Arrogant advice
Medlem sedan Feb 22, 2011
4862 inlägg
Nov 17, 2017 at 11:28
danas76 posted:where did you get such numbers?
now 80% loss and 20% gain, every years more traders gain money in forex
Medlem sedan Feb 22, 2011
4862 inlägg
Nov 17, 2017 at 11:28
Mohammadi posted:Good advice.
A number of novice traders start their live trading too earlier before completing their task in demo! That’s the main reason of 90% faultier statistic in Forex! I see, which traders are making right now handsome money in their live account, they all of used their demo account more than one year! So, if you want to enjoy their live trading, spend enough time in your demo!
Test your trading plan on demo
if you succeed trade live
otherwise you loose money
Nov 20, 2017 at 07:40
That statistic is also false and taken out of context, I love when people throw that around, 95% of NEW traders lose money in their first year, and nearly 100% of traders blow their first account, but in context (overall) In a study done of all active accounts from US brokers, approximately 38-40% of traders make money, now while it is true the majority of DAYTRADERS lose money through the course of the year, due to staring at charts all day which causes them to make silly decisions, many many swing traders are profitable. The fact is, you have to do research behind that statistic before you through it around as an absolute truth, if you want to use forex as a full time income, it is far easier to do it as a swing trader, then a day trader, and making 8% a month isn't very hard to achieve (not every month of course, summers have lower volatility and the second half of december you should just take off from holidays) but as long as you adopt the slow and grow approach, make no more then 2 trades a day, and never have more then 4 trades running at a time (preferably no more then 2 running at a time so you are able to properly monitor and manage the trades) then you will be fine. Another statistic is among all retail traders, 60% of all trades make money, and 40% lose money, if everyone used proper risk management, everyone would make money, of course there will always be imbalance as more traders have to lose then win so that people are able to make profits, but you get my point I assume, just as if you dont
Slow and Grow or Fast and Blow
Medlem sedan Feb 22, 2011
4862 inlägg
Nov 20, 2017 at 07:48
can you post such study which results are completely different form every othe study?
xxx
In a study done of all active accounts from US brokers, approximately 38-40% of traders make money
xxx
xxx
In a study done of all active accounts from US brokers, approximately 38-40% of traders make money
xxx
Medlem sedan Jan 25, 2010
1360 inlägg
Nov 20, 2017 at 18:24
(redigerad Nov 20, 2017 at 18:51)
'What separates those who go under and those who rise above adversity is the strength of their will and their hunger for power.'
- 50 Cent
'But long before reaching Havona, these ascendant children of time have learned to feast upon uncertainty, to fatten upon disappointment, to enthuse over apparent defeat, to invigorate in the presence of difficulties, to exhibit indomitable courage in the face of immensity, and to exercise unconquerable faith when confronted with the challenge of the inexplicable.'
http ://truthbook.com/urantia-book/paper-26-ministering-spirits-of-the-central-universe
- 50 Cent
'But long before reaching Havona, these ascendant children of time have learned to feast upon uncertainty, to fatten upon disappointment, to enthuse over apparent defeat, to invigorate in the presence of difficulties, to exhibit indomitable courage in the face of immensity, and to exercise unconquerable faith when confronted with the challenge of the inexplicable.'
http ://truthbook.com/urantia-book/paper-26-ministering-spirits-of-the-central-universe
Medlem sedan Jan 25, 2010
1360 inlägg
Nov 20, 2017 at 19:00
'The test is to recognize the mistake, admit it and correct it. To have tried to do something and failed is vastly better than to have tried to do nothing and succeeded.' - Dr. Dale E. Turner
Nov 21, 2017 at 07:42
Slow and Grow or Fast and Blow
Medlem sedan Feb 22, 2011
4862 inlägg
Nov 21, 2017 at 15:44
TheSlyFox posted:
https://www.financemagnates.com/forex/brokers/q4-2012-forex-traders-profitability-report-us-forex-market-keeps-losing-brokers-and-accounts/ Here you go
well the data are not relevant
A. they are 5 years old
B. it covers just one quarter
C. it counts accounts not traders
D. only US traders and couple of brokers
The fact traders are loosing money lead to fact that US has drastically decreased leverage and China bans margin trading. Point.
