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Why do 95% of traders lose?

its more like 99%, including this entire forum, and excluding myself a possibly a few others. Why Do traders lose? #1--They don't speak the language necessary to understand the market, (no idea how the game is played)--#2--No Discipline, #3 Think they can speak Russian better than native Russians after seeing a documentary in Russian. END CLOSE THREAD
Furthermore from my experience, most losing traders:
1) Loose rather than lose.
2) Focus on an individual currency pair, rather than performing an intermarket analysis, which Is fairly easy in forex.
3) Don't understand why if EUR/USD is trending up, and USD/GBP is also trending up, than its better to go long on EUR/GBP
4) Use subjective methodology, rather than objective.
5) Never even consider statistics.
6) Focus on the price individualy, and not considering time.
7) Focus on taking profits a.s.a.p., rather than taking care of possible loses first, and then trying to get as much profit as possible.
8) Trying to predict the market, rather than follow it.
9) Attempt to profit from trend reversals, rather than continuations.
10) Have the "religious" approach - blindly believing what is told, instead of carrying out a research themselves.
11) Are close minded. Believe that patterns only exist in candlestick formations.
12) Disregard all of the above
The truth is hidden from you
Quote
I don't think anyone knows for sure

brokers have all statistics. They could tell

Quote
Furthermore from my experience, most losing traders:
1) Loose rather than lose.
2) Focus on an individual currency pair, rather than performing an intermarket analysis, which Is fairly easy in forex.
3) Don't understand why if EUR/USD is trending up, and USD/GBP is also trending up, than its better to go long on EUR/GBP
4) Use subjective methodology, rather than objective.
5) Never even consider statistics.
6) Focus on the price individualy, and not considering time.
7) Focus on taking profits a.s.a.p., rather than taking care of possible loses first, and then trying to get as much profit as possible.
8) Trying to predict the market, rather than follow it.
9) Attempt to profit from trend reversals, rather than continuations.
10) Have the "religious" approach - blindly believing what is told, instead of carrying out a research themselves.
11) Are close minded. Believe that patterns only exist in candlestick formations.
12) Disregard all of the above

interesting points. I am so noob here that I am not sure, maybe even like 99 % lose, when I do not have real people who I know that they win. I was in one live coaching, that coach siad that he make a living, its full time job for him. But we talked with students, and students say he does not look very rich. We except a coach to be above average trader who would be very rich. Or maybe very rich trader coaching price would be much higher.

As some said that forex is created for people to loose money.

Also that coach said he is watching news all day. So also it looks like too much work for so little money.

Or maybe is a kind of guy who does not like to show how rich he is to avoid criminals.
Because traders want be a milionaire in 1 day, this is the biggest problem, GREED.
"The essence of Discipline is that there are no exceptions" - Jack Schwager
95% traders are loser?

I don’t think so. Because now it is time in 2017. Trades are more profitable before than.
It’s an old statistics.
There is one option missing: mindset and taking responsibility of your own trading. You can have the best strategy in the world, and it won't mean a thing if your mindset ruins the strategy with bad money management for example. Some would say that you have to bang your head with discipline. I think it's a load of crap. Discipline is a result of your mindset in any field. Take responsibility and ask yourself why you are trading.

