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reasons why traders lose

  • #101
  • Dec 1, 2015 11:44am Dec 1, 2015 11:44am
Quoting ocd
{quote} Not to be mean but care to elaborate on that last sentence? Other than a trader with no control of his emotions or a really poor choice in brokers with too much lag this sentence is not valid. A demo account serves no other purpose other than training a trader. That training though is invaluable. The alternative to demo accounts are only two: 1. paper trading like in the dinosaur era 2. live trading. One who learns with a live account will truly pay for his education It is highly recommended that a trader use a demo account on any new method...
Nice and fit....
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Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -717
  • #102
  • Dec 1, 2015 9:26pm Dec 1, 2015 9:26pm
Quoting mohsinali
{quote} Nice and fit.... {image}
Nice pic, sir! It motivates us as a trader to do more for change sake. You need to challenge yourself, dare yourself to move out from your comfort zone for a better change...
  • #103
  • Dec 1, 2015 9:32pm Dec 1, 2015 9:32pm
MT4
  • #104
  • Dec 2, 2015 9:42pm Dec 2, 2015 9:42pm
Quoting lasty
MT4
What is this, anyway?
Ah, you might be mentioning the lack of using MT4 is one of the reasons why traders lose, aren't you?
Well, that's it, lack of education (and this is the worst case: no idea how to use MT4)
  • #105
  • Feb 1, 2016 9:09pm Feb 1, 2016 9:09pm
lack of good trading psychology is the cause of trader experience loss, therefore we need to have a good trading psychology that will allow us to minimize the loss in trading forex. we could use a real account with small capital to practice good trading psychology
  • #106
  • Feb 2, 2016 4:58am Feb 2, 2016 4:58am
Here is another,

"Confirmation Bias"

I consider this as an obsession to only see the information that verifies the belief one already holds about the market, whilst ignoring the warning signs. Whenever I am a bit unsure about a trade and think I have this bias, I stay out of the trade for a few days.
  • #107
  • Feb 3, 2016 8:37am Feb 3, 2016 8:37am
Lack of practice. When the trader has profit on demo account, he decides he is ready to trade on the real one. But there is a difference between them and newbie traders often understand it after the first losses.
  • #108
  • Feb 3, 2016 11:54am Feb 3, 2016 11:54am
Quoting Proximus
{quote} Without lack of knowledge how the markets work, why price moves, etc, one is not a trader but a gambler, knowledge separates a professional FX trader from a wannabe FX gambler
This was my initial mistakes that ripped my account, I wish every new trader would take this advise with caution ''Know how the market work why price moves etc and practice well before hitting the real account
  • #109
  • Feb 11, 2016 8:03pm Feb 11, 2016 8:03pm
many factors that cause the trader to experience losses that because forex is a business that has a lot of risk. Lack of knowledge, experience, skills and good trading psychology is causing traders to experience a loss. therefore, we need to learn a lot and practice trading so well that would allow us to minimize loss
  • #110
  • Aug 8, 2016 3:38pm Aug 8, 2016 3:38pm
Traders lose because it's a rigged game. You have no more chance of winning at forex than you have winning at slot machines or 3-card monte.
It's rigged, designed for you to lose. Hopefully whoever reads this will stop the madness and quit trading.
  • #111
  • Aug 8, 2016 4:36pm Aug 8, 2016 4:36pm
Traders lose because of greed and fear.

No, this is not a joke.

Greed makes the rookie trader abuse leverage. Fear makes the rookie trader hold losers and cut winners.

