• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 8:49pm
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 8:49pm
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

How do you newbies not lose your motivation? 86 replies

Why you lose money and will always lose 31 replies

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

Which FX Trading Course/System is Good for newbies? 41 replies

Fully recovered!! Newbies take note!! 33 replies

  • Rookie Talk
  • /
  • Reply to Thread
  • Subscribe
  • 6
Attachments: Why do Newbies Lose?
Exit Attachments

Why do Newbies Lose?

  • Last Post
  •  
  • 1 1415Page 161718 22
  • 1 15Page 1617 22
  •  
  • Post #301
  • Quote
  • Nov 24, 2020 10:02am Nov 24, 2020 10:02am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
While that is often true, that is not the only reason why people lose money. Sometimes - often even, if regulator data can be trusted, people lose money due to various shady broker practices, even when the brokers are regulated. It is a very big problem in this industry.
 
 
  • Post #302
  • Quote
  • Nov 28, 2020 2:46pm Nov 28, 2020 2:46pm
  •  Robertstarc
  • | Additional Username | Joined Jan 2020 | 265 Posts
The most common mistake in trading is overconfidence. In trading, Confidence is good but overconfidence is dangerous.
 
 
  • Post #303
  • Quote
  • Nov 29, 2020 3:15pm Nov 29, 2020 3:15pm
  •  warrenk1
  • | Joined May 2019 | Status: Member | 41 Posts
Quoting rooicol
Disliked
Hi all, Just wondering what exactly do newbies do to lose? I mean when you open a trade, regardless of any analysis you do, you are issued a 50:50 chance of winning/losing, so how do you lose overtime? Well, i guess the first thing is trading cost, every trade you make it will cost you about 3 pips, so if a newbie makes 100 trades, 50 wins and 50 losses of equal size, they will end up down 300 pips. I think newbies have a tendency to make many many trades in a short period of time, the market rise a few pips and they buy, the market falls a few...
Ignored

many variables to the answer this question. id probably say the main issues that need addressing are:

1. information overload and over exposure to too much conflicting information. this causes people to chop and change their strategies and trading plan. KEEP IT SIMPLE
2. non existent trading plan so a newbie will enter and exit positions with no STOP LOSS, real risk / capital management or strategy. FIRST STEP TO BLOWING ACCOUNT
3. personal beliefs and expectations! mentality plays a vital role, especially if one approaches the market with a gambling mentality or wrong attitude. (TIP: Mark Douglas - "TRADING IN THE ZONE") must read.
4. (probably should have started with this one) most if not all of us who made the decision to start trading in the first place have been manipulated into believing the "get rich quick" BS in the early stages!
5. lazy traders with money to burn as I put it. see some fancy strategy (which by the way is free information), PAY for the free information then can't stick to the strategy they paid so much for.
6. TRADING THE NEWS!! be wary, plenty of news out there and quite prominent on this very sites news section is news thrown out by manipulators in the act of moving dumb money to smart money.
7. learn to stay in your lane and be confident with your decisions and own them! remember the market owes you nothing! SELF DISCIPLINE AND CONSTANT PERFORMANCE MONITORING
8. EGO!!
9. trading too much too soon. LEARN THE DISCIPLINES

plenty more too mention which I'm sure others will state. play the game to stay alive hope this helps and happy trading
 
1
  • Post #304
  • Quote
  • Dec 11, 2020 2:30pm Dec 11, 2020 2:30pm
  •  Deepak.Dubey
  • | Additional Username | Joined Apr 2020 | 370 Posts
Quoting warrenk1
Disliked
{quote} many variables to the answer this question. id probably say the main issues that need addressing are: 1. information overload and over exposure to too much conflicting information. this causes people to chop and change their strategies and trading plan. KEEP IT SIMPLE 2. non existent trading plan so a newbie will enter and exit positions with no STOP LOSS, real risk / capital management or strategy. FIRST STEP TO BLOWING ACCOUNT 3. personal beliefs and expectations! mentality plays a vital role, especially if one approaches the market with...
Ignored

You had me with your very first point. I once heard someone say that the very reason we are unhappy today is the sheer influx of information. We have access to a lot more information than our minds have the ability to process. We live in the constant fear of missing out.
 
1
  • Post #305
  • Quote
  • Dec 11, 2020 9:04pm Dec 11, 2020 9:04pm
  •  DeanLittler
  • | Additional Username | Joined Jul 2020 | 129 Posts
Losses can be organized due to a lack of trading knowledge. It is often seen that new traders make more losses because they have less trading knowledge.
 
 
  • Post #306
  • Quote
  • Dec 11, 2020 10:04pm Dec 11, 2020 10:04pm
  •  MarkFxAnde
  • | Additional Username | Joined Mar 2016 | 641 Posts
Newbie losses for same reason most of the time which is lack of knowledge , i have seen most of the beginners always try to bring profit with no learning , as a result they become loser when trading in practical. emotions also responsible for losing
 
1
  • Post #307
  • Quote
  • Dec 11, 2020 11:20pm Dec 11, 2020 11:20pm
  •  NathanAstel
  • | Additional Username | Joined Apr 2018 | 459 Posts
i agree with you , i know emotions is the foremost reason when making a losses , besides this i think greed is the also responsible for this.
 
