This is why 95% of retail traders lose!!! | Page 2 | Forex Factory

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This is why 95% of retail traders lose!!!

  • #21
  • Apr 4, 2019 6:51am Apr 4, 2019 6:51am
Quoting guttsman007
{quote} Thanks for replying alphadude. You did read the post right? I covered that banks converting currencies i.e. transactions is what really drives the market. I agree with supply and demand. You seem to know more about forex than what traders are seeing simply by looking at a chart. However that's not something retailers will see behind charts, only the after-effects. What people say about banks leaving footprints behind is like footprints in the sand, over time it's meaningless. Thank you for your contribution sir.
retail forex spreads are actually better than that offerred by banks.

market makers in retail offer narrow spread to make money from gullible retail traders who are going to loose anyway.

once you become profitable, you become toxic asset to retail brokers and they send you to the B book.
  • #22
  • Apr 4, 2019 7:14am Apr 4, 2019 7:14am
Quoting alphadude
{quote} retail forex spreads are actually better than that offerred by banks. market makers in retail offer narrow spread to make money from gullible retail traders who are going to loose anyway. once you become profitable, you become toxic asset to retail brokers and they send you to the B book.
Which is more reason why there's more against the retail trader than simply being misinformed. Although this thread isn't about brokers, I didn't really know spreads are better in the retail sector, not that it matters anyway since supposedly "95" percent lose. Honestly I wouldn't be surprised if the number is higher. Those that have made consistent profits are traders who have learned to adapt their strategy to market conditions or have inside information.
  • #23
  • Apr 4, 2019 7:53am Apr 4, 2019 7:53am
Quoting guttsman007
I'd like to start out by saying I'm not really a new member here. I just haven't been active on these forums until now, simply because within a couple months from now I'll either have "made it" or have quit spot trading and left it for good. I started trading in January 2018. I wanted to voice my opinion of forex trading, strategies, the FX community before I leave. As of this time I will be active in this thread hopefully we can get some meaningful response. I'm gonna just throw up this disclaimer because I don't want to get flagged for anything....

Your story is not dissimilar to many out there. I often state technicals are smoke and mirrors dangling just enough carrot (hindsight and coincidence) to keep people entrenched in the trance of trying to find consistency. When i tell traders i make trades off not charts whatsoever, the disbelief and anger that i am faced with the hard core technical traders is astonishing. You have said some of your answer in your experience and that is rigid strategies including trade management (risk\reward) is never going to work consistently over time and is why you will never find a technical trader able to show you an account that is > 5 years old and still operating successfully. If you are giving yourself a limited amount of time before you quit, i suggest a radical change to something you never considered before as a better way to invest your time.
  • #24
  • Apr 4, 2019 8:12am Apr 4, 2019 8:12am
Guttsman007, it's fine to give your opinion as you've detailed here however it's clear that your post was not for a discussion but just to validate your own perspective. You're not considering any other point of view and you also try to invalidate these other views by passive-aggressively saying they didn't contribute anything to this "discussion". The only point you have considered is the one that aligns with your own. These click-bait-titled posts are useless if you just want to spread your opinion and then cover your ears when someone else tries to give theirs.
  • #25
  • Apr 4, 2019 9:54am Apr 4, 2019 9:54am
Quoting EcoTrader
{quote} Your story is not dissimilar to many out there. I often state technicals are smoke and mirrors dangling just enough carrot (hindsight and coincidence) to keep people entrenched in the trance of trying to find consistency. When i tell traders i make trades off not charts whatsoever, the disbelief and anger that i am faced with the hard core technical traders is astonishing. You have said some of your answer in your experience and that is rigid strategies including trade management (risk\reward) is never going to work consistently over time...
Thanks for the response EcoTrader. There's a similar thread here in the Rookie forums where the OP asked for proof of consistent trading, at least 3 years I think and he immediately got bashed here. Honestly I'm not asking for proof of consistency. I KNOW there is profitable traders that don't follow a rigid system. It's like saying humans are the only sentient species in the universe. But you still have to ask yourself why we humans can't find life anywhere outside our own perspective. For trading, why are there more losers than winners and what do the winners have that losers don't have. I spent over a year trading and I've sacrificed countless hours finding consistency, spent time apart from my own wife and child. I would've quit if I hadn't found any more viable "strategies" to exploit the forex market. Albeit it's a tough road, I have one more "theory" that I want to try out and if that too fails then trading just isn't for me. I'll just move on. Thanks for your reply sir.
  • #26
  • Apr 4, 2019 10:13am Apr 4, 2019 10:13am
Quoting Klc
Guttsman007, it's fine to give your opinion as you've detailed here however it's clear that your post was not for a discussion but just to validate your own perspective. You're not considering any other point of view and you also try to invalidate these other views by passive-aggressively saying they didn't contribute anything to this "discussion". The only point you have considered is the one that aligns with your own. These click-bait-titled posts are useless if you just want to spread your opinion and then cover your ears when someone else tries...

I'm not going to go back and forth bickering on this thread. Everyone's time is of the essence and you're wasting both our time. This thread is on the Rookies section for a reason sir. I see your profile. Created on April 2019. As of this writing you're a junior member. You joined just to post on this specific thread and say how ludicrous the thread is. It's obvious you're either trolling or trying to start a flame war. This post IS open for discussion and it's not really to validate my own perspective, my own experience in trading is what validates that. Furthermore, you contradict yourself by using "passive-aggressively". There's no such thing, it's either one or the other.

