'For the market to work, it needs people who think that they can beat it.'
Why 99% of traders lose money 439 replies
Why you lose money and will always lose 31 replies
Why most of traders lose on forex? 43 replies
The reason why 95% of new traders consistantly lose money 203 replies
Real Reasons why Retail Traders lose money 75 replies
DislikedThe 90-95% statistic actually has suffered from Chinese whispers somewhat. I believe I read originally that this stat referred to the amount of people don't make enough money to do it full time, so it would include break even traders, and those that make tiny profits.
I will dig up where I read that at some stage.Ignored
DislikedEven then though, how could they possibly reach that conclusion given how fragmented the data is and how different costs of living are across the planet?
Totally impossible to even get close to being sure of your ground I'd say.Ignored
DislikedIf you are talking about the FX markets, then you are 100% correct. That saying though comes from the regulated markets, with brokers who are obligated to report regularly. It also comes from a long time ago, although I doubt things have changed too substantially.Ignored
DislikedSure mate, yeah I was talking about FX, that's all I trade and the reason we are all on here I guessIgnored
DislikedIt boils done to education. How many traders do you know understand basic concepts of Economics? Not many!
Capital market investing should be looked upon as the same as the Medical or Legal field. It takes years of study and practice to hone in one's skill set.
Put me in a the middle of a surgery, uneducated nor skilled, and I'm bound to kill the person on the table. Place me in the middle of a courtroom, to defend someone's innocence, they're going to jail because of my ignorance for general law practice and/or procedural knowledge.
Same...Ignored
DislikedAccording to me, the most common reason behind loosing money by traders in forex market are :
Low start up capital
Failure to manage risk
Greed
Indecisive Trading
Trying to pick tops or bottoms
Refusing to be wrongIgnored
DislikedIt boils down to education. How many traders do you know understand basic concepts of Economics? Not many!
Capital market investing should be looked upon as the same as the Medical or Legal field. It takes years of study and practice to hone in one's skill set.
Put me in a the middle of a surgery, uneducated nor skilled, and I'm bound to kill the person on the table. Place me in the middle of a courtroom, to defend someone's innocence, they're going to jail because of my ignorance for general law practice and/or procedural knowledge....Ignored