Why 99% of traders lose money

I assume they are looking at people who profit more than they lose?

Not sure, however there are ESMA guidelines for brokers on what they should publish
https://www.esma.europa.eu/sites/def..._notice_en.pdf

Also here is how profits are calculated by various methods..
https://www.contracts-for-difference...ts-losses.html

Not sure it is connected, but at least for the ballpark
But I would assume the basic question is if MONEY earned or withdrawn profits are greater than loses or deposits

That's quite useful, thank you!

Presently, while some of this needs to do with the brokers tricks and misdirecting training that they put out there for their own particular benefit, it additionally needs to do with the traders also. Most traders lose, on the grounds that they don't regard forex trading as a venture. Without a doubt, the forex advertise moves regularly and it is open 24 hours per day, 5 days seven days. Be that as it may, this doesn't legitimize not regarding forex trading as a speculation.

Let’s be honest. Most of the traders lost their money because they were trapped in a game that you never win.

What? Really? Maybe most of you would think that I’m a loser who just got Stopped out and have a negative thinking towards this instrument.

Forex itself is very fine. Forex Spot is a legit business. I’m talking about Forex Online Trading. The market maker lured innocent or even pro wannabe people into a game that you can’t win in the long term.

Again, I’m not talking about Forex. I’m talking about Forex Online Trading.

Most of the players would play intraday with excessive leverage. This is a game that is full of bullshit and illusion that would brainwash your entire sane mind.
We would never win a leverage game even playing without leverage would be very difficult.

What on earth we might think we could beat the leverage game.

Well, … and I still trade this stupid game. But not in an insane way.

You just haven’t found what works yet.. Here’s my honest advice..

if you don’t stop, you’ll find it (This is fact)
Stay Well

JayBag your TE is an inspiration to us all - well done indeed

Thanks M,

im glad it’s serving just as what I have intended.
By the way, I see you’ve been dishing nothing but truth from your experience.

A lot of us find it useful

Exactly. The initial time is really crucial and if someone survives these days,then thats a good sign surely.

Most people end up losing money sadly. But that is part of the learning process, there is no other way.

Nonesence statement - retail forex is not a venture.

It is a negative sum game for losers.

In my trading experience, what i've seen or learned about being a losing trader is that those losing traders have only one problem and which is they can't afford a losing or even a breakeven month. But they completely ignore the beauty of having 2% a month. May be 2% sound ridiculous but trust me, with given time, that 2% is more than enough capable to keep you long enough to stay in the game to become a successful trader.

I agree, usually more than 2% are unnecessary and if one uses more they just increase their risk more than needed.

These 90% failure whose names should be written in golden actually thinks that trading is also like gambling with two button which they will push and money will be pore out just like casino.

99%? I think that now no, because people are aware of the risk, also on brokers websites you can see current statistics and they are 60-70% losse money.

From my re-occurring experience... Because of the lack of the discipline... Some do not want to get money out of profitable signal, if they have some other issue with it.. You won't believe how many rules some people have in order to execute, what even they believe is, a profitable signal. They would have to like the person bringing it and he/she should not be their "competitor" (regardless of the fact that we can all earn here, even if copy/use the signal/trade of one) etc.. Which is bull to me... I believe, if we are here for the money, we should grab every chance/signal that can brings us closer towards that objective, right? The trading is hard as it is, without adding the luxury of emotions and ego(trip) to it, amarite Also "knowing when not to trade" and "do not chase the loses" would be a close second

Because forex trading is speculative in nature. From my experience, it is worse than casino gambling in many aspects.

Many traders delude themselves into thinking that they are good traders(or have the potential to be so), just because they are able to put recommended ideas taught in trading medias into regular practice. But their P&L statements say otherwise.

Reality is...

If you can't perform in a trading firm, you will be fired.

If you can't perform as a retail trader, your account will go BLOODY RED!

Most of the traders lose them because they are inexperienced, have no knowledge, no discipline and no control over their emotions. They want to become rich quickly and in this process and greed of making a quick profit they often lose all their money and hate trading and leave the business.

Email I received from a pro trader:

The forex world encounters more gamblers than professionals.
Though many people don’t want to be a gambler, they also see it as gambling.
And they approach forex with the attitude of a gambler.
There are many signs that gamblers exhibit from which you can identify them.

Traits of a gambler
A forex gambler never follows a strategy
A gambler won’t have any trading plan.
He/she doesn’t know the value of his own trading journal.
A gambler won’t follow any risk management.
A gambler focuses more on profits.
Instead of a detailed study, a gambler relies on gut feelings.
A gambler wants to be in the market always.
And they look for every opportunity to make money.
A gambler goes for quick trades and does irrelevant tradings.

Traits of a professional trader
A professional trader will have a forex strategy to follow.
He/she would have complete knowledge of his strategy.
And the professionals will develop it through learning and demo trading.
The professional trader will have a trading plan
The trader will be happy to have his own trading journal.
And he /she will keep the records for the trades and transactions.
For every trade, the professional trader applies risk management.
The professional trader not only considers the ends.
He/she also concentrates on the process of trading.
The trader will treat it as a business, not as a game.
They enter the trade only when there is the right opportunity.
The professionals maintain a level head and are not emotional people.

Forex Trading Vs. Gambling
Forex trading requires learning, practice, and experience.
But gambling is based only on gut feeling.
Forex trading can give you a regular income.
But gambling can’t assure you a regular income.
Forex is not addictive in nature.
Whereas gambling is highly addictive.
And it would turn you into a bankrupt.
Gambling is played for fun also.
But forex is a serious business, which involves investment and returns.
In forex trading, though losses are inevitable, the trader will gain more money.
But in gambling, the gambler will lose more money than he earns.
As the saying goes, the house will always win in gambling.
No such rigging of the process is possible in forex trading.

Conclusion
A forex gambler risks more than he/she can afford.
They would receive more than 5% of their money.
But professional traders won’t do anything risky.
When they go for risky trades, they do it with the right calculations.
Know the difference and groom the trader in you.
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That is a great comparison, I completely agree with you.