This title isn't clickbait, not because it's the truth but because if you even read the post in the first place, I've already made my disclaimer that anything I say here IS NOT THE ABSOLUTE TRUTH. IT"S A MERE OPINION BASED ON MY PERSONAL EXPERIENCE. I explain in detail what I personally think drives the market and why technical analysis is so difficult and never consistent. Furthermore, the posts I note as "not contributing" deviate from the main point of the thread by saying something along the lines of "risk management". That is not the point of the thread! We're discussing market drivers, not strategies and risk management. This thread is to go beyond trading if you will. If can't grasp that and you don't have anything good to contribute, not even a theory or a hypothesis, then just stay off the thread and look for other threads to flame on.
  • #27
  • Apr 4, 2019 12:16pm Apr 4, 2019 12:16pm
Quoting mikeeating
we always think there is a conspiracy, like when we were caveman and other cavemen were coming to steal our wives, afraid then, afraid now
Ahah, what a funny comparison. Yep, conspiracy theories in many people's blood.
  • #28
  • Apr 4, 2019 12:23pm Apr 4, 2019 12:23pm
Quoting guttsman007
{quote} No, no conspiracy here. But I can surely say this, forex isn't, "What you see is what you get." Though thanks for your time perhaps
I agree with you anyway
  • #29
  • Apr 8, 2019 7:34am Apr 8, 2019 7:34am
In my opinion, the reason why traders fail is very simple: Many traders come to the market with a misinformed menatlity that they will get rich overnight, and when they fail to, greed takes over. That's why you end up finding a trader taking a leverage that is too high, trading without a stop loss or overtrading the market.
  • #30
  • Apr 8, 2019 11:26am Apr 8, 2019 11:26am
Well, this is a very interesting opinion my friend, great work. I find your idea on breaking the market from the top down/bottom up to be really really quite well thought out and straight forward. As far as your actual reason for the majority of losing traders, I think its absolutely brilliant. I strongly suggest to continue to look for any information that can help you to understand your reason even more so. Not saying you are wrong or don't understand your own thoughts already, just that if you keep looking for it and moving further and further in, you may stumble upon things that can leave you shocked/intrigued, and if you are open-minded enough, can lead you down an amazing path.

Thank you very much for sharing, peace!
Canabud.
  • #31
  • Apr 12, 2019 8:35am Apr 12, 2019 8:35am
First of all sorry for my bad English because English is not my native language
actually I know traders who have survived long enough with the techniques they use and they make money from the techniques they use and guess the technique he uses is martingale with EA, but I don't like the technique but it makes money, with a deposit that I think is very large and with OP starting at 0.01 Lot, I think it's ridiculous but once again it makes money ...
  • #32
  • May 2, 2019 1:11am May 2, 2019 1:11am
any trading techniques can bring good result in Forex trading , if you know how to manage money , otherwise no chance at all to get profit in spite of having most powerful analyzing trading strategies.
  • #33
  • May 2, 2019 12:00pm May 2, 2019 12:00pm
Well, some trading techniques have a lower success rate than others, it's important to test for that.
  • #34
  • May 9, 2019 4:10am May 9, 2019 4:10am
when we test our trading strategies in demo or cent account , it works greatly but same strategy when trading in a live , not works as like before , its a common attitude of trading.
  • #35
  • Sep 4, 2019 4:46am Sep 4, 2019 4:46am
yes ,
its a common attitude when trading live and demo. for that reason,
i sometimes prefer micro account

which always teach us a good lesion with no emotions.
  • #36
  • Sep 14, 2019 6:00am Sep 14, 2019 6:00am
its a very good summary , thanks for the post with nice information.
  • #37
  • Nov 28, 2019 2:41am Nov 28, 2019 2:41am
Okay poll is up. This is an update to this post seven months later. I've continued trading as I said I would and I'll be ending my trading career very shortly in about 2 months to rack up a total of a perfect 2 year trading career since January of 2018. Over the course of the months however aside from testing and trading strategies the world over I dug up some very important information, information that will give you a glimpse of the bleakness of the retail trading industry. This'll be almost somewhat of a 'Anton Kreil schools brokers' thread but I believe since I'm leaving the Forex market soon I want to give a very lasting impression upon the community, an impression that should benefit greatly for those who are just starting on their trading journey for spot fx. The goal of the poll as well as its proceedings is to inform the "average joe" so to speak so you can either take what I've got to say with a grain of salt and trade your merrily way to a negative balance OR you can use the information that I'll share(as my educated opinion) to navigate around these nuances, or save your money altogether. Let's see how this goes.
  • #38
  • Nov 28, 2019 6:09am Nov 28, 2019 6:09am
The numbers on the ratio of losers and winners. in fact, nothing is for sure. But overall, in my experience it is approximate. Because, the nature of a trader is not a school
  • #39
  • Nov 28, 2019 9:29am Nov 28, 2019 9:29am
I am not sure what you mean? Please clarify?
  • #40
  • Nov 28, 2019 10:01am Nov 28, 2019 10:01am
Quoting mlawson71
I am not sure what you mean? Please clarify?
I don't understand the question at all. What's there to clarify?
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