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Why 95% Of All Traders Fail 202 replies

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Why do 99% of the people who wants to be traders fail?

Everything is driven by fundamentals. I am only profitable risking small part of my account, manually cutting losses (the hardest) and trading longer term...
minrax
Quoting @40
Everything is driven by fundamentals. I am only profitable risking small part of my account, manually cutting losses (the hardest) and trading longer term...

this is yur mistake..fundamentals take time to show in charts..its long term

u are concerned with short term..technicals lead u to the fundamentals..its a leading indicator
Quoting nAVIN2007
this is yur mistake..fundamentals take time to show in charts..its long term

u are concerned with short term..technicals lead u to the fundamentals..its a leading indicator
Ok, it depends on the chosen trading strategy. Warren Buffet lost 7 years trying to make some money with technical analysis...

I didn't make myself clear in the previous post. I am not talking about the current (at this moment) fundamentals, but also futire fundamentals that could be predicted. Currencies are move by economic conditions, not by lines on a chart...
minrax
Quoting @40
Ok, it depends on the chosen trading strategy. Warren Buffet lost 7 years trying to make some money with technical analysis...

I didn't make myself clear in the previous post. I am not talking about the current (at this moment) fundamentals, but also futire fundamentals that could be predicted. Currencies are move by economic conditions, not by lines on a chart...
As an Economist and a FX Trader I agree with you. Future Fundamental Expectations are leading indicators of the X/Y currency. Lines/technical are just false/true representations of the consumer preferences. So for best performance you must use fundamentals and technicals to confirm positions. That is if you trade on the long run.

As keynes said I just..."Anticipating what average opinion expects the average opinion to be".

If you didn't know Keynes was a great value investor just like Warren B.
I don't think, that 99% of traders loose their money, simply check statistics from USA regulated brokers .. around 20 - 30% traders make money per quartal, its true, that it doesn't mean that next quartal will loose their money again ...
Hi I am a newbie trader and have a great desire to succeed in trading. At the moment I am just getting my hands dirty and am realizing how much there is that I don't know as I learn at a logarithmic rate.

The thing that sets apart my endeavor from others I have attempted to bring to fruition is a dogged determination to succeed and an avid interest in learning everything and anything to bring that about.

I feel I have a natural instinct for trading and instinctually see the discipline required to trade the market...exciting stuff to be involved in. In some ways I feel like this is what I have been waiting for.

Hope all goes well for those who are also looking to succeed, but remember to play the long game and savor the milestones of your efforts!

Glad to meet you all.
Quoting haggis
Hi I am a newbie trader and have a great desire to succeed in trading. At the moment I am just getting my hands dirty and am realizing how much there is that I don't know as I learn at a logarithmic rate.

The thing that sets apart my endeavor from others I have attempted to bring to fruition is a dogged determination to succeed and an avid interest in learning everything and anything to bring that about.

I feel I have a natural instinct for trading and instinctually see the discipline required to trade the market...exciting stuff to be involved...
Great spirit, and devotion to the business! But, sadly this isn't enough. Saying one thing is something, BEING one thing is another. Trust me, you'll only learn the biggest lessons in forex through losses, not wins, and discipline and emotional intelligence is key. Check out my trading journal if you're free, and see what i experienced.

Keep up your optimism, work hard, learn hard, employ a natural firm conviction of emotional intelligence, and you'll be fine. SHORT TERM: NO. Long term: yes.

Have I got something on my face, SOLDIER?
Quoting nAVIN2007
this is yur mistake..fundamentals take time to show in charts..its long term

u are concerned with short term..technicals lead u to the fundamentals..its a leading indicator
Good on you mate!
Have I got something on my face, SOLDIER?
Quoting gino32
As an Economist and a FX Trader I agree with you. Future Fundamental Expectations are leading indicators of the X/Y currency. Lines/technical are just false/true representations of the consumer preferences. So for best performance you must use fundamentals and technicals to confirm positions. That is if you trade on the long run.

As keynes said I just..."Anticipating what average opinion expects the average opinion to be".

