POLL: Are you profitable? Is the 95% losers myth true? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1% Money Management is a myth, fib is a myth and so on.. 45 replies

Winners scale winners, losers scale losers 12 replies

The 95% of losers, it's true? 187 replies

If losers average losers, then I am a loser 10 replies

retracement of large candles - true or myth 5 replies

Attachments: POLL: Are you profitable? Is the 95% losers myth true?
Exit Attachments

POLL: Are you profitable? Is the 95% losers myth true?

  • #21
  • Oct 17, 2014 6:20am Oct 17, 2014 6:20am
Quoting radityo.ardi
{quote} Long term means you can finally think of quitting your boring main job...
When you quit your job and start living out of trading, that is actually the BEGINNING!

If in 5 years you are still making a living from trading, then you can say you are somehow making money in the longterm.

..
  • #22
  • Oct 26, 2014 7:35am Oct 26, 2014 7:35am
Quoting notimportant
{quote} When you quit your job and start living out of trading, that is actually the BEGINNING! If in 5 years you are still making a living from trading, then you can say you are somehow making money in the longterm. ..
and be good at trading strategy building. it's a long way quest.. much more fund journey.. unless you're free.
  • #23
  • Oct 28, 2014 4:46am Oct 28, 2014 4:46am
I think I've invested around $20k on online and offline and losses to the market. I've not made it back yet.
Forex Price Action Hacked - Price Action Rockstar
  • #24
  • Oct 28, 2014 4:32pm Oct 28, 2014 4:32pm
Quoting notimportant
{quote} When you quit your job and start living out of trading, that is actually the BEGINNING! If in 5 years you are still making a living from trading, then you can say you are somehow making money in the longterm. ..
Let's assume I would give you 500k to play in Casinos. Would you be profitable after 5 years?
Forex is a losers game.
  • #25
  • Dec 28, 2014 7:23am Dec 28, 2014 7:23am
That arrow tends to be me everytime. Looks like it's going to go up, I'll buy. And then it plummets and plummets.
luckily it's just puhtend monies at the mo, I daren't go live.
Attached Image (click to enlarge)
Click to Enlarge Name: Studio_20141228_131118.png Size: 302 KB
  • #26
  • Jan 6, 2015 9:31pm Jan 6, 2015 9:31pm
I can tell you for certain that most retail traders lose money.But, it's also true that traders with higher balances correlate to higher rates of profitability. If I had to pick one reason above all others why retail traders fail it would be:expectations. Pro traders try to make a small percentage with a lot of money, whereas retail traders are trying to double, triple, quadruple their funds with a few thousand or less in the account. The market is far too efficient for a novice trader to achieve those kind of outsized returns on any sort of consistent basis.

Just look at this forum to see the unrealistic expectations. How can you make 10% per month every month with low risk? It's not possible my friend, it's not a realistic goal. If retail traders were trying to make 10% per year , I am convinced a much higher percentage would be profitable.
  • #27
  • Jan 6, 2015 10:11pm Jan 6, 2015 10:11pm
A followup poll should be made...

Did you lie on the first poll?

Yes
No
  • #28
  • Jan 7, 2015 7:42pm Jan 7, 2015 7:42pm
Quoting 2+2=4ex
A followup poll should be made... Did you lie on the first poll? Yes No

Would it also be anonymous?
Freedom 30?
  • #29
  • Jan 8, 2015 1:09pm Jan 8, 2015 1:09pm
who needs a poll just look at peoples equity curve on explorer and you will come to find out that most are not profitable including me. but im looking to change that. I've studied technicals since 2003 and used to be on this forum by another name MRJTDUDE since 2007(lost password). Face it trading is HARD. Your going to lose but focus more n money management I can't stress that enough.
  • #30
  • Jan 18, 2015 4:40pm Jan 18, 2015 4:40pm
Quoting thjw
who needs a poll just look at peoples equity curve on explorer and you will come to find out that most are not profitable including me. but im looking to change that. I've studied technicals since 2003 and used to be on this forum by another name MRJTDUDE since 2007(lost password). Face it trading is HARD. Your going to lose but focus more n money management I can't stress that enough.
I appreciate someone trading longer than me - 2005~~!! I been at it a decade in May. I got in thinking this has some easy logic. All I know, is the market will do anything and everything. Its your job to identify all conditions and have a solution.
  • #31
  • Jan 18, 2015 5:34pm Jan 18, 2015 5:34pm
There is really little point voting, because profitable right now doesn't mean profitable in 10 years from now... as some people trading the eurchf have found out.

All your profit and more can be taken away in 5 mins, in one trade from madness.
  • #32
  • Jan 19, 2015 8:20am Jan 19, 2015 8:20am
Quoting nickpan
That arrow tends to be me everytime. Looks like it's going to go up, I'll buy. And then it plummets and plummets. luckily it's just puhtend monies at the mo, I daren't go live.
You need to zoom out..
..
  • #33
  • Last Post: Jan 19, 2015 8:25am Jan 19, 2015 8:25am
If you have been trading for more than 5 years and haven't made money yet, it is probably time to admit you never will.
0 traders viewing now