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Why do Newbies Lose?

  • #181
  • Mar 11, 2014 11:00pm Mar 11, 2014 11:00pm
It's not about newbies...

It's about people.

The question in this thread should be: "Why do people lose?"...

Answer: For the same reason people lose, and will always lose trying to beat the House in Vegas.

Albert Einstein: "No One Can Win at Roulette Unless He Steals Money from the Table While the Croupier Isn’t Looking"...

Roulette=Gambling=FOREX...
The Black Swan: The Impact of the Highly Improbable
  • #182
  • Mar 13, 2014 4:14am Mar 13, 2014 4:14am
Newbies are the start what define your future trading strategy. If everything is going well then you can abuse your luck and spoil everything. I think losing of self-control is main reason for almost 90 newbies leave the market
  • #183
  • Mar 14, 2014 4:53am Mar 14, 2014 4:53am
Quoting MapleLeaf
Roulette=Gambling=FOREX...
I don't think, that Forex is Gambling. If you can forecast trend movement, then forex can be your job.
  • #184
  • Mar 17, 2014 11:13am Mar 17, 2014 11:13am
In my opinion, the most reason that make a newbie(even oldie) lost their money is that they have no good for money management.
  • #185
  • Mar 17, 2014 4:21pm Mar 17, 2014 4:21pm
Quoting MichaelSmith
{quote} I don't think, that Forex is Gambling. If you can forecast trend movement, then forex can be your job.
You cannot predict the Future.

All indicators LAG big time. FOREX is pure randomness. When you think that you won a trade, because of a James16 candle, it actually was pure randomness, and next time you can lose. The FACT is that 99.6% of people lose long term.

All said.
The Black Swan: The Impact of the Highly Improbable
  • #186
  • Mar 18, 2014 3:34am Mar 18, 2014 3:34am
Quoting MapleLeaf
{quote} You cannot predict the Future. All indicators LAG big time. FOREX is pure randomness. When you think that you won a trade, because of a James16 candle, it actually was pure randomness, and next time you can lose. The FACT is that 99.6% of people lose long term. All said.
but some nice money can be made short term? =P

http://www.forexfactory.com/realreason#87

MapleLeaf you never showed us the official broker stats....where can we see those?
  • #187
  • Mar 18, 2014 5:44am Mar 18, 2014 5:44am
Quoting Vitez
MapleLeaf you never showed us the official broker stats....where can we see those?
He never showed you because that 99.6% number he so emphatically states that "Brokers are required to report" cannot be substantiated
  • #188
  • Mar 18, 2014 6:05am Mar 18, 2014 6:05am
Quoting MapleLeaf
{quote} You cannot predict the Future. All indicators LAG big time. FOREX is pure randomness. When you think that you won a trade, because of a James16 candle, it actually was pure randomness, and next time you can lose. The FACT is that 99.6% of people lose long term. All said.
Unfortunately, You're right, I can't(((
But there are some guys, called "exchange market analysts" that can do it)))) At least, one of them helps me to close almost 90 % of my orders with profit, even I don't know him personally (Thanks him for his job and for my cash)
  • #189
  • Mar 18, 2014 8:24am Mar 18, 2014 8:24am
Quoting MichaelSmith
{quote} Unfortunately, You're right, I can't((( But there are some guys, called "exchange market analysts" that can do it)))) At least, one of them helps me to close almost 90 % of my orders with profit, even I don't know him personally (Thanks him for his job and for my cash)

You mean, forecasts? And who is so smart? 90%? it's nice
  • #190
  • Mar 18, 2014 10:33am Mar 18, 2014 10:33am
It's Alex Bullbearg. If u need I'll send you link 2 his page
  • #191
  • Mar 18, 2014 11:09am Mar 18, 2014 11:09am
Quoting MichaelSmith
It's Alex Bullbearg. If u need I'll send you link 2 his page
GO ON, Man, INEEDMONEY)))))
  • #192
  • Mar 18, 2014 12:12pm Mar 18, 2014 12:12pm
Quoting MichaelSmith
{quote} Unfortunately, You're right, I can't((( But there are some guys, called "exchange market analysts" that can do it)))) At least, one of them helps me to close almost 90 % of my orders with profit, even I don't know him personally (Thanks him for his job and for my cash)
Quoting MichaelSmith
It's Alex Bullbearg. If u need I'll send you link 2 his page

Do you need to be that obvious to SELL HIS PAID SERVICES??? That's pure lies to sell a service.

NOBODY HELPS you to close anything. This kind of CHEAP EXPLICIT PROPAGANDA is truly awful. And that guy doesn't even do a living trading LIVE RETAIL FOREX.

Now everyone is gonna ask you about this so called "MENTOR" and Magician.

I can't also believe some people are so INNOCENT and NAIVE to even ask you about his contact.

At least learn from the other PAID POSTERS here and try to have some style with subliminal discrete messages like they do...

