I think that most newbie traders end up making money initially, but eventually lose their money by over trading. The most important thing in trading is discipline and money management, more than a good trading strategy.
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DislikedI think that most newbie traders end up making money initially, but eventually lose their money by over trading. The most important thing in trading is discipline and money management, more than a good trading strategy.Ignored
DislikedSimple. An EA does not have emotions, it cant decide if today is a good day to trade, it doesn't know about current economic situations, it just does what it is told to do. Besides if there was a profitable EA taht works under every situation, we would never know about this.Ignored
DislikedThis percentage is equally bad in most other professions, so don't get alarmed....How many people succeed in sports?, Business?, Hollywood?...
Just like in everything else, the top 5% make the big bucks !Ignored
DislikedA question for you:
An EA can be coded to adhere to strict money management rules, and (being a robot) it will trade with perfect discipline.
So, if strategy is unimportant, why isn't EVERY EA profitable?Ignored
DislikedTrading for a living is possible .............last weeks results............on 2 different accounts..........slow is steady and fast is fragile........
So get working on a system you understand...................!Ignored
DislikedEA's can not see the big picture, the trend or the trend reversal and they do not know when to stay out of the market, therefore they get burned also...
Only a Human or Alien can see the changing tides and trades need to be adjusted accordingly.........Ignored
DislikedActually there is no exact number or percentage of the traders who are facing lose but they are in much excess than the winners. The winners are mostly the big traders.Ignored
DislikedI'm newbie of course. I knew FX and forexfactory only 4 months ago. I read many of articles here and i have two very simple questions. Everywhere, we see this and make it as an alert: 95% traders go with the win each year, only 5% survive. These words appearred in 70-80 decades, now all the world we have indicators, patterns, autochartist, so this ratio is true untill now? if it's right, from where we have such many people participate in FX everyday ? The second question is that do you know what legends of the FX today? ( and the sum moneys...Ignored