The Reason why 95% Traders fail | Page 16 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another reason why 99% of traders fail 63 replies

The one reason that trumps all other reasons why traders lose 262 replies

The reason why 95% of new traders consistantly lose money 203 replies

Why Traders fail despite of good system available here in Forum?? 8 replies

Attachments: The Reason why 95% Traders fail
Exit Attachments

The Reason why 95% Traders fail

  • #301
  • Jan 26, 2010 4:21am Jan 26, 2010 4:21am
Quoting Parazite
The reason Fx is a scam and everyone is looser is that the banks have secret software that acts like malware and hides on your PC, but no AV or spyware can detect it.

The way it works is when you take a position it informs the banks where your stop is and in a little the market moves against your stop to take you out.

It has nothing to do with being a poor trader in a fast market with high leverage, or being able to understand market dynamics, or even having excellent chart reading skills or a trading edge.

Nope. This was cloned from an alien...
Don't forget the broker's secret software when you download their trading platform...
  • #302
  • Jan 26, 2010 5:44am Jan 26, 2010 5:44am
this fx newbie is getting paranoid.
maybe i should go to Vegas instead.
  • #303
  • Mar 13, 2010 10:59pm Mar 13, 2010 10:59pm
Quoting steveshelby
Your signature, 95% of traders lose, because they go onto Forums and get taught how to lose, is a very accurate description.
Just curious to find a thread that teaches how to lose.
Maybe the reverse will help.
  • #304
  • Mar 13, 2010 11:37pm Mar 13, 2010 11:37pm
to lose is quite basic.

1 open order
2 close order
3 goto 1

... so ...

firstly - ruh roh i made a geek joke (for those who see it)

secondly - the opposite is actually how to win. i.e. undertrade, or even dont trade at all
Congratulations ScalaFX for coming out of the closet!
  • #305
  • Mar 14, 2010 12:08am Mar 14, 2010 12:08am
yes, this is one option.
but what about the logical teaching that the guy means...
i would say that if to use this option then maybe 95 tries out of 100 will
be losing ones and it is very hard to find the right 5 spots.

i believe that forum is useful is you discuss some particular subject and
through this discussion it is improved and is useful to all the discussers.
This subject can be a small part of your strategy.
So, the forums are helpful if to use them correctly.
  • #306
  • Mar 14, 2010 1:12am Mar 14, 2010 1:12am
Well, here are the reasons I have collected over the years:

1) The banks and brokers have your orders. They don't need to know who you are; your name is not important. It is about making money. They know your stop losses. They don't need a secret software on your pc. Rich friends and families of the banks and brokers will hunt your stoploss. You lose! Why would they do it themselves and get caught?

2) Since you are trading with them, they can profile you as a bad trader or a real good trader. Having statistic profile on you is a huge advantage. As a real good trader, they will give you difficult time. For example, "context busy" when they actually have multiple servers and it is not even during news time. They can also set you up with high probability entries and make you lose money.

3) There you have it: two solid reasons why 95% of all traders in Forex will fail. Believe it or not, the choice is yours.
  • #307
  • Mar 14, 2010 3:17am Mar 14, 2010 3:17am
Quoting charlyher
They can also set you up with high probability entries and make you lose money.

3) There you have it: two solid reasons why 95% of all traders in Forex will fail. Believe it or not, the choice is yours.
How they set you up with high probabiliy entries?
  • #308
  • Edited 3:52am Mar 14, 2010 3:24am | Edited 3:52am
Well, understand that banks are not poor. They know that most traders will play by the book.

Thus, the banks can move market with their deep pockets.
Is that not obvious by now?

In simple English, they can move market in such a way that gives out high probability patterns that people use everyday such as a good looking candle, a crossover, s/r bouncing, etc.......

Business is business. You play by the house rule or don't play at all. Play, but learn to play smarter. That is all.
  • #309
  • Mar 14, 2010 2:04pm Mar 14, 2010 2:04pm
charlyher,
i agree with you but not in everything.

I believe:
that stop losses are hunted and therefore hunters make sure
profits. They produce like "Please wait", "Context is busy" etc. All this works against you. They have specially programmed EAs for this purpose.

But concerning successful traders, it is worth to hunt profits together
with the trader.
All these stuff do DD (dealing desk )brokers or are able to do.
If you are in stealth mode, they receive a signal from you to close and their
EA starts tricking your closing too.

