Why do 95% of traders lose? | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why you lose money and will always lose 44 replies

Did we Lose any Brokers? Are we going to Lose a few? 1 reply

Why most of traders lose on forex? 43 replies

Why the Beginner Traders Lose? 11 replies

Why Traders Lose Their Discipline 2 replies

Attachments: Why do 95% of traders lose?
Exit Attachments

Why do 95% of traders lose?

  • #121
  • Dec 27, 2018 6:53am Dec 27, 2018 6:53am
Most new traders forget that this is an extremely serious investment business. Studying few weeks or few months is simply not sufficient.

And of course, opening a live account and trading which I call gambling at this point since they have not tested anything they are doing and they hope they will make big gains.

Again, this is a serious business but people do their best to make it seem easy. It is not.
  • #122
  • Dec 27, 2018 9:31pm Dec 27, 2018 9:31pm
Quoting 2.minutes
where did u get the 95% from? i mean is there any legit reference for that percentage coz am trying to find a place where it confirms that??
Worked with a (now retired) forex market maker. I can confirm these numbers are pretty accurate... Over the course of about a year, 1% actually turn out more gains than losses...

Luck and hope are not plans.
You must understand yourself- Identify your weaknesses, and avoid making decisions according to emotions.
Instead, focus on relevant, market-generated information without being deterred by the raging data explosions going on around you.
Discouragement is the language of the devil. Results over hype.
  • #123
  • Dec 28, 2018 4:18am Dec 28, 2018 4:18am
Quoting BasicConcept
Most new traders forget that this is an extremely serious investment business. Studying few weeks or few months is simply not sufficient. And of course, opening a live account and trading which I call gambling at this point since they have not tested anything they are doing and they hope they will make big gains. Again, this is a serious business but people do their best to make it seem easy. It is not.
people generally take this trading place as a casino instead of business platform, they try to earn more profit within a very short time without learning, as a result they become loser ultimately.
  • #124
  • Dec 28, 2018 1:59pm Dec 28, 2018 1:59pm
Quoting AdamCrist
{quote} people generally take this trading place as a casino instead of business platform, they try to earn more profit within a very short time without learning, as a result they become loser ultimately.
You can say that again! With brokers outside the US offering upwards of 1:500 leverage, and the forex “gurus” who show off their cash- when half of it is just sales from their trading class haha... ITS A SHAME!!
Discouragement is the language of the devil. Results over hype.
  • #125
  • Feb 19, 2019 4:00am Feb 19, 2019 4:00am
there is anyone who getting rick by Forex trading ?
i have never seen this at all,
but have seen lots of traders above all beginners level who
lost vast of money from here.
  • #126
  • Apr 8, 2019 7:42am Apr 8, 2019 7:42am
No one wants to learn about risk management. I taught some guys in the past and all they were concerned what strategy what indicators am i using etc etc. NONE of that really matters. If you have a style that you are even 50% correct with you will make money providing risk management is on point. You can see from my results i only win 54% of time.
Also no one wants to grind they want to go big quick trying to making millions in seconds.
Next one i have seen from past students is from their past system setting incorrect stops. They use more on a pnl stop rather than a sensible stop which really hinders ones chances to stay in trades. WHY do they use PNL stop because they are trading too big and cant afford to lose the money so they will just set an arbitary 20 pips stop which makes no sense especially if you trading some of the higher ATR pairs.
My advice to anyone would be concentrate on a risk management strategy that works for you
  • #127
  • May 8, 2019 5:34am May 8, 2019 5:34am
Quoting BasicConcept
Most new traders forget that this is an extremely serious investment business. Studying few weeks or few months is simply not sufficient. And of course, opening a live account and trading which I call gambling at this point since they have not tested anything they are doing and they hope they will make big gains. Again, this is a serious business but people do their best to make it seem easy. It is not.
agree , no way to deny the importance of large investment , but i want to say any kinds of investment can be useless if there is no real knowledge and experience.
  • #128
  • Nov 28, 2019 1:18am Nov 28, 2019 1:18am
Quoting allinazi
