Why are most of the traders here failures? | Page 12 | Forex Factory

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Why are most of the traders here failures?

  • #221
  • Jul 10, 2013 6:39am Jul 10, 2013 6:39am
Quoting jen101
I do the complete opposite to you; I trade higher TF's with around 1:1 R:R. Slowly slowly catchy monkey...

R:R 1:1.5 area, approx 75%win rate, atleast thats the expected method performance only 1 week of live trading, looks like it should be close
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #222
  • Jul 10, 2013 6:49am Jul 10, 2013 6:49am
Quoting Turveyd
{quote} R:R 1:1.5 area, approx 75%win rate, atleast thats the expected method performance only 1 week of live trading, looks like it should be close
You should have a darn good PF then. Mine is around 2; I'm desperate to get it above 3. Got to lose the losers.
  • #223
  • Jul 10, 2013 10:09am Jul 10, 2013 10:09am
Quoting jen101
{quote} You should have a darn good PF then. Mine is around 2; I'm desperate to get it above 3. Got to lose the losers.

Mine is also around 2.3 - 2.4. Desperate to go over 3 .

Not so easy and I am trying hard
  • #224
  • Jul 10, 2013 11:31am Jul 10, 2013 11:31am
Quoting jen101
{quote} You should have a darn good PF then. Mine is around 2; I'm desperate to get it above 3. Got to lose the losers.

Need more time trading, lost a AU trade a while ago, trend was up, trend changed, but risk 30 to make 45 and works 75% area so it's all good!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #225
  • Jul 10, 2013 11:55am Jul 10, 2013 11:55am
I see higher PF equating to higher confidence. Higher confidence means less stress and you can trade a larger account and hence more $.

Quoting Turveyd
{quote} Need more time trading, lost a AU trade a while ago, trend was up, trend changed, but risk 30 to make 45 and works 75% area so it's all good!!
You have a SL/TP of 30/45 on M5? I don't have a much higher SL/TP and I trade H4 though I do use M15 for entries and D1 for overall trend. AUD is on its way up now I think. It has blasted through my trendlines and not forming any more lower lows or higher highs.
  • #226
  • Jul 10, 2013 12:42pm Jul 10, 2013 12:42pm
Quoting jen101
I see higher PF equating to higher confidence. Higher confidence means less stress and you can trade a larger account and hence more $. {quote} You have a SL/TP of 30/45 on M5? I don't have a much higher SL/TP and I trade H4 though I do use M15 for entries and D1 for overall trend. AUD is on its way up now I think. It has blasted through my trendlines and not forming any more lower lows or higher highs.

no fixed TP second position at -15 SL of 15, some run 15 pips some run 90, some go straight to SL.

Method is kinda explained in my old M15 journal, from back when I had a M15 reversal Bodge.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #227
  • Jul 10, 2013 1:05pm Jul 10, 2013 1:05pm
AUD is gaining strength and USD is strong at the moment, therefore it's likely to be choppy.
  • #228
  • Jul 10, 2013 4:06pm Jul 10, 2013 4:06pm
Quoting jen101
AUD is gaining strength and USD is strong at the moment, therefore it's likely to be choppy.

Can't win them all, no point trying, you'll just end up never trading.

GU 30mins back setup for a perfect long entry I see, missed it +80 pips area.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #229
  • Jul 11, 2013 2:12am Jul 11, 2013 2:12am
I think GU is almost ripe for a short. Resisted the 50 fib level several times on H4.
  • #230
  • Jul 11, 2013 3:38pm Jul 11, 2013 3:38pm
Hi everyone,

First post here.

Many traders fail for the same reasons which include some of the following:

  1. Trading without a Plan
  2. Money Management
  3. Failing to Adapt
  4. Unrealistic Expections
  5. Failing to Learn

  • #231
  • Jul 12, 2013 10:50am Jul 12, 2013 10:50am
Quoting starTrades00
Hi everyone, First post here. Many traders fail for the same reasons which include some of the following: Trading without a Plan Money Management Failing to Adapt Unrealistic Expections Failing to Learn
You are right, I had this experience with other traders they they are not consistent with any strategy, even if you tell them and teach them, still they don't follow it correctly and consistently.
  • #232
  • Jul 12, 2013 1:39pm Jul 12, 2013 1:39pm
Emotions.
  • #233
  • Jul 26, 2013 10:32am Jul 26, 2013 10:32am
Quoting AndrewPro
Emotions.
lol ... you really summed up the whole matter in only one word and it is a very important and powerful word. The whole difference in both forms of trading is majorly emotions.
  • #234
  • Jul 27, 2013 5:43am Jul 27, 2013 5:43am
Most of the traders are failure because of their poor or weak mindset which doesnt allow them to be disciplined enough while trading in the forex market.
  • #235
  • Aug 4, 2013 1:04am Aug 4, 2013 1:04am
Quoting Greeneyez
Most of the traders are failure because of their poor or weak mindset which doesnt allow them to be disciplined enough while trading in the forex market.
Discipline is indeed is the key to success in forex trading. Even if we have a good trade system but we are not good in following it with disciplined mind then we won't be able to make money.
  • #236
  • Aug 4, 2013 8:44am Aug 4, 2013 8:44am
Most of the traders fail when they become too greedy.As a trader you should know when to exit and when to enter the market.You need to control your emotion to be successful.
  • #237
  • Aug 4, 2013 8:04pm Aug 4, 2013 8:04pm
I can give a thousand reasons because I had everyone of them....Well, there are a thousand reasons why you fail. You can't have any weakness.
  • #238
  • Aug 5, 2013 4:36am Aug 5, 2013 4:36am
Quoting 4XWeezal
I can give a thousand reasons because I had everyone of them....Well, there are a thousand reasons why you fail. You can't have any weakness.

You don't need to learn or find solutions for a thousand reasons. If you can find solutions to money management, Psychological issues, etc you can win this game.
  • #239
  • Sep 16, 2013 1:31pm Sep 16, 2013 1:31pm
Quoting Money-RX
All are failures because they do not have the patience and experience of understanding plain charts and fundamentals. This is not trading, it is gambling without an edge to almost all here. No edge = guaranteed loss of your lunch money account. I would guess most do not even read finanacial news sources daily. Just look at some of those charts posted. They are so lit up with indicators you cannot even tell where the quote is located. I even read posts here that the U/J advanced because of RSI or some kind of Band Theory. Does anyone here know who...
Patience and experience is very necessary for every trader and we can increase our patience and experience in Forex by practising more and more in demo account and can reduce the chances of failure.
  • #240
  • Jan 17, 2014 3:29am Jan 17, 2014 3:29am
Quoting leor
Am i the only person who believes 20%-50% per quarter (months at least is a realistic goal) and why do so many traders on here say its not i know a few of individuals who are doing this and some are even achieving 35% + a month could someone explain preferably someone who's actually a successful trader if that exists on here?
Well, there is lots of reasons. One is they have been lied to by brokers and many so called guru's into believing trading is easy. People don't realize you are competing against people who have deeper pockets and many more years experience than you do.

Do you think you could perform surgery by only reading a book or buying some paint by numbers course?
Of course not!

But some people think they will be millionaires overnight by trading.

I could go on but this would be a long post.
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