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reasons why traders lose

  • #121
  • Aug 30, 2016 11:25pm Aug 30, 2016 11:25pm
Quoting gabanda
Some are lack of emotion control that caused them to do overtrading and put their trading account in danger.

Yeah that is the major reason why they lose, and they still not get used to it, they repeat the same mistakes again and again and think that it would be better next time.
  • #122
  • Aug 31, 2016 5:16am Aug 31, 2016 5:16am
Quoting GodfatherSam
{quote} Yeah that is the major reason why they lose, and they still not get used to it, they repeat the same mistakes again and again and think that it would be better next time.
That's why evaluation is crucial since we have to learn from our mistakes.
  • #123
  • Aug 31, 2016 12:18pm Aug 31, 2016 12:18pm
I think that traders lose because of the poor risk management and/or allowing emotions to overcome logic when price moves against open positions. Since they quit demo and start to run real account they face a lot of real pressure they didn’t expect. Not everyone can overcome surprise like that lossless
  • #124
  • Sep 1, 2016 6:39am Sep 1, 2016 6:39am
Quoting gabanda
{quote} That's why evaluation is crucial since we have to learn from our mistakes.
I guess we can also learn from others mistakes too as this forex trading is very professional market where we are not allowed to make much mistakes otherwise we will loose money to others.
  • #125
  • Sep 2, 2016 4:03am Sep 2, 2016 4:03am
That's a good point. I guess we could summarize that it's a good idea to learn from any source that is available to us.
  • #126
  • Sep 2, 2016 6:31am Sep 2, 2016 6:31am
Quoting mlawson71
That's a good point. I guess we could summarize that it's a good idea to learn from any source that is available to us.
Agree, make sure to take your time on learning it.
  • #127
  • Sep 3, 2016 4:50am Sep 3, 2016 4:50am
Quoting gabanda
{quote} Agree, make sure to take your time on learning it.
I agree. I've said it before, but I think that's something that bears repeating - Forex trading is a marathon, not a sprint. One shouldn't rush into anything prematurely before they're ready.
  • #128
  • Sep 20, 2016 4:39am Sep 20, 2016 4:39am
They become very emotional and forget about the trading strategy.
And remember that good strategy should be definitive (the more presice it will be the more good results will you have), consistent (put the odds in your favor consistently), verifiable (do you have a proven track record?) and objective (it has to be on what is happening on the market just now, but not on your own thoughts)
  • #129
  • Sep 20, 2016 5:43am Sep 20, 2016 5:43am
Quoting hafizmohd81
They become very emotional
  • #130
  • Sep 20, 2016 9:44am Sep 20, 2016 9:44am
Quoting vwap
{quote}

Yep...! It is the main reason of the failure of trading. You need to have proper control over the emotions and also you need to be patience and discipline to become successful in Forex Trading.
  • #131
  • Sep 21, 2016 8:45am Sep 21, 2016 8:45am
Remember this saying..."good judgment comes from experience. Unfortunately, experience comes from bad judgment."

A new trader cannot help it. The new trader has BAD judgment for a period of time. Until he has used his DEMO account to relieve himself of overall bad decisions and emotions he should not open a live account. Failure is certain
  • #132
  • Sep 22, 2016 2:06am Sep 22, 2016 2:06am
Every other thing is BS. The only reason trader are unsuccessful is because they can not manage their draw downs properly. This has two components:
1. They can not keep their losses for 2% or less
2. They have string of 2% of losses that exceeds above 5-10 trades
  • #133
  • Sep 22, 2016 5:25am Sep 22, 2016 5:25am
One more thing I think should be taken into consideration is mostly - and I stress on mostly - outside of traders' control, namely scams. They are a big reason why traders lose money. According to the Financial Fraud Action UK organization, a financial scam is comitted every 15 seconds in the UK. Between January and June were reported 1 million scams and who knows how many went unreported. A large percentage of those are comitted by forex and binary options scammers. This is why it is so important to always research who you are working with and not trust tempting advertisements blindly.
  • #134
  • Sep 25, 2016 9:32am Sep 25, 2016 9:32am
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.
True BUT WHY quit??
I like the three posts above too.
I have some discussion going in E/U thread on this....
Fact is - if you know it's rigged, then you have advantage. Don't trade nights.... Before and after news. Simple eh.
Put this view in perspective - the sea is full of sharks, so quit swimming..... Errrr?? :-0 Doesn't make sence.
So don't quit, get smarter.
GL
Beware of robber banks (RB), bad advisors.
  • #135
  • Sep 25, 2016 1:05pm Sep 25, 2016 1:05pm
i think lack of confidence , lack of information and lack of attention are the
cause of trader loss.
  • #136
  • Oct 7, 2016 1:49am Oct 7, 2016 1:49am
This is the hardest part where almost newbie traders were fail to apply it. It takes some times to be discipline (and to shape our discipline)
  • #137
  • Dec 12, 2016 2:12am Dec 12, 2016 2:12am
Quoting gabanda
This is the hardest part where almost newbie traders were fail to apply it. It takes some times to be discipline (and to shape our discipline)
discipline in trading we would have to do when running, without discipline will not be able to run a business bedrhasil in forex or could try to take advantage of a demo account first to make a learning tool by either increasing the skill and ability of trading we have
  • #138
  • Dec 20, 2016 8:53am Dec 20, 2016 8:53am
I suppose the reason why we lose is because we get overconfident. We've won a couple of times and decides to add more to our account and take bigger risks. We are blinded by our "beginners luck" - call it what you want - and do stick with our plan.
  • #139
  • Dec 21, 2016 1:22am Dec 21, 2016 1:22am
Quoting Shemly
I suppose the reason why we lose is because we get overconfident. We've won a couple of times and decides to add more to our account and take bigger risks. We are blinded by our "beginners luck" - call it what you want - and do stick with our plan.
factor in running a business losing money in forex trading is certainly not have enough knowledge of the maximum, and could not control her risk denganbaik. Do it step by step how to do the learning so that the benefit can be obtained by either
  • #140
  • Dec 24, 2016 9:18am Dec 24, 2016 9:18am
In my opinion the forex market is a probability business where did You manage a risk. If You a good risk manger then You have a profits in long run, otherwise - You loss money in this business... Risk value defines how fast You loss all Your cash or... how fast You double Your account. You define the Risk!

If You want to earn any money You must learn anything about risk control. You need to stop focusing on the perfect market analysis, perfect entry or try to predict the next market move - it's not much important at all.
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