I simply love trading and it's complexity in so many fields. I would still trade even without making money.
I think failure is good , it teaches a lot, extra leveraged trading, imbalance of greed vs fear risk and lack of patience probably main reasons. Most of trading system works but we void them with those factors.
Never Gamble Forex
Smaller time frame then daily for trend..
Money management..
Trade fearless not careless...
Easy Return This Year: na
Quoting MarkFxAnde
95% traders are loser? I dont think so. Because now it is time in 2017. Trades are more profitable before than. Its an old statistics.
That might be the dumbest thing i've ever seen posted on this forum, and that's saying quite a lot. It's ALWAYS been the same, and if it DID change, the market wouldn't be able to function like the two sided auction it is. Here are the facts. Over 95% of people fail in their endeavor to trade. 90% of people who lose money transfer those loses to the 10% who actually make money and understand how the game is played. It's the same thing every day, and market structure has NEVER changed, ever. Which is why i emphasize LEARNING HOW THE MARKET WORKS. Why would anyone endeavor to do something if they don't understand that something yet expect to excel without hard work? It's ridiculous. People have no idea the amount of work it takes as well as extreme emotional turmoil one must go through to finally see the light. Once again, people fail because of DISCIPLINE and most importantly NOT UNDERSTANDING the GAME TheY ARE PLAYING and expecting by osmosis to suddenly start priinting money while putting their own hard earned money on the line with absolutely NO understanding of what is happening. Honestly........
I think its even more than 95%. Usually its bad MM, nerves, chasing losses... Its like a snowball effect and once it gets going its almost impossible to stop.
Quoting yesyoucan
I think failure is good , it teaches a lot, extra leveraged trading, imbalance of greed vs fear risk and lack of patience probably main reasons. Most of trading system works but we void them with those factors.
Yes I agree, most of trading system is good. But we don’t get maximal result by our trading system due to lacking of real money managing plan. So it is more important to emphasis on how to manage money in Fx.
change ur leverage to 1:1 i think
dont trade on euro / gbp untill brexit poll finished
Never watching a clean chart for a while. Rush into forex, the bag full with indicators and complex instructions, because many methods told them to do it only this way. Blinded by the so called big methods, but never get the real insight how candles form a brake, before going to change the direction.
Finding the really helpful threads is a task for a new one, because they are not on the main stage.

So the most i know from, start with many bullshit. Sorry that must be told.
Market is more simple as you think.
90% or less doesn’t matter. Mostly loser from here not only due to lack of real market principle, they lose because they try to revenge from here after a huge loss. this is the foremost reason for 95% statistics.
Quoting lancar
change ur leverage to 1:1 i think dont trade on euro / gbp untill brexit poll finished
From all trading pairs euro is mainly considered as a most usable and profitable currency. Why you dead against in euro? please explain more about
Quoting BenDunk
{quote} From all trading pairs euro is mainly considered as a most usable and profitable currency. Why you dead against in euro? please explain more about
i cant sleep in peace when i trade euro , move too fast thats it hahah
Your all points are responsible! In addition, I wanna add another point into your list, that is GREED. Yes, maximum new traders want to make huge money after joining here directly! Most of the time they select the wrong way like, buying others trading system or using signal service etc! Only knowledgeable traders are profitable here.
The stats show only about 77% lose, but marketers like to throw around the 95% number as false advertising.

The truth is everyone, 100%, lose at some point.

The 23% that make profit generally lose due to market head fakes.

The 77% that lose generally do it with a bad method that causes them watch candles, which builds anxiety, that makes them hesitate and enter late, then take profit whenever it shows up, and if it does not show up, they hold onto losers to hope they turn around.

A bad method + lack of gambling emotional control = FEAR.

23% of traders have a mechanical method they just activate, over and over. They have confidence.
77% are guessing and then anxiously reacting to every price tick. They have FEAR.

FEAR makes the 77%, but it is overcome by experience. FEAR in trading is believing something that has not, and may not, ever happen. It is natural for nearly every form of life on the planet...fight or flight. If you can reason yourself past your fear, then a lot of trading methods can work. The rule of profit is volume. You have to keep entering and exiting for an "overall" profit. Just like a basketball game is not won in the first minute, and players will miss shots during the game, and lead will change back and forth, but the game continues and the winner is the one with the most points AFTER time has expired. It is cumulative. Trading is cumulative too. Everyone loses and everyone wins. If you let fear infect your ego, it will infect your skills. Push through to get to the next level.
You cannot be extraordinary by being normal
as if fear or psychology is the first things. I think that first thing do to is to find a strategy which works. Then if you have a strategy, you need psychology to apply this strategy correctly imo.
Quoting lancar
{quote} i cant sleep in peace when i trade euro , move too fast thats it hahah
If you have problem with EURO because of its fastest movements , choose the other pair. Lots of trading currency pair in Fx. And you should choose the one which is more appropriate to the concept of trading that will be use
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