Why 99% of traders lose money | Page 14 | Forex Factory

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Why 99% of traders lose money

  • #261
  • Nov 26, 2019 6:03pm Nov 26, 2019 6:03pm
Quoting Mtinifx
Here is a great video I just received about position trading vs day trading. Really interesting! https://trading-university.tv/simon-...63495723455-2/
I got sick watching this video; doesn't make sense at all
  • #262
  • Nov 26, 2019 11:42pm Nov 26, 2019 11:42pm
Your thread is similar to my own thread here: https://www.forexfactory.com/showthread.php?t=904876

This was a thread I started seven months ago. I've since expanded on my knowledge about the markets and studied multiple theories and the way it works but basically without getting too deep into why retail traders lose, no it's not money management, no it's not strategy, it's simply traders being MISINFORMED.
  • #263
  • Nov 27, 2019 2:46am Nov 27, 2019 2:46am
The prayers are not getting tired to want all the world must stick to higher time frame. More false can not be. Take time frame after you have time for it. If it will the only truth, why these member not trade the yearly?

Several times in life, more secure will be not. Or cut trading at all.

Using multi time frame result not in a better entry.
Perfection is the enemy of good enough!
  • #264
  • Nov 27, 2019 7:48am Nov 27, 2019 7:48am
right now , traders improved their skill by learning,
lots of sources in online for learning with signal services,
so losing percentage decreasing really.
  • #265
  • Nov 27, 2019 8:13am Nov 27, 2019 8:13am
Quoting guttsman007
Your thread is similar to my own thread here: https://www.forexfactory.com/showthread.php?t=904876 This was a thread I started seven months ago. I've since expanded on my knowledge about the markets and studied multiple theories and the way it works but basically without getting too deep into why retail traders lose, no it's not money management, no it's not strategy, it's simply traders being MISINFORMED.
I already read it; you added very useful opinion! Thanks for sharing here as well.
  • #266
  • Nov 28, 2019 1:12am Nov 28, 2019 1:12am
Quoting HajiMohsin
right now , traders improved their skill by learning, lots of sources in online for learning with signal services, so losing percentage decreasing really.
its very true there are plenty of sources to learn Fx especially for beginners. but according to me, still they ignore learning and try to bring profit very rapidly without passing minimum time in here.
  • #267
  • Nov 28, 2019 2:25am Nov 28, 2019 2:25am
Quoting ZikriIrfan
{quote} I already read it; you added very useful opinion! Thanks for sharing here as well.
No probz. I'm gonna have to unsubscribe from the thread though. This thread is getting nowhere. Most of the talk is same-same--> money management, greed, education, etc. All of these things sound great from a broad perspective but it doesn't touch on even the basic concepts as to why most traders fail which I believe...no... rather I know that the underlying problem as I just mentioned deserves more merit and scrutiny. From the time I posted my own thread to today I've dug up and researched more about market dynamics and it's not only brutal but to be quite honest downright criminal. What I uncovered pretty much painted a morbid picture about Forex. Unlike in other markets, the fact that Forex is OTC makes it even more susceptible to manipulation. But this isn't my thread so I'm not gonna divulge what I've found out. I'll leave the rest for you traders to figure all that out. Peace!
  • #268
  • Nov 29, 2019 7:16am Nov 29, 2019 7:16am
Quoting guttsman007
{quote} No probz. I'm gonna have to unsubscribe from the thread though. This thread is getting nowhere. Most of the talk is same-same--> money management, greed, education, etc. All of these things sound great from a broad perspective but it doesn't touch on even the basic concepts as to why most traders fail which I believe...no... rather I know that the underlying problem as I just mentioned deserves more merit and scrutiny. From the time I posted my own thread to today I've dug up and researched more about market dynamics and it's not only brutal...
You are right! I think, you can open a new thread and share your opinions with the details. May be you can try…….
  • #269
  • Nov 29, 2019 12:40pm Nov 29, 2019 12:40pm
Losing is a habit
one can get rid of it
but most have no sense of how to do that
  • #270
  • Nov 29, 2019 7:49pm Nov 29, 2019 7:49pm
Quoting THD
Losing is a habit one can get rid of it but most have no sense of how to do that
in fact losing is more than a habit
when you look close at it - it's a strategy
a complete successful strategy, that's why 90+% use this survival-mechanism
so them have to be proud of their success
every day in beating themselves
because that is what losing is
beating thyself
not to take any responsibility for the actions one has to take
its the consequence of ignoring the truth
that you only can take responsibility for your actions
when you know deeply and with every fiber what you are going to do
but that means learning in preparation to do...
but learning is annoying and often with pain associated..
so they avoid it and take some prepared anything out of the consumer-board..
but to pass the responsibility you only can lie to yourself..
because it daily asks what you have done for any or better success..
and that's what one's losing, the only thing,
respect for himself, because he knows intense that he could have done it better
if he had invested enough effort into his project
to become able to take the necessary responsibility
but he didn't and therefore it is some guilty circumstance but never himself ..
this is the cause behind the fact they feel depressed
this feeling is known as "shame"
sorry but the truth always is painful when you fight against
i know personally
but as I have stated
everyone can get rid of it
pain in worst case is just a price you pay
hakuna matata
  • #271
  • Nov 30, 2019 1:06am Nov 30, 2019 1:06am
Quoting THD
Losing is a habit one can get rid of it but most have no sense of how to do that
Only good skilled traders are able to recover their losses in a long run; it’s all about traders trading quality.
  • #272
  • Nov 30, 2019 8:25am Nov 30, 2019 8:25am
fx forums are a farce

