts and designed tools to show me projected entries and exits and their individual probability of being valid. In other words, I see range and trend signals using the same tools and depict which type of trade signal to take based on market activity.

Sure, every one of the millions of traders has their own way, and the vast majority have no success doing it their way. It is a matter of skill and experience. I cannot sing, but I can trade, so if you cannot trade, well...you better learn or find someone willing to do it for you. I buy music since I cannot make it. Just saying.

If you were to bet on which of two teams would win, and you had no emotional attachment to either, how would you do it? Team stats? Individual stats? Injured list? Those stats are based on cumulative results. Same with trading. By cumulating price data and know the stats (probability), you can develop an edge. Good Luck
You cannot be extraordinary by being normal
  • #90
  • Jul 18, 2017 8:32pm Jul 18, 2017 8:32pm
Quoting dkrock
Understand probability and where price is supposed to plot on the graph, and then just trade it.

If you were to bet on which of two teams would win, and you had no emotional attachment to either, how would you do it? Would you look at team stats? Individual stat? Injured list? Those stats are based on cumulative results. Same with trading. By cumulating price data and know the stats (probability), you can develop an edge.
That's why many traders lose because simple as it sounds that's no easy task that any tom, dick or harry can do and few care to admit it's beyond their reach.
  • #91
  • Jul 18, 2017 10:35pm Jul 18, 2017 10:35pm
Im thinking, well at least from experience, traders lose because of lot size, the smaller lot size you have, you can wait forever lol
  • #92
  • Jul 18, 2017 10:42pm Jul 18, 2017 10:42pm
Most traders lose because they were born to lose. It's in their genes.
Most humans are flawed and they get exposed when they trade.
Their losses reflect their flaws as a human.
You came here for the truth and let me unveil it for you
  • #93
  • Jul 18, 2017 10:52pm Jul 18, 2017 10:52pm
Quoting Ganative
{quote} Trading is hard. Anybody who says trading is easy is spewing garbage. But there is an extent to how hard it is, I guess you can say. Once you really understand when to exploit the clear opportunities the market throws at you through your system, then you should work on your method to make it flawless. Flawless, but knowing how to accept losses when it does not go your way, because you can never have a 100% win rate. You think that traders should practice demo before they go live. Which is completely fine. But I believe that to actually...
That's complete nonsense. Are brokers Orphanage homes. The reason many failed to transmit good performance in their demo
into live account is the fact that they trade far above the capital they intend to open when they demo trade. Example just because you can download $50000 in demo account you continue to practice with it, whereas you intend to go live with, $1000, $2000, $500 or less. Such demo trade is complete nonsense
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -1.6%
  • #94
  • Jul 18, 2017 10:52pm Jul 18, 2017 10:52pm
Quoting dkrock
My opinion, based on reading multiple forums, seeing multiple threads, and working with and trying to understand trader skills and psychology over the last 13 years, is more narrow in nature. To me, it is the real root issue. The vast majority, hmm, 99.9999% of traders do not use ANY probability math in their analysis. Those that draw art projects are basing them on previous, completed, dead trades, so their probability measures the last trade. Those that use moving averages and their redesigned oscillating indicators are using current data, but...
very good
  • #95
  • Jul 18, 2017 11:34pm Jul 18, 2017 11:34pm
The traders who lack the knowledge required for the Forex Trading is the main reason why they are failing. Proper practice should be done before you get involved into Forex Trading.
  • #96
  • Jul 19, 2017 12:39am Jul 19, 2017 12:39am
From my point of view, most of trader lose their money because of they take forex trading as a gambling, they are not serious about their trading, lack of forex education and choosing the wrong broker to deal with. For me those are the main factor what is working behind traders cannot survive long here.
  • #97
  • Jul 19, 2017 1:30am Jul 19, 2017 1:30am
Why a majority of traders lose ?
... Because they are all Smart A**es ...
  • #98
  • Jul 19, 2017 2:01am Jul 19, 2017 2:01am
Markets remain irrational longer than you stay solvent because they are stable and self correcting over time, traders often times loose concentration because optimistic, greed and fear are contagious. Good traders loose their cool and get worked over
Scarlet Overkill
  • #99
  • Jul 19, 2017 3:22am Jul 19, 2017 3:22am
Quoting Ganative
What is one thing that truly makes sense from a business standpoint? You want to make a profit. But to profit, you must sell what you're buying at a higher price than you originally bought it for. In other words, buy low sell high by looking at price action. It makes sense for ANY type of business.
first thanks for thread really y help me to think different. can y please explain this more
  • #100
  • Jul 19, 2017 5:11am Jul 19, 2017 5:11am
Well from my personal experience... It took 10 years and and just under 20,000 in losses before I became profitable ( i had profitable spells in that period, but always ended up blowing my account). I guess 95% of people would over given up by that point. I don't know why i kept going, trading just always interested me. It's a hobby that i never lost interest in.

Once you mater the art of emotional control, then all it takes is hard work. Without both, you will fail
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