Control greed and fear, and your trading will take a sharp turn to the good side.
If you are good at something, never do it for free--Joker
  • #112
  • Aug 10, 2016 2:25am Aug 10, 2016 2:25am
The only thing that I really never forget of why traders are always lose is lack of discipline their lack of emotion control.
  • #113
  • Aug 14, 2016 5:50am Aug 14, 2016 5:50am
Quoting gravitist
Traders lose because it's a rigged game. You have no more chance of winning at forex than you have winning at slot machines or 3-card monte. It's rigged, designed for you to lose. Hopefully whoever reads this will stop the madness and quit trading.
If you treat it like a slot machine how are you surprised when it acts like one? There is a small minority of profitable traders and I think the reason for that is because of how honestly dumb some people are. I see posts of people using no stop loss, risking all their account on single trades and never changing a thing. That too me is pure stupidity at it's finest. Most people aren't very bright sadly. I'm not saying I am smarter than anyone or know for certain that I will become a profitable trader but what I do know is I will see some success, I will make some money out of this to put towards further goals such as starting a business because I am not someone who is incapable of disciple and unwilling to admit maybe its me doing something wrong. It's rather annoying seeing people say trading is a pipe dream when there is a 10%, 5%, 1% whatever the actual number may be that is good enough too me. The wealthiest people in this world are in the top 1%.
  • #114
  • Aug 15, 2016 1:00am Aug 15, 2016 1:00am
Why traders lose:

Phlogiston + Pareidolia
  • #115
  • Aug 15, 2016 4:01am Aug 15, 2016 4:01am
Hello! very interesting discussion!
There are my thoughts why traders lose:

1. Trader does not know the direction of the trend(up or down on bigger TF) and buy/sell in opposite direction. Hopes that price will move in direction trader imagined.
2. Trader Buy/Sell after good rally in price; like on next candle; chart patterns; moving average etc.
3. trader uses techniques/education offered by broker. I think there are not a single broker who would not be interested in getting your money.
4. trader uses only FF Forum to get some kind of education. (many of posted trading ideas are looser trades). There are free webinars available as market reviews, about techniques and etc. (google it- Morning Market briefing; FXstreet-education; Powertradingradio etc) to get more information, to know more never be bad for trading
5. Trading without stop loss, or Risk more than 2-4% of account size.
6. Trader does not know where price disbalance in Bigger TF is, where Price likely would change direction.
7. And off-course GREED and FEAR. I completely agree with #jmn5611. ( youtube- Dr. Woody Johnson)
8. Trader uses platform with huge spread. If Spread is up to 1pip - additional risk increases for 5 pips; Spread 1-5pips - Risk>=15 pips; Spread more than 5 pips- Risk 30 pips and more. Risk causes price wiggles, stopped out, missed entry etc.
  • #116
  • Aug 16, 2016 2:37am Aug 16, 2016 2:37am
Quoting lindijag
Hello! very interesting discussion! There are my thoughts why traders lose: 1. Trader does not know the direction of the trend(up or down on bigger TF) and buy/sell in opposite direction. Hopes that price will move in direction trader imagined. 2. Trader Buy/Sell after good rally in price; like on next candle; chart patterns; moving average etc. 3. trader uses techniques/education offered by broker. I think there are not a single broker who would not be interested in getting your money. 4. trader uses only FF Forum to get some kind of education....
https://www.dailyfx.com/forex/educat...ers_Make.html?
  • #117
  • Aug 24, 2016 11:19pm Aug 24, 2016 11:19pm
1. Lack of patience
2. lack of knowledge
3. lack of proper training on demo account
  • #118
  • Aug 27, 2016 7:48am Aug 27, 2016 7:48am
This is a good post for new members, or people new to forex.

I believe the biggest downfall of an account is trading emotionally. (This has been my downfall in the past).
  • #119
  • Aug 29, 2016 8:09pm Aug 29, 2016 8:09pm
9. Lack of information
10. Lack of confidence

I've personally seen too many traders who start with no info at all and lose all their money. And I've noticed that many traders lose confidence when it comes to their real accounts and not be able to make appropriate and quick decisions when needed and lose the opportunity.
  • #120
  • Aug 30, 2016 10:47am Aug 30, 2016 10:47am
Some are lack of emotion control that caused them to do overtrading and put their trading account in danger.
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