On the other hand as much as I know ECN system is different. They give
you exact entry upon your click, exact stop loss and exact profit to take.
But on the other hand they play with spread. I saw as my broker raised spread
at one moment from 1.8 to 8.3. By this way they blow away your stop losses
and also when you enter market they can take from you as much as they want. Therefore i coded in my EA restriction not to enter if spread is more than certain amount.

But, if you are successful, you are a good fish for them, they can trade with you in one direction. This theory also proves why so many are losers.

Long ago i straddled news announcements. When market was going up, I pressed buy, "Please wait", I was placed on the top, i pressed Close, "PLease wait" and i was closed on bottom. A pure loss is somebody's pure gain.
  • #310
  • Mar 16, 2010 9:45am Mar 16, 2010 9:45am
The reason why 99% traders fail is that they think they are right !
  • #311
  • Mar 17, 2010 3:40am Mar 17, 2010 3:40am
Brokers and bankers do hunt stoplosses.
They can mess with spreads and put you on hold until you start losing.

There's no denying.

However, you just go to play smarter.

My broker still owes me 85 bucks for acting smart with me.
It's not about stophunting though; it's about their system fucking up.
I may actually report them to NFA.

I doubt my broker will lose their entire business for 85 bucks.
They say they will credit me back within this week.

So, I don't think all brokers are really that bad.
There are so many factors; don't blame it all on the broker.
  • #312
  • Mar 17, 2010 6:31am Mar 17, 2010 6:31am
there is a solution comrades.

dont use a stop loss. at least that way you decide when your out, not your broker.

....and another thing. if your broker cant handle the execution when you're scalping then dont scalp with that broker. if you position trade, being out 1 or 2 pips when closing a trade matters less.
bull in a china shop
  • #313
  • Mar 18, 2010 10:08am Mar 18, 2010 10:08am
Not long ago one trader told me that about 8 largest financial institutions ( I do not want to name them here) united in their actions in the market. As many people know that Soros moved the market in his direction by open/closing big position. Same thing this institutions influence the market moves.

I believe that they try not to go against market by playing the market rules. But I admit that they can reverse the move right before it is going to be reversed. Therefore the market sometimes looks weird and for those who know its rules.

So, the brokers are piece of cake here, not a problem so far.
  • #314
  • Mar 18, 2010 10:38am Mar 18, 2010 10:38am
Quoting TJPLD
... they attach to much importance to "Trading Systems".

http://img706.imageshack.us/img706/4343/wuehltisch.png
good thread tj.
  • #315
  • Mar 18, 2010 10:55pm Mar 18, 2010 10:55pm
Maybe the 95% are paying to become forex donators,

although their first mission was to extract money out of this market,

they've got memerised by the 5% . Take it easy guys!
  • #316
  • Mar 19, 2010 9:02am Mar 19, 2010 9:02am
reson is they go systems after sytems.
they does not belive and practice what they know.
all the best guys
sho.
  • #317
  • Mar 27, 2010 12:04pm Mar 27, 2010 12:04pm
Also finished reading this tread -this is Great Thing for me. Your very clear explanations have opened my eyes. Also it is very useful to know things about trading background that stay behind charts.

I appreciate you efforts to start this tread and other people to hold it alive!
  • #318
  • Mar 27, 2010 8:36pm Mar 27, 2010 8:36pm
Traders lose because of their emotion to take impulsive trades, to get traped with their emotion when the price moving, and they always blame for system or method not to give the right trade, they trade without responsibility... It's just the loser is inside them and they don't want to get rid of
It's just my thought with no offence, take it easy on me guys...
Back to the beginning ... demo
  • #319
  • Apr 2, 2010 8:31am Apr 2, 2010 8:31am
Quoting goldtrader
Traders lose because of their emotion to take impulsive trades, to get traped with their emotion when the price moving, and they always blame for system or method not to give the right trade, they trade without responsibility... It's just the loser is inside them and they don't want to get rid of
It's just my thought with no offence, take it easy on me guys...
I think you are right with what you say.
Rules are things every trader should have in order to be succesfull if you brake your own rules, you'll see that the trade will go against you..
  • #320
  • Apr 17, 2010 7:51pm Apr 17, 2010 7:51pm
Quoting Chunnel
I think you are right with what you say.
Rules are things every trader should have in order to be succesfull if you brake your own rules, you'll see that the trade will go against you..
You need to have a fall back position if the trade goes against your rules.
0 traders viewing now