If you didn't know Keynes was a great value investor just like Warren B.
I couldn't say better. I am developing a system that anticipates 8 currency pairs ( EURUSD GBPUSD AUDUSD USDCHF USDCAD USDJPY EURJPY EURGBP )
Can I ask does anyone know if the BIG GUYS like the banks and governments use automatic systems or all manual? I feel that any manual system can be made autonomic right? I've never seen or heard of any automatic system that works in the long term. I feel like most of us have tried every manual system and wind up nowhere I've recently had the most success using different systems one for ranging and flat markets one for trending I feel like no one way of thinking will win overall. But I still get hit when the market changes from one to the other
Quoting Scalper777
Can I ask does anyone know if the BIG GUYS like the banks and governments use automatic systems or all manual? I feel that any manual system can be made autonomic right? I've never seen or heard of any automatic system that works in the long term. I feel like most of us have tried every manual system and wind up nowhere I've recently had the most success using different systems one for ranging and flat markets one for trending I feel like no one way of thinking will win overall. But I still get hit when the market changes from one to the...
I don't know. If think there is a way of doing it automatically. I am trying right now to predict the currencies automatically. You can check my website if you like.
Hi all,
I've been spending many an hour on FF for the last couple of months just reading different threads - reading and reading... and reading... some of these threads extend over a year you know!!! I gather that, most "stategies" have their stengths and weaknesses, but what is important is that when you are winning, maximise your win; but when you are losing get out. What I mean is that most sucussful traders with high levels of vouchers, know that given the complexity of the market, all the fundamentals and technical analysis can't pre-determine a correct trade, but by managing risk/loss/money this environment can be used to generate an income. Warren Buffet is mentioned in a couple of the previous posts - I've been listening to his adventures recently - and I gather that he too lost ocaisionally - however he was able to become intutive in his analysis of the market; the market spoke to him. Most of the successful traders on this forum describe the market sentiment as if they are describing a relationship - they know what the market wants to do. It wants to be bearish, it wants to be bullish. Why? Because, after all the indicators and analysis if it feels over priced, or their is a strong push the market will respond! You just need to be in the market to be able to capitalise on this movement!
It is better to die on your feet than to live on your knees. Zapata.
Where can download your system?
Quoting l1ve4fun
I couldn't say better. I am developing a system that anticipates 8 currency pairs ( EURUSD GBPUSD AUDUSD USDCHF USDCAD USDJPY EURJPY EURGBP )
Want to buy your Ferrari?
Quoting MacLeod22
Hi all,
I've been spending many an hour on FF for the last couple of months just reading different threads - reading and reading... and reading... some of these threads extend over a year you know!!! I gather that, most "stategies" have their stengths and weaknesses, but what is important is that when you are winning, maximise your win; but when you are losing get out. What I mean is that most sucussful traders with high levels of vouchers, know that given the complexity of the market, all the fundamentals and technical analysis can't pre-determine...
Nice insight! I really think being in the market is like being in a relationship l ! you spend lot of time with it (charts) you get sad when market kills our positions...etc.... you just need to know the way to take care of it and be a good partner... hahah
small % off the people are wining in this business for one reason only ,,,TALENT ,,,, you can have the best system available in your hand and never became a good trader with ..some people doing well with automatic trading and other with Advance technical analysis ,,you have to find what is best on you


Quoting snakeye
Hello friends,
I have been thinking about this for a long time, yet cannot find THE answer to the question, why does 99% of the people who wants to be traders fail? What is that 1% of people that has it or has figured it out, that we cannot figure it.

After blowing a few accouts, I have been in quest to find the answer. I have read book after books, read blogs after logs, yet none of them really tells you what it is? then again if they know, they might keep it a secrete to benefit them. After all, we are talking about taking somebody else's...
Quoting qbnfred
small % off the people are wining in this business for one reason only ,,,TALENT ,,,, you can have the best system available in your hand and never became a good trader with ..some people doing well with automatic trading and other with Advance technical analysis ,,you have to find what is best on you
More than talent is understanding and eliminating all the human weakness. (Sentiments, Greed, Fear). Its funny but i always remember Terminator 3 "Desire is irrelevant. I am a machine."
Quoting gino32
More than talent is understanding and eliminating all the human weakness. (Sentiments, Greed, Fear). Its funny but i always remember Terminator 3 "Desire is irrelevant. I am a machine."
"I will terminate you"

lol being human is an advantage and a flaw.
after all we create robots and ea's and whats not to be created by us is by nature, or God. The flaw, we aint perfect we make mistakes. But we have that potential intelligence and intellect to solve them, repair them ,and be different next time around. so i think im satisfied having been created human not as an AI robot crap.
Have I got something on my face, SOLDIER?
Quoting bumapatria
"I will terminate you"
'
lol being human is an advantage and a flaw.
after all we create robots and ea's and whats not to be created by us is by nature, or God. The flaw, we aint perfect we make mistakes. But we have that potential intelligence and intellect to solve them, repair them ,and be different next time around. so i think im satisfied having been created human not as an AI robot crap.
im just saying if you think like a human on FX you get kill in secs! Buma are u guy or girl i really dont get it (No offense) .. u are everywhere right!
Emotions.
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