System sellers don't make money trading. Why would they sell a winning system
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I have the same opinion! On the other hand, according to my own experience- there is no way to rely on any copy-paste formula since Forex market is too volatile! I think, free trading indicators like Moving Average, Fibo, ART are much meaningful than the co called profitable paid trading system’s! This is why, I only focus on my own learning process instead of buying any trading strategy!
i have seen most of the traders who are beginners never believe the importance of demo at all. they never focus on there and trade at random with no analysis , for that reason i think for practice in a proper way micro account is more appropriate , it can be expensive for someone but really supportive for acquiring live knowledge and experience.
Traders fail because they can hardly understand the flow of the market. They can’t catch the trend well and so they can’t forecast the market. That’s why traders should grow their analytical ability because it works as a weapon for them.
Most new traders are day traders. They are generally driven by fear. Therefore they are too afraid to stay in the market overnight let alone over the weekend.
Generally -
They trade off shorter and shorter time-frames so they are less and less exposed to the market.
This leaves insufficient time to plan ahead for high probability set-ups or making rational TA-based decisions.
They buy steadily falling markets and sell steadily rising markets so they can make a profit from a dramatic market counter move which is very short in duration, so that they can get out very quickly and be safe again.
What they think is risk-averse behaviour brings them into danger.
Most new traders are day traders. They are generally driven by fear. Therefore they are too afraid to stay in the market overnight let alone over the weekend. Generally - They trade off shorter and shorter time-frames so they are less and less exposed to the market. This leaves insufficient time to plan ahead for high probability set-ups or making rational TA-based decisions. They buy steadily falling markets and sell steadily rising markets so they can make a profit from a dramatic market counter move which is very short in duration, so that they...
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Very correct said I think.
A better question to ask will be this I think: who is winning in this game ?
I think that the large banks, just companies with large money, winning from this game. Is it because they have large knowledge ?
They are winning because they force the market to where they want. So they don't trade. They walk just through the pads where they can collect money.
{quote} Very correct said I think. A better question to ask will be this I think: who is winning in this game ? I think that the large banks, just companies with large money, winning from this game. Is it because they have large knowledge ? They are winning because they force the market to where they want. So they don't trade. They walk just through the pads where they can collect money.
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Absolutely right. The big international banks do not lose money trading forex.
So the lesson is, what are they doing that we can do?
The answer is found in the price, because whatever they do is seen in price movements they are so big, they cannot hide their traces.
How to follow price? - follow the price trend. Be long when price is rising, be short when price is falling. Trading is as simple as that.
Every major university study on day trading (examine 300 traders profit after one year) tells us that 99% lose their money. Not 80%...but 99% on any given year. The 1% who do make money will lose the next year. You will never see any Youtube day-trade guru show you their 3 year independent-audit of their trading history.
There's 15,000 hedge funds, pension funds, mutual funds etc...with an average $100 million to push around.
On any day of the week...at least 3000 to 5000 funds are long AAPL and another 3000 to 5000 that are short AAPL. Every time you see a strong uptrend on strong volume...and you decide to go long...the fund's algorithim will spot the volume and immediately sell against it...or vice-versa. Last 40 years, 95% of all S&P gains happened between 4pm and 930am...the morning gap. NOT during the day.
There is no other way for any fund to make a profit if they don't immediately go against the crowd. Pick any liquid stock...and there's always at LEAST 3000 funds betting against its current trend. That's why nine out of ten stocks NEVER trend during the day...they oscillate. The odds are 9-to-1 or more against you on every day trade. The odds are always at LEAST 9 to 1 against a typical day trade. Now walk into any bar...and tell 9 people that you will fight them all at the same time. See what happens.
Every major university study on day trading... tells us that 99% lose their money... The 1% who do make money will lose the next year. You will never see any Youtube day-trade guru show you their 3 year independent-audit of their trading history...
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75-85% of retails lose on a quarterly basis as per the data brokers are required to publish in some jurisdictions.
98-99% on a yearly basis seems reasonable because the longer the time, the higher the failure rate will get.
I'd venture that it must be higher than 99.99% over three years.
There's 15,000 hedge funds, pension funds, mutual funds etc...with an average $100 million to push around. On any day of the week...at least 3000 to 5000 funds are long AAPL and another 3000 to 5000 that are short AAPL. Every time you see a strong uptrend on strong volume...and you decide to go long...the fund's algorithm will spot the volume and immediately sell against it...or vice-versa. Last 40 years, 95% of all S&P gains happened between 4pm and 930am...the morning gap. NOT during the day. There is no other way for any fund to make a profit...
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You appear to make a distinction between day trading as a failing approach while holding overnight as key to better results. No. Any related success is due to the trending nature of stocks compared to Forex. The reasons for the high failure rates are others.
Every major university study on day trading (examine 300 traders profit after one year) tells us that 99% lose their money. Not 80%...but 99% on any given year. The 1% who do make money will lose the next year. You will never see any Youtube day-trade guru show you their 3 year independent-audit of their trading history. There's 15,000 hedge funds, pension funds, mutual funds etc...with an average $100 million to push around. On any day of the week...at least 3000 to 5000 funds are long AAPL and another 3000 to 5000 that are short AAPL. Every time...
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I have a question - if 3000 are long and 3000 are short, isn't that a good opportunity for traders who understand liquidity and market structure?
{quote} 75-85% of retails lose on a quarterly basis as per the data brokers are required to publish in some jurisdictions. 98-99% on a yearly basis seems reasonable because the longer the time, the higher the failure rate will get. I'd venture that it must be higher than 99.99% over three years. {quote} You appear to make a distinction between day trading as a failing approach while holding overnight as key to better results. No. Any related success is due to the trending nature of stocks compared to Forex. The reasons for the high failure rates...
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Stocks don't trend. They gap. At least 95% of the time. That's why Jim Simons beat Buffett each year...by 20 points.
{quote} I have a question - if 3000 are long and 3000 are short, isn't that a good opportunity for traders who understand liquidity and market structure?
By identifying where the liquidity is resting and positioning the trades according to it. I think if there would be large number of traders on both sides, liquidity pools could be formed around the key levels. if the market sweeps from one side and then fails, there may be chance of reversal or maybe a short move on the opposite side. What are your thoughts?
Day trading is very challenging because there are many big funds and investors who control market movements. Often, small traders trade against these large funds. They fail to catch the right market trends, which reduces their chances of success. Those who don't have regular trading practice usually lose quickly.
Price Action Trader | Risk management is key | Consistent but no shorcut
Valid points, but success in trading isn't just about odds—it’s about skill, discipline, and risk management. While many fail, those who adapt, learn, and stay patient can thrive. It’s tough, but not impossible.
