90% of traders lose money! True or False? | Page 8 | Forex Factory

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90% of traders lose money! True or False?

  • #141
  • Feb 18, 2019 3:48am Feb 18, 2019 3:48am
I think true.

A lot of people are miss guided or rush to make money and it ultimately costs them
  • #142
  • Feb 22, 2019 8:06am Feb 22, 2019 8:06am
Quoting georgequayle
I think true. A lot of people are miss guided or rush to make money and it ultimately costs them
Rushing is very common problem by the new traders. Basically, new traders want to learn Forex within a night; as a result huge loses.
  • #143
  • Feb 23, 2019 8:38am Feb 23, 2019 8:38am
True, and probably higher in reality!

New traders often want financial gains quicker than they can learn and master the skills needed.
Patience is vital, but often lacking and over trade.
  • #144
  • Feb 24, 2019 8:51am Feb 24, 2019 8:51am
Agreed
  • #145
  • Feb 25, 2019 2:50am Feb 25, 2019 2:50am
Quoting RachFX
True, and probably higher in reality! New traders often want financial gains quicker than they can learn and master the skills needed. Patience is vital, but often lacking and over trade.
Basically, having a long-term plan is essential here; which traders start trading with a short-term view; they mainly suffer in their live trading.
  • #146
  • Feb 28, 2019 8:56am Feb 28, 2019 8:56am
Quoting doman
What do you think is the biggest problem of beggining traders? I am now first time funding my live account :-)
The biggest problem of new traders is wrong midset. Many people start trading with the mentality of making millions overnight. When they realize that this isn't practical and that losses also occur, they either get overwhelmed with greed and make wrong trading choices or they simply give up.
  • #147
  • Feb 28, 2019 9:22am Feb 28, 2019 9:22am
Quoting rafaello
90% of traders lose money! True or False?
true!
  • #148
  • Feb 28, 2019 10:29pm Feb 28, 2019 10:29pm
common question and answer , but i have seen despite of having much losses traders don't leave this place , they come back again in here and trade again. sometimes i feel Forex just an addiction , nothing without it.
  • #149
  • Mar 1, 2019 1:09am Mar 1, 2019 1:09am
yes Forex is an addiction , but there are so many ways in here to earn profit , when i tired on manual trading , i like to use PAAM services , this change is good for me
  • #150
  • Mar 1, 2019 10:05am Mar 1, 2019 10:05am
Why not keep some of the amount in PAMM service while you are doing manuals..?
  • #151
  • Mar 8, 2019 4:55am Mar 8, 2019 4:55am
its sometimes difficult, success on Paam system is not depending on your skill , it completely depends on broker performance and right now trust able broker is not found easily.
  • #152
  • Mar 8, 2019 5:11am Mar 8, 2019 5:11am
Quoting BenDunk
common question and answer , but i have seen despite of having much losses traders don't leave this place , they come back again in here and trade again. sometimes i feel Forex just an addiction , nothing without it.
True dude, traders make losses but don't leave trading because they trade again in order to recover losses.
  • #153
  • Mar 8, 2019 5:56am Mar 8, 2019 5:56am
Quoting Madison
{quote} True dude, traders make losses but don't leave trading because they trade again in order to recover losses.
I agree with you, trying to recover losses is the next step to take those again.
  • #154
  • Mar 10, 2019 7:19am Mar 10, 2019 7:19am
If you loose then take some time reviewing your mistakes rather than loosing more money while chasing your lost money.
  • #155
  • Mar 19, 2019 11:00am Mar 19, 2019 11:00am
its a nice point you have mentioned , when making a losses shouldn't upset , should check out the reason why it happened, if we do same mistake again and again there is no way at all come out from losses , so we always have to learn from past mistake.
  • #156
  • Mar 19, 2019 11:46am Mar 19, 2019 11:46am
Quoting BenDunk
its a nice point you have mentioned , when making a losses shouldn't upset , should check out the reason why it happened, if we do same mistake again and again there is no way at all come out from losses , so we always have to learn from past mistake.
And how do you plan on finding out what happened?
  • #157
  • Mar 20, 2019 11:39am Mar 20, 2019 11:39am
Quoting Adelhard
{quote} Basically, having a long-term plan is essential here; which traders start trading with a short-term view; they mainly suffer in their live trading.
Yes trading definitely has to be long term plan i believe.
  • #158
  • Mar 24, 2019 8:03am Mar 24, 2019 8:03am
It's always wise to review your trades, winners and losers. This is how we learn and improve.
  • #159
  • Mar 24, 2019 8:52am Mar 24, 2019 8:52am
Quoting RachFX
{quote} Yes trading definitely has to be long term plan i believe.
How far should the perspective be then? I mean how long should you trade so that trading becomes profitable? In average
  • #160
  • Mar 25, 2019 6:38am Mar 25, 2019 6:38am
Quoting Treeny
It's always wise to review your trades, winners and losers. This is how we learn and improve.
Exactly; learning from own trading mistake is a good practice; it helps a lot. Till now I spend my time on weekend to improve my trading performances.
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