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reasons why traders lose

  • #201
  • Jun 2, 2018 5:23am Jun 2, 2018 5:23am
Quoting OceanPips
Trading could be the most difficult task in the world. Not only are you trading against the rest of the world. You also have to battle against your ownself emotions and discipline. It's no wonder most of the traders lose.
thanks for your nice post , fist of all beginners level particularly have to survive against emotions , otherwise they can become loser.
  • #202
  • Jun 2, 2018 10:38am Jun 2, 2018 10:38am
Yes you are right. There is another reason why people lose. Most people are introduced to forex in a wrong way. They think that trading is very easy task. You can very easily make money here with few hundreds bucks. Just do demo trading for few months, and shift to real trading and earn as much money as you wish.
  • #203
  • Jun 4, 2018 12:50am Jun 4, 2018 12:50am
Agree with all the reasons above.
Especially @Adamrist about the beginner, I agree with you. But just after that, it's more important to manage the risk properly with the help of SL/TP, number of orders and the leverages used. Have a safe trading and become one of 8% of successful traders!
  • #204
  • Jun 4, 2018 5:55am Jun 4, 2018 5:55am
Quoting JonathanHob
Yes you are right. There is another reason why people lose. Most people are introduced to forex in a wrong way. They think that trading is very easy task. You can very easily make money here with few hundreds bucks. Just do demo trading for few months, and shift to real trading and earn as much money as you wish.
Demo is the best place for acquiring real trading knowledge especially for the beginners level , but we trade here at random most of the time , for that reason the experience we took from demo not works practically when trading in a real account.
  • #205
  • Jun 6, 2018 1:33am Jun 6, 2018 1:33am
Because they do not use proper trading strategies and tend to be emotional. You won’t succeed in forex straightaway and always. As some of the members here have suggested gain some practical experience through demo trading before starting trading in the real world.
  • #206
  • Jun 6, 2018 4:59am Jun 6, 2018 4:59am
Quoting audreycolln
Because they do not use proper trading strategies and tend to be emotional. You won’t succeed in forex straightaway and always. As some of the members here have suggested gain some practical experience through demo trading before starting trading in the real world.
In your trading career, you trade in a demo before starting a live account . And how many times you have spent in here?
  • #207
  • Jun 13, 2018 2:47am Jun 13, 2018 2:47am
I have been trading for the past one year. Initially I started with demo account trading for the first 4-5 months. Then as I gained some experience and knowledge I shifted to live trading through a micro account. Since then I have been on a learning path, winning some and losing some. How has your journey been and how long have you been in forex?
  • #208
  • Jun 13, 2018 5:00am Jun 13, 2018 5:00am
Sounds good, trading in a demo account 4-5 months is a big deal, generally beginners complete this session within 1 month , but you did a great job , hope the experience you took from demo will works next . good luck
  • #209
  • Jun 14, 2018 2:24am Jun 14, 2018 2:24am
Quoting AdamCrist
Sounds good, trading in a demo account 4-5 months is a big deal, generally beginners complete this session within 1 month , but you did a great job , hope the experience you took from demo will works next . good luck
Yeah, I took my time but hopefully it will pay off. Thanks by the way! How would you describe your experience?
  • #210
  • Jun 14, 2018 5:25am Jun 14, 2018 5:25am
Quoting audreycolln
{quote} Yeah, I took my time but hopefully it will pay off. Thanks by the way! How would you describe your experience?
I have no good experience about demo , but I believe the importance of demo for beginners level , I was profitable with BB in demo but when kicked off a real account this experience not worked practically.
  • #211
  • Jul 6, 2018 6:20am Jul 6, 2018 6:20am
lol. you said you have no good experience about demo but also believe the importance of this trading place. again lol.
  • #212
  • Jul 19, 2018 9:48am Jul 19, 2018 9:48am
According to a recent survey by the Australian Securities and Investments Commission client profits are inconsistent for multiple reasons: marketing materials; risk management practices are outdated; some broker referral arrangements may be in breach of selling prohibitions and last but not least that some brokers are providing wholesale services or allowing third parties to ‘white label’ their products without operational capital to supervise counterparties and support their exposures.