Ciao.
The Black Swan: The Impact of the Highly Improbable
  • #193
  • Mar 19, 2014 11:05am Mar 19, 2014 11:05am
Quoting Ctm
I agree the greed of becoming millionaire is one the most common reasons for losses in the Forex Market
Get rich quick mind will destroy the trader
  • #194
  • Mar 19, 2014 11:48am Mar 19, 2014 11:48am
Why do newbie lose ?

Answer: Because they are newbie.
Learn to Trade is Important. Keep your bias & ego aside.
  • #195
  • Mar 19, 2014 8:39pm Mar 19, 2014 8:39pm
There is probably nothing more pathetic in this "so called business", than reading a "so called PRO" of FOREX in forums, during years and years, pretending to be a winner and a BIG BRO from this scheme, and then one day... you find out he lives in a 1 bedroom rented condo, and that his main FOREX account does not even qualify for a mini account...

Well... Is there anything else to add?

Pure Reality.

Ciao.
The Black Swan: The Impact of the Highly Improbable
  • #196
  • Mar 20, 2014 4:36am Mar 20, 2014 4:36am
Quoting MapleLeaf
There is probably nothing more pathetic in this "so called business", than reading a "so called PRO" of FOREX in forums, during years and years, pretending to be a winner and a BIG BRO from this scheme, and then one day... you find out he lives in a 1 bedroom rented condo, and that his main FOREX account does not even qualify for a mini account... Well... Is there anything else to add? Pure Reality. Ciao.
It's a shame you have such a jaundiced view of forex. You are missing the point by a country mile. Yes, newbies lose because they gamble and yes, they lose because they are under capitalised, making money management difficult. Because you can't trade doesn't mean it's impossible. And no, you and I can't be right all the time.
Gone to a better place
  • #197
  • Mar 23, 2014 4:41am Mar 23, 2014 4:41am
Damn, never knew that so many traders with a very limited opinion of forex market, forex trading or chances of success in forex trading did the regular water cooler sessions in FF, which begs the question, "What the heck for?"
  • #198
  • Mar 23, 2014 4:59am Mar 23, 2014 4:59am
Quoting Forexnuts
Damn, never knew that so many traders with a very limited opinion of forex market, forex trading or chances of success in forex trading did the regular water cooler sessions in FF, which begs the question, "What the heck for?"
Because preaching to the choir is boring...
Someone who can think for himself is a rare individual in this world.
All belief systems are self referential.
  • #199
  • Mar 23, 2014 5:12am Mar 23, 2014 5:12am
Quoting MapleLeaf
There is probably nothing more pathetic in this "so called business", than reading a "so called PRO" of FOREX in forums, during years and years, pretending to be a winner and a BIG BRO from this scheme, and then one day... you find out he lives in a 1 bedroom rented condo, and that his main FOREX account does not even qualify for a mini account... Well... Is there anything else to add? Pure Reality. Ciao.
MR.MapleLeaf Forex is not random , and you can make money out of it , i have seen that your posts are very pessimistic. Forex stocks Real State even gambling itself is not very random and exhibits patterns.

All you need is to learn how to make money.
  • #200
  • Mar 23, 2014 8:53pm Mar 23, 2014 8:53pm
Quoting XharpScalper
{quote} MR.MapleLeaf Forex is not random , and you can make money out of it , i have seen that your posts are very pessimistic. Forex stocks Real State even gambling itself is not very random and exhibits patterns. All you need is to learn how to make money.
And nobody can show proof of that... And nobody can take my bet... Guess why?

I have been involved in the investment business (serious investment of REAL THINGS, not TIN AIR like FOREX) for more than 15 years (Not long enough tho), and I can tell you I have known REAL STOCK TRADERS and I have visited several times the STOCK MARKET in my city, and I can tell you that the very same STOCK BROKERS told me the truth about FOREX. Well, I actually saw the truth, but it's always great to see people with 30+ years of experience in the FIELD, telling and confirming me the truth about it.

I even visited some FOREX BROKERS OFFICES, where I have seen they PAY PEOPLE to post on forums... Or how they actually manage things there... They call themselves "TECHNOLOGY COMPANIES", because they all know that "FOREX" is a bad word, directly linked to GAMBLING and things like that.

CEO's of FOREX BROKERS are embarrassed to tell the world that they are CEO's of FOREX BROKERS. They claim themselves "Technology Innovators"... That's crazy.

Nothings of what I say is invented at all. It's all based in ACTUAL EVENTS.

Everyone... I repeat, everyone will LOSE his money LONG TERM trading in RETAIL FOREX. And NOBODY, I repeat, NOBODY can do a living trading RETAIL FOREX from his home.

So people, save your hard earned money and invest it in REAL THINGS, not GAMBLING with TIN AIR that will make you lose everything.

Ciao.
The Black Swan: The Impact of the Highly Improbable
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