Medlem sedan Apr 11, 2015
38 inlägg
Nov 21, 2017 at 15:47
Just like to add.
With fintech enablers like copy trades and autotrades, many new or inexperienced traders are piggy backing on good traders and makng profits instead.
With fintech enablers like copy trades and autotrades, many new or inexperienced traders are piggy backing on good traders and makng profits instead.
Nov 21, 2017 at 15:52
Thank you for the link. These stats look interesting but they are quite old...
I think we cannot simply throw numbers without specifying the group of people they relevant 😄 It's interesting to see how much of the well prepared new traders actually become successful, excluding the hazardous majority that take trading like going to casino.
I think we cannot simply throw numbers without specifying the group of people they relevant 😄 It's interesting to see how much of the well prepared new traders actually become successful, excluding the hazardous majority that take trading like going to casino.
Medlem sedan Feb 22, 2011
4862 inlägg
Nov 23, 2017 at 07:37
TradingtheCloud posted:@TradingtheCloud
Just like to add.
With fintech enablers like copy trades and autotrades, many new or inexperienced traders are piggy backing on good traders and makng profits instead.
Good point.
Nov 24, 2017 at 11:32
I agree that is a good point and something I overlooked, also the stats I gave are updated every single quarter just takes a bit of searching to grab them, the US brokers are required to give their traders profitability figures.
Slow and Grow or Fast and Blow
Medlem sedan Oct 08, 2016
58 inlägg
Jan 30, 2018 at 10:26
If you want to earn very rapidly from this trading place first of all you have to acquire most powerful analyzing trade knowledge by learning. so, it would be great if we choose the broker which always ensures exclusive educational facilities.
To change your trading result, just change your thinking.
Medlem sedan Feb 22, 2011
4862 inlägg
Jan 31, 2018 at 07:39
PriceAction13 posted:
If you want to earn very rapidly from this trading place first of all you have to acquire most powerful analyzing trade knowledge by learning. so, it would be great if we choose the broker which always ensures exclusive educational facilities.
Broker's educational facilities are not important. There are plenty of resources. There are many other factors that should affect your brokers choice.
Medlem sedan Aug 11, 2017
886 inlägg
Mar 30, 2018 at 12:40
If you can learning Forex accurately of course you will be benefited, it’s a common message. And we beginners don’t get motive by means of this as usual suggestion to continue Forex trading. Can you please add advanced level message instead of this ?
Medlem sedan Feb 22, 2011
4862 inlägg
Mar 30, 2018 at 19:27
Mohammadi posted:
If you can learning Forex accurately of course you will be benefited, it’s a common message. And we beginners don’t get motive by means of this as usual suggestion to continue Forex trading. Can you please add advanced level message instead of this ?
@Mohammadi
dont take it personally but none of your post make any sense. Perhaps you use google translator, perhaps you are a bot, I dont know.
The point of this topic is simple:
traders are loosing money
it would be better to take that money and take care about the family
Medlem sedan Aug 11, 2017
886 inlägg
May 20, 2019 at 10:02
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
May 20, 2019 at 16:40
the market is simple 1% is winning
9% is trade breakeven
90% lose in trade
if you whant to be in the 1% percent than
you have to learn how to trade.
en work hard on it en hope you are capable to
understand the real flow of the market .
also not always go blindly follow peoples .
9% is trade breakeven
90% lose in trade
if you whant to be in the 1% percent than
you have to learn how to trade.
en work hard on it en hope you are capable to
understand the real flow of the market .
also not always go blindly follow peoples .
i trade to make money not to be right
