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Why most of traders lose on forex?

  • #21
  • Nov 30, 2016 2:36pm Nov 30, 2016 2:36pm
In my mind the main reason why the traders lose money is because the majority of people have poor self-control and cannot resist the temptation to earn more. Another reason for losing money is a lack of experience. That's why I always encourage new people to forex trading use special platforms like .
  • #22
  • Dec 1, 2016 4:36am Dec 1, 2016 4:36am
The leading causes of losses are, being unable to admit you were wrong, not respecting your daily risk limit and finally,
revenge trading.
  • #23
  • Dec 1, 2016 6:32am Dec 1, 2016 6:32am
Leverage.
20 Pips a day keeps centerlink away
  • #24
  • Dec 1, 2016 6:34am Dec 1, 2016 6:34am
because the main thing is High Volatility
Let Market Tell You
  • #25
  • Dec 1, 2016 4:32pm Dec 1, 2016 4:32pm
Quoting PaulDaemon
Leverage.
My main issue was leverage and changing to a gambling mode
  • #26
  • Dec 1, 2016 4:35pm Dec 1, 2016 4:35pm
OVER TRADING AND TRYING TO CATCH EVERY MOVE

i think this is the strongest case....

you can be good at trading but have no discipline and over trade/revenge trade - ive been there
  • #27
  • Dec 1, 2016 5:09pm Dec 1, 2016 5:09pm
If people miss these 3 things:
Â
Patience
Knowledge when NOT to trade
Know when to exit.
Â
And as a bonus - my weekly sermon
Â
Green pips all.
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Beware of robber banks (RB), bad advisors.
  • #28
  • Dec 1, 2016 5:30pm Dec 1, 2016 5:30pm
Quoting dkrock
This thread is 11 years old. Think the OP figured it out yet? You had time to go to school and learn business analysis. Hopefully, that is what you did. Most people lose because they do not know anything about analysis. But, you also have to have a temperament to gamble. If you are afraid of gambling, it can affect your reaction to trades. Once you have a background in analysis, and have determined your probabilities, it relaxes your emotional state and you become more rational. Good Luck
 
Good notice
 
The OP figured it out painfully for himself... Maybe.
Last post 29 Jan 16 and buying U/J.  
If i remember it was downhill for half a year. 
 
And you're right. It's a probabilities game. Know when and how much to enter...  And exit.
Beware of robber banks (RB), bad advisors.
  • #29
  • Dec 5, 2016 10:21pm Dec 5, 2016 10:21pm
All of them just lose because of their insufficient knowledge and experience and skills. They could gain it by lots of practice.
  • #30
  • Dec 5, 2016 11:21pm Dec 5, 2016 11:21pm
Many traders want to make the pips too quickly. They don’t even learn enough. In my case I spent good time on my demo fattening up my trading experience.
  • #31
  • Dec 6, 2016 12:29am Dec 6, 2016 12:29am
Everyone can make some winning trades but not everyone can keep them profits because trading is a life long commitment of discipline and it's almost impossible to do that.
Every trader needs an emotion risk manager
  • #32
  • Dec 6, 2016 12:49am Dec 6, 2016 12:49am
Because majority still follow threads like this:

http://www.forexfactory.com/showthre...69#post9318469

People flock to these threads like flys on shit. And thats the perfect analogy. Not just newbies either....
  • #33
  • Dec 6, 2016 6:42am Dec 6, 2016 6:42am
lack of experience and lack of knowledge and lack of practice.
  • #34
  • Dec 14, 2016 12:32am Dec 14, 2016 12:32am
I would also want to add quickly that loses sometimes are not as a result of mistakes that we made, but just unforeseen events and twist in the market. So we need to have in mind that there was nothing we would have done differently.
  • #35
  • Dec 14, 2016 12:58am Dec 14, 2016 12:58am
Psychology + Discipline + one System that you have trust in and tried in Demo + a good serious Broker (commissions instead of wide spreads).

One must to read: "Trading in the Zone" from Mark Douglas. You can find some Youtube Videos where he explains deeply why many Traders lose their Money...
  • #36
  • Dec 14, 2016 4:44am Dec 14, 2016 4:44am
Lack of mileage - not enough time spent learning how price movement works. Most aspiring traders attempt to run before they can walk. There is a solid argument argument for some people simply lacking the required personality for trading, and that is definitely relevant, but the main reason is that it takes far longer to learn how to consistently take money out of the markets than most people realize or are willing to accept. Would you be willing to allow a surgeon with only one year's practical knowledge perform open heart surgery on you? Of course not, and yet this is what the majority try to do.
  • #37
  • Dec 17, 2016 8:39am Dec 17, 2016 8:39am
mostly trade loss in forex due to lack of knowledge and lack of experience.
  • #38
  • Dec 18, 2016 4:24am Dec 18, 2016 4:24am
Fx trader may I offer this - that every platform will offer countless indicators but the most important one they miss is price action - not only price action but how you see this on the chart. Does it take years to learn - no, can you learn it in a week end - not me. It takes unlearning what you think you know and start looking at what moves the market - buy and sell orders.
  • #39
  • Dec 18, 2016 5:31am Dec 18, 2016 5:31am
every person in the world is unique, they have different perspectives, different methods of thinking .....
There are hundreds of millions of people participate in the foreign exchange market, so !!! how many people will use the same trading system you?

in the financial markets in general and in particular the foreign exchange market, there is always a group of people is: banks, investors and speculators ... they have the same goals.


this is my opinion, a long-term trader.
Trading in the zone
  • #40
  • Dec 18, 2016 6:11am Dec 18, 2016 6:11am
Quoting fx-trader777
I have question to you, what is your opinion about why only 10% of traders (may be less) can win on forex while in theory there must be 50% losers and 50% winners? I think that there are not many experienced traders on forex. After bad experience many traders leave forex, some traders' nerves do not allow to last at forex more than a year. So this 10% is well experienced traders. Personally when I was new to forex, despite I followed forex psychilogy study I could not control myself. I was emotional when losing and admired when gaining. When I won...
For example this: https://www.dailyfx.com/forex/fundam...ders-make.html
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
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