Why 90% of retail traders fail...
Sep 07, 2015 at 14:47
PowerPips posted:
Trading is easy. [...]
When you think Trading es easy, so you can trade. ;-)
That's the most reliable indicator. But first you can trade and then you get the feeling that trading is easy.
It's the same with a lot of other things in life , for example driving car etc.
Trading should feel easy. Especially with respect to you emotions. You should be cool while trading.
The biggest risk is not taking any risk.
forex_trader_137597
Mitglied seit Jul 04, 2013
88 Posts
Sep 08, 2015 at 17:10
too much leverage :)
Sep 10, 2015 at 06:08
I believe that here, one should distinguish real traders from one day traders (or so-called traders). Please agree that becoming a successful experienced trader is a long and difficult way, and those who try to get rich in a couple of hours are just crazy. of course first of all it is needed to learn, invest in yourself, retrieve lessons out of failures, and make your success step by step, even if you sometimes feel very upset and don't have the wish to continue. I think that those creepy 90% (or even 95%) fail exactly under such circumstances. I also agree that high leverage without risk management just blows newbies' accounts away
Real defeat comes when you give up
forex_trader_137597
Mitglied seit Jul 04, 2013
88 Posts
Sep 10, 2015 at 08:26
Lagurteng posted:
I believe that here, one should distinguish real traders from one day traders (or so-called traders). Please agree that becoming a successful experienced trader is a long and difficult way, and those who try to get rich in a couple of hours are just crazy. of course first of all it is needed to learn, invest in yourself, retrieve lessons out of failures, and make your success step by step, even if you sometimes feel very upset and don't have the wish to continue. I think that those creepy 90% (or even 95%) fail exactly under such circumstances. I also agree that high leverage without risk management just blows newbies' accounts away
I agree with you Ognen, It is a hard and anyone who wishes to make profit in Forex needs to be determined and willing to learn the hard way. No successful trader has not gone through the hard lesson of losing several times , but they stand up and try again. Many people do not have the determination or do not focus enough of the technicalities of the Markets.
Mitglied seit Feb 22, 2011
4862 Posts
Sep 11, 2015 at 11:09
FX-Parity posted:Greed
Check out the blog - you might like it :)
https://fx-parity.tumblr.com/
Lack of patience
Lack of understanding
There is nothing like free lunch:)
Sep 11, 2015 at 12:56
There are lots of wise answers represented here. I have noticed that many new traders misbehave one wise rule provided by many brokers: Do not put more money in a broker that you cannot normally live without. Whi it is so disregarded, I wonder?..
Mitglied seit Oct 02, 2014
909 Posts
Sep 12, 2015 at 18:06
Don't take from the acc regularly. Compound.
Positivity
Mitglied seit Jun 05, 2014
35 Posts
Sep 13, 2015 at 06:03
over leverage, no tracking of performance, trade on emotions.
It's all in the mindset.
Mitglied seit Sep 12, 2015
1948 Posts
Sep 13, 2015 at 06:05
FusionPRO posted:
Greed, fear, inexperience and a combination of the three.
There are many reasons why so many traders fail,first off id question this figure of 95%,I think it is less,its used by the media to scare people into getting worthless training by so called experts.Secondly what they teach has little use in the real market,too much technical analysis ,poor planning on risk,2% max per trade should be the limit,tight stop losses,no doubling up on loosing trades,over trading,stick to one product and become a specialist ,then you can try a second product,before you trade get an overview of the market-positive or negative ,look at the indices related to what your trading.If you like stocks,pick one stock and do your homework on it,then wait for it to get cheap,if you can trade with a true ECN you wont have your broker trading against you.Watch out for support and resistance areas ,its nice place for knocking out your stop loss.
"They mistook leverage with genius".
forex_trader_242051
Mitglied seit Apr 15, 2015
55 Posts
Sep 14, 2015 at 08:51
because averyone wonna fast profit and they start to open every minit big lots and blow up / especially sure after some profit they hope that profit come again :)
Mitglied seit Sep 12, 2015
1948 Posts
Sep 15, 2015 at 09:48
Trading is no get rich quick scheme,unless your extremely lucky and the right place and right time,if you protect your profits you have a chance.
"They mistook leverage with genius".
Mitglied seit Sep 12, 2015
1948 Posts
Sep 27, 2015 at 05:56
We have to take advantage of other peoples fear and greed.
"They mistook leverage with genius".
Mitglied seit Aug 17, 2021
94 Posts
Oct 30, 2021 at 12:56
This brings us to the single most important reason why most stock market traders fail to generate money: a lack of understanding. They also use solid money management procedures, such as a stop-loss and position sizing, to guarantee that their investment risk is minimised and returns are maximised.
Mitglied seit Jul 23, 2020
759 Posts
Nov 05, 2021 at 17:12
Why 90%. I am seeing this ratio for a long time. Why isn’t yet improving?
Mitglied seit Jul 23, 2020
869 Posts
Nov 11, 2021 at 15:21
Traders fail especially newbies due to a lack of knowledge and experience.
Mitglied seit Dec 10, 2019
18 Posts
Jan 13, 2022 at 19:46
Everything because these traders don't have enough knowledge, skills and experience. Basically, the same happens in any other activity, where people don't want to acquire knowledge and just want to make money work on them, while it doesn't work like that. Money always works on those ones, who made some efforts in their life in order to earn this money, ot on those ones who don't care about money at all. In my opinion, it's a real gift from a nature, when you're like a magnet to money. I guess we have to keep closer to such people, because they're pretty useful. Anyway, 90% of traders fail because of lack of desire.