The best place to learn what NOT to do.

You don't know the work involved.

None of these guys with the tacky flags even have intimate knowledge of the mechanics and players of the mkt - Just read their bs.

There's no incentive to help. Why would we, to get someone screaming heresy at us?

I just had to reply seeing this thread for so long.

FF factory does have a great calendar to compare, though it misses a lot of the releases.
  • #273
  • Nov 30, 2019 9:12am Nov 30, 2019 9:12am
Quoting Fml
fx forums are a farce The best place to learn what NOT to do. You don't know the work involved. None of these guys with the tacky flags even have intimate knowledge of the mechanics and players of the mkt - Just read their bs. There's no incentive to help. Why would we, to get someone screaming heresy at us? I just had to reply seeing this thread for so long. FF factory does have a great calendar to compare, though it misses a lot of the releases.
Whatever it is; till now Forex forum is the most effective way of learning Forex; even much better option than the so called paid courses!
  • #274
  • Dec 1, 2019 3:49am Dec 1, 2019 3:49am
Quoting Fml
fx forums are a farce The best place to learn what NOT to do. You don't know the work involved. None of these guys with the tacky flags even have intimate knowledge of the mechanics and players of the mkt - Just read their bs. There's no incentive to help. Why would we, to get someone screaming heresy at us? I just had to reply seeing this thread for so long. FF factory does have a great calendar to compare, though it misses a lot of the releases.

agreed
  • #275
  • Dec 4, 2019 8:12am Dec 4, 2019 8:12am
Quoting ZikriIrfan
{quote} Whatever it is; till now Forex forum is the most effective way of learning Forex; even much better option than the so called paid courses!
I think one can learn better from a consize tutorial - many of which can be found online for free - but forums are a great place to ask questions about things you don't understand.
  • #276
  • Dec 4, 2019 9:23am Dec 4, 2019 9:23am
I think that the 1% who are winning big are probably not going to share their systems with the crowd. Why should they when if the crowd all open trades at the same point or place hundreds of stops in a certain area the market will gun them for sure! The 1% are making big money from trading against the crowd! I suppose it really means looking at the market from a different perspective. Where are the "crowd" likely to place their stops? If you can identify a likely area, make sure you do the opposite!

As I mentioned before, 99% are losing simply because of overtrading - not just overtrading per se but also opening trades at the wrong times. That's not just at the wrong time of the day but also at times (often most of the day) when price action is not trending but simply ranging. It's just impossible to win at these times so loss is inevitable. Experienced traders are able to identify these dangerous periods or phases. Two easy methods are by simply seeing how far up or down the price has moved in the last few hours. Then draw horizontal lines at the daily high and lows and previous days high and lows too. WAIT until these high/lows are broken and the relevant support/resistance re-tested before opening a trade. This is where patience comes in and there is no doubt that the 1% that are winning are all very patient people!
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  • #277
  • Dec 5, 2019 5:45am Dec 5, 2019 5:45am
Quoting MarkFxAnde
{quote} its very true there are plenty of sources to learn Fx especially for beginners. but according to me, still they ignore learning and try to bring profit very rapidly without passing minimum time in here.
I agree, they miss the most important part. But that impatience and carelessness definitely makes them pay for it later.
  • #278
  • Dec 6, 2019 6:26am Dec 6, 2019 6:26am
Quoting Bob99
{quote} I agree, they miss the most important part. But that impatience and carelessness definitely makes them pay for it later.
Exactly. One should not skip that period of simply learning for the sake of learning.
  • #279
  • Dec 12, 2019 3:13am Dec 12, 2019 3:13am
Because you think your going to be rich at the end of the trade. Then some news story come out and wipe out your account.
  • #280
  • Dec 12, 2019 6:30am Dec 12, 2019 6:30am
Quoting ForexCR
Because you think your going to be rich at the end of the trade. Then some news story come out and wipe out your account.
People get disabused of those notions pretty quickly as newbies, but the lesson is still painful.
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