  • #213
  • Jul 20, 2018 8:26am Jul 20, 2018 8:26am
Quoting blesssing23
Here are some mistakes traders make when trading:
1. Low start up capital Most currency traders start out looking for a way to get out of debt, or to make easy money. It is common for forex marketing to encourage you to trade large lot sizes and trade highly leveraged to generate large returns on a small amount of initial capital.
2. Failure to manage risk Risk...
You're indeed blessings, pretty strong and valid points.
Discipline in trading is what most of us are/were very weak at. And refusing to be wrong, that's the latest trend, that attitude is very odd and ugly indeed. Not only in trading, but everywhere especially when dealing with people. That needs to cut out in order to trade successfully.
Since 5th point is missing, so I'd add

5) Knowledge, analysis, never miss that. Otherwise, you're treating it as gambling. And gambling falls one of 95% category.
  • #214
  • Jul 25, 2018 5:19am Jul 25, 2018 5:19am
The reasons could be manifold. But the most common ones are lack of a trading plan and if they have one they don’t stick to it. A lot of the traders don’t realize the importance of risk management. Spend as much time as you need on demo account to get used to the basics of trading. And accept the fact that you can’t avoid losses and risks in forex. You can only minimize them so learn how to do that well.
  • #215
  • Jul 25, 2018 9:10am Jul 25, 2018 9:10am
Quoting Drew-pips1
The reasons could be manifold. But the most common ones are lack of a trading plan and if they have one they don’t stick to it. A lot of the traders don’t realize the importance of risk management. Spend as much time as you need on demo account to get used to the basics of trading. And accept the fact that you can’t avoid losses and risks in forex. You can only minimize them so learn how to do that well.
Well said! Yes, that’s the general procedure; actually learning from the trading mistake is the great deal! On the other hand, there is no ending point of learning, it’s a keep continuing process.
  • #216
  • Jul 25, 2018 1:00pm Jul 25, 2018 1:00pm
I was dragged into Forex exchange by a friend who claimed to make 80k$ CAD in 2 years of causal trading and hyped it up quite a bit. He charged me 200$ for him to teach me how to start trading Forex and earn money, meanwhile I was doing my own research in my spare time and comparing the information he was feeding me. Turns out this guy doesn't know anything about forex trading and he just rides off his mentors signals and hopes for the best and he was giving me very misleading and wrong information. One of the biggest reasons why people find it hard to get into Forex is because of these scammers claiming to be trading gurus but in reality they are simply dumb.
  • #217
  • Jul 25, 2018 11:15pm Jul 25, 2018 11:15pm
Quoting abirabbas
I was dragged into Forex exchange by a friend who .
He was not your friend. He may have said he was, you may have believed he was, you know better now, friends do not rob friends.
  • #218
  • Aug 6, 2018 2:16am Aug 6, 2018 2:16am
Quoting AdamCrist
{quote} Demo is the best place for acquiring real trading knowledge especially for the beginners level , but we trade here at random most of the time , for that reason the experience we took from demo not works practically when trading in a real account.
You are right @AdamCrist demo is very good place to acquire trading knowledge and i think it is not just important for beginners, sometimes it is also very helpful for the experienced traders as well.
  • #219
  • Aug 6, 2018 3:52pm Aug 6, 2018 3:52pm
Hello! I have a question: how much is considered too low to start with? I'm ready for a decent investment in Forex and I plan to try and do things by the book. Thanks in advance!
  • #220
  • Aug 6, 2018 5:08pm Aug 6, 2018 5:08pm
Quoting DragosP
Hello! I have a question: how much is considered too low to start with? I'm ready for a decent investment in Forex and I plan to try and do things by the book. Thanks in advance!
Dude, "enough" is where you feel the losses. There is no "book." Eventually (2-3 years), you'll find a trading style that fits you well. Until then, the goal is to not lose so much getting there that you don't have anything left to trade when you arrive.
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