No one wants to learn about risk management. I taught some guys in the past and all they were concerned what strategy what indicators am i using etc etc. NONE of that really matters. If you have a style that you are even 50% correct with you will make money providing risk management is on point. You can see from my results i only win 54% of time. Also no one wants to grind they want to go big quick trying to making millions in seconds. Next one i have seen from past students is from their past system setting incorrect stops. They use more on a pnl...
actually to be skilled about risk management is a long term process ,
so traders above all the beginners
lost interest after passing sometimes.
  • #129
  • Nov 28, 2019 9:27am Nov 28, 2019 9:27am
It does take time to learn but it is worth the effort.
  • #130
  • Nov 29, 2019 3:03am Nov 29, 2019 3:03am
Quoting mlawson71
It does take time to learn but it is worth the effort.
Well said; and this is why new traders should have a long term plan on Forex learning!
  • #131
  • Nov 29, 2019 10:01am Nov 29, 2019 10:01am
Quoting Adelhard
{quote} Well said; and this is why new traders should have a long term plan on Forex learning!
I don't know whether it takes a long time, precisely, not to mention that what "long time" is for different people is a very subjective matter, but still, one should be prepared to spend at least a few months to a few years learning.
  • #132
  • Nov 30, 2019 12:17am Nov 30, 2019 12:17am
Quoting mlawson71
{quote} I don't know whether it takes a long time, precisely, not to mention that what "long time" is for different people is a very subjective matter, but still, one should be prepared to spend at least a few months to a few years learning.
Point is; new traders need to focus on only learning; no earning headache.
  • #133
  • Nov 30, 2019 6:12am Nov 30, 2019 6:12am
People lose money in FX because everyone thinks they can do it if they only apply themselves. But thats far from the truth. The fact is that most of those who try will never make money in the long run, no matter how much they study. This advice to study and you will eventually be profitable is nonsense. Thats simply not the case just like it is not the case that if you practice hard enough you will become a professional athlete because thats all it takes. These two professions are very similar in that studying or practicing is not enough to make it. There are multiple other factors that go into being successful in both fields and there is a very small % of people that actually posses those qualities. They cant be taught, you simply have it or not. They can only be refined.
  • #134
  • Nov 30, 2019 1:17pm Nov 30, 2019 1:17pm
perhaps the most important excess that can lead to success.
context ( related ) search ability existence.
I think it must be a very important feature.
  • #135
  • Nov 30, 2019 9:43pm Nov 30, 2019 9:43pm
Quoting Eximiuscm
People lose money in FX because everyone thinks they can do it if they only apply themselves. But thats far from the truth. The fact is that most of those who try will never make money in the long run, no matter how much they study. This advice to study and you will eventually be profitable is nonsense. Thats simply not the case just like it is not the case that if you practice hard enough you will become a professional athlete because thats all it takes. These two professions are very similar in that studying or practicing is not enough to make...
Well said; really a number of new traders are seeking quick success here! Although learning is a long term process here!
  • #136
  • Dec 2, 2019 6:48am Dec 2, 2019 6:48am
Quoting Adelhard
{quote} Well said; really a number of new traders are seeking quick success here! Although learning is a long term process here!
Mentioning quick success is on point. A lot of people wants easy money and they want them now! Nobody wants to hear that you have to work hard to be successful. You can fail even with the best teacher and bulletproof strategy just because you are lazy and impatient.
  • #137
  • Dec 5, 2019 5:23am Dec 5, 2019 5:23am
It doesn't help that a lot of brokers do promise quick success in their advertising and reality could not be further than that.
  • #138
  • Dec 13, 2019 12:37am Dec 13, 2019 12:37am
It is because cannot control greed. It's really hard.
  • #139
  • Dec 13, 2019 3:15am Dec 13, 2019 3:15am
controlling greed or emotions is really difficult task when trading in practical. but if you practice to control this human nature after passing sometime you will get the result , always remember any good habit comes from after practicing a lot.
  • #140
  • Dec 13, 2019 4:32am Dec 13, 2019 4:32am
practice is everything but difficult to maintain it consistently,
those who are capable only they can be successful at any sectors.
0 traders viewing now