1
  • Post #308
  • Quote
  • Dec 12, 2020 9:28am Dec 12, 2020 9:28am
  •  Saifapproach
  • | Joined Dec 2020 | Status: Junior Member | 1 Post
Quoting mlawson71
Disliked
While that is often true, that is not the only reason why people lose money. Sometimes - often even, if regulator data can be trusted, people lose money due to various shady broker practices, even when the brokers are regulated. It is a very big problem in this industry.
Ignored
I totally disagree to that mentality. I feel this is exactly the mentality that keeps newbies unprofitable because they focus on all the unnecessary things rather than focusing on what will make them profitable.
The reason i say this is because every profitable trader was once a newbie, so for them to become profitable..did the brokers take them of the "Manipulation" list?

What makes newbies lose is because they dont understand that trading isnt about the money but rather..Consistency in setups which give birth to risk management. THEN your ACCOUNT grows.

Brokers are becoming less shady by the years due to Competition and the tightening of regulations. So manipulations lessons over time.

Point here is you have never heard a profitable trader complain about manipulation because that same setup in which the newbie is manipulated on, the profitable trader will reap profits.

So at the end, Manipulation doesn't matter much because it has nothing to do with becoming profitable.
 
2
  • Post #309
  • Quote
  • Dec 12, 2020 11:27pm Dec 12, 2020 11:27pm
  •  AlexImam
  • | Additional Username | Joined Apr 2018 | 323 Posts
when i was newbie i losses so many times due to trading with high leverage , actually high leverage always contains high risk , so newcomers should not trade like that at the early stage.,
 
1
  • Post #310
  • Quote
  • Dec 13, 2020 12:07am Dec 13, 2020 12:07am
  •  NeilWagner
  • | Additional Username | Joined Mar 2017 | 484 Posts
i dont thnk so , if there is any risk that means there was no strong money management with real trading plan , so increase the money and risk management and earn more money by high leverage.
 
1
  • Post #311
  • Quote
  • Dec 14, 2020 4:15am Dec 14, 2020 4:15am
  •  AlexImam
  • | Additional Username | Joined Apr 2018 | 323 Posts
there is any difference between money and risk management ? sometimes i feel its all about same issue, nothing without it.
 
 
  • Post #312
  • Quote
  • Dec 14, 2020 7:57am Dec 14, 2020 7:57am
  •  DarrenLehma
  • | Additional Username | Joined Mar 2017 | 490 Posts
the main purpose its all about avoid unfortunate risk and losses. so i hope you will understand my point . thank you
 
 
  • Post #313
  • Quote
  • Dec 14, 2020 9:26am Dec 14, 2020 9:26am
  •  SamGoi
  • | Additional Username | Joined Aug 2020 | 109 Posts
New traders lose because they have less knowledge about trading. And due to a lack of this knowledge, they cannot enter the trade in the right way. They may lose a lot for this. Every trader should develop trading skills.
 
 
  • Post #314
  • Quote
  • Dec 15, 2020 2:41am Dec 15, 2020 2:41am
  •  martin15
  • | Additional Username | Joined Aug 2019 | 59 Posts
Its mainly because of their unrealistic hopes, lack of knowledge and less practice.
 
 
  • Post #315
  • Quote
  • Dec 15, 2020 9:32pm Dec 15, 2020 9:32pm
  •  Awasim
  • | Additional Username | Joined Mar 2020 | 170 Posts
Most of the new traders want to become rich very quickly so they look in hurry and want to make a profit after joining. But they lack knowledge and skills and have no practice over demo account so they mostly lose their money after some trades and quite the market. So my advice for all new traders is to take your time and learn the Forex completely it will be better for you and you will make a good profit after learning.
 
1
  • Post #316
  • Quote
  • Dec 16, 2020 1:36am Dec 16, 2020 1:36am
  •  timpip
  • | Joined Oct 2020 | Status: Member | 12 Posts
Quoting martin15
Disliked
Its mainly because of their unrealistic hopes, lack of knowledge and less practice.
Ignored
well said
 
1
  • Post #317
  • Quote
  • Dec 16, 2020 2:51am Dec 16, 2020 2:51am
  •  allinazi
  • Joined Jul 2017 | Status: Member | 449 Posts
spend too much time on a demo
Track record - https://www.fxblue.com/users/24423
 
 
  • Post #318
  • Quote
  • Dec 16, 2020 6:37am Dec 16, 2020 6:37am
  •  Zivko
  • | Additional Username | Joined Dec 2020 | 14 Posts
Due to lack of risk management.
 
2
  • Post #319
  • Quote
  • Dec 16, 2020 10:50am Dec 16, 2020 10:50am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
Lack of knowledge, discipline, trading plan, risk management, bad broker choice, and so on and so forth.
 
 
  • Post #320
  • Quote
  • Dec 16, 2020 12:31pm Dec 16, 2020 12:31pm
  •  ViktorDanie
  • | Additional Username | Joined Jul 2020 | 130 Posts
New traders do lot of mistake at first. It is common. Just learn for your mistake and never repeat it twice.
 
1
  • Rookie Talk
  • /
  • Why do Newbies Lose?
  • Reply to Thread
    • 1 1415Page 161718 22
    • 1 15Page 1617 22
0 traders viewing now
  • More
Top of Page
Forex Factory Blog Updated: Alerting All Members
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2022