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90% of traders lose money! True or False?

  • #41
  • Jan 25, 2011 3:27am Jan 25, 2011 3:27am
the figures you read is untrue --- "only 10% succeed in forex" or 90% traders loose money---inaccurate

its because 80% who started forex - WILL LOOSE MONEY and they will quit it for good-- so the figures sum up al those first timers and get an average and they get the figure to 10% only ---

if they get an average % of successful traders who trade 10 plus years-they will get a whole differnt % of successful traders - i guess 40% plus .
  • #42
  • Jan 25, 2011 3:50am Jan 25, 2011 3:50am
Quoting oedipean
false : 99% lose money.
I agree
May the Force be with You
  • #43
  • Jan 30, 2012 7:46am Jan 30, 2012 7:46am
I margin called several accounts at first ...

I wonder what it means to be successful ... what distinguishes success? For example, a certain amount of gains of a length of time ?
  • #44
  • Jan 30, 2012 4:31pm Jan 30, 2012 4:31pm
Is that true when i've heard that making money in Forex market is harder than make money as doctor? I've been studying Forex in the last days but this numbers and opinions are discouraging me.
  • #45
  • Jan 30, 2012 5:19pm Jan 30, 2012 5:19pm
Yes..No..Maybe
Nearly everyone starts with a loss so the answer is obvious, 90% and more do lose money in the first few trades. However, if you know how Fx works, there's no need for you to go through the "burns" phase..
  • #46
  • Jan 30, 2012 7:05pm Jan 30, 2012 7:05pm
Um don't you guys think the 90% rule is just another manipulation to put fear in your heart?

I want to see statistics before buying into this statement. Right now it's just a mystery. Either you profit or you don't.. Who could care less about the other population. I am a single trader it's up to me and me alone to turn a positive result

Just another psychology take on this idea.

Of course nothing comes easy. Study study study
  • #47
  • Feb 1, 2012 9:18am Feb 1, 2012 9:18am
Yes, you're right. The stats should not be the sole deciding factor and of course, it pays to do the research before setting up a live account.
  • #48
  • Feb 2, 2012 5:02am Feb 2, 2012 5:02am
i believe it should be 90%...after all most of my forex colleagues blew up their first account. ive realised its mostly about psychology...knowing all the indicators and systems doest guarantee you sucess if you are full of fear and greed. get your mind right first...thats what im working on right now....either that or you have a million dollar account and trade without stoploss with small lot
  • #49
  • Feb 2, 2012 1:41pm Feb 2, 2012 1:41pm
Quoting sheerofx
i believe it should be 90%...after all most of my forex colleagues blew up their first account. ive realised its mostly about psychology...knowing all the indicators and systems doest guarantee you sucess if you are full of fear and greed. get your mind right first...thats what im working on right now....either that or you have a million dollar account and trade without stoploss with small lot
wrong approach
  • #50
  • Feb 2, 2012 11:56pm Feb 2, 2012 11:56pm
Going to second Costas rejoinder..and hey, you pipped me to it, but that's what I would have posted..
  • #51
  • Feb 3, 2012 10:47pm Feb 3, 2012 10:47pm
I was told by many that 90% loose money and so called educators will show how can i become one of those 10% . But i do not believe that after spending some time with these guys!.

I think that key is to come up with a strategy that suits your personality and stick with it for at least 3 months before giving up.
  • #52
  • Feb 14, 2012 6:40pm Feb 14, 2012 6:40pm
I think you need to be more specific. 90% of traders lose money in a matter of how long? I mean if it's the first 3 months starting trade maybe I'll agree. However I don't think a lot of people will not continue after 6months or a year after trading.

The question is not specific enough. If you say that after a year, 90% of traders are losing money I will totally disagree with that.
  • #53
  • Feb 14, 2012 11:08pm Feb 14, 2012 11:08pm
I agree with someone who said, 90% of traders lose money is a made up statistic by the "gurus".


Let's face its the gurus that are getting rich, not the people who are genuinely interested in trading markets. A 3 day course cost $3,000?? You got to be kidding. Some people would just pay thinking "it could be a good investment".

Let's get real. If you want to get real education, get it somewhere that is regulated and well-known. A reputable university would be a good place.

90% of traders lose money partly because of these fake gurus. So stop paying for fake education.
  • #54
  • Feb 17, 2012 8:23pm Feb 17, 2012 8:23pm
Quoting doman
What do you think is the biggest problem of beggining traders?
I am now first time funding my live account :-)
Beginners are very impulsive. That impulsiveness most likely leads to losses. Take time to do a research first before jumping to forex trading. Always remember that patience, knowledge and strategy is the key for successful trading.
  • #55
  • Feb 25, 2012 9:08am Feb 25, 2012 9:08am
Quoting DreamBigger
I think you need to be more specific. 90% of traders lose money in a matter of how long? I mean if it's the first 3 months starting trade maybe I'll agree. However I don't think a lot of people will not continue after 6months or a year after trading.

The question is not specific enough. If you say that after a year, 90% of traders are losing money I will totally disagree with that.
Guys, let's be simple. 90% of traders loose money constantly because they fail to follow one simple rule - to place stop loss.
  • #56
  • Feb 25, 2012 9:16am Feb 25, 2012 9:16am
Quoting PurplePrince
Beginners are very impulsive. That impulsiveness most likely leads to losses. Take time to do a research first before jumping to forex trading. Always remember that patience, knowledge and strategy is the key for successful trading.
I've been in trading for more than 10 years, mostly in options trading, and I'm still impulsive. I've just learned how to keep it under control. I agree with you that you'd have to be patient and have good strategy.
  • #57
  • Feb 25, 2012 9:29am Feb 25, 2012 9:29am
Quoting Pommegranate
Guys, let's be simple. 90% of traders loose money constantly because they fail to follow one simple rule - to place stop loss.
Just employing a stop loss will not make a failing trader become a winning trader. If it were that easy then we could just automate any kind of strategy and use a stoploss and make a fortune => doesn't work.
  • #58
  • Feb 25, 2012 10:42am Feb 25, 2012 10:42am
simple....most fail coz of failing to let winners run and cut losers short.
Trading and being born again are the two of the most difficult things.
The things i want to do,i do not;but the things i want not to, do those i do!!!!!
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #59
  • Feb 25, 2012 10:47am Feb 25, 2012 10:47am
Quoting pemully
simple....most fail coz of failing to let winners run and cut losers short.
Trading and being born again are the two of the most difficult things.
The things i want to do,i do not;but the things i want not to, do those i do!!!!!
well, that is also not the answer. Why do most moving average crossover systems not work? They do excactly what you described: cut losers short and let winner run. And yet, they are not very profitable over the long-term (except you have a really trending market). Again, if it were that easy, we could just automate it and make everybody a millionaire in no time. But it is not that easy.
  • #60
  • Feb 25, 2012 11:09am Feb 25, 2012 11:09am
Quoting Custos
Just employing a stop loss will not make a failing trader become a winning trader. If it were that easy then we could just automate any kind of strategy and use a stoploss and make a fortune => doesn't work.
I wasn't saying that placing stop loss orders will make you a kick ass trader. It will help you to survive much much longer and adjust your strategy. Otherwise you gonna blow up very shortly.

Trading was and never will be a simple business.
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