90% of traders lose money! True or False?
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Thread: 90% of traders lose money! True or False?

  1. #1
    I wanna find out whether the numbers is appropriate about it, so let;s state for the last 3 weeks did you
    1) lose money
    two)make money

    and in your opinion, do you concur that the only side making money on FX is FX businesses themselfs, and of course Interbanks.

  2. #2
    Quote Originally Posted by ;
    that understanding isn't required at all to turn into profitable
    .Really now. . !! . . Trading S/R levels , have been traded profitably since before you're shitting green.



    Quote Originally Posted by ;
    yeah, cause all that crap is irrelevant.
    Of course it is. . .if you invest your time jumping from 1 system into another. . .But find a solid method, and adhere with it. . .You simply may find, this crap does become applicable.

  3. #3

  4. #4
    What do you believe is the problem of beggining traders?
    I am now first time financing my live account

  5. #5
    I feel the biggest problem is that for the most part they don't have any research abilities. Inability or unwillingness to understand those abilities is problem number two.

    Quote Originally Posted by ;
    What do you believe is your biggest problem of beggining traders?
    I'm now first time funding my live account :--RRB-

  6. #6
    I know folks giving assignments on forex and they still drop money trading.knowledge isn't everything

    Quote Originally Posted by ;
    I feel that the biggest issue is that for the most part they don't have any research abilities. Unwillingness or inability to understand these abilities is issue number 2.

  7. #7
    Quote Originally Posted by ;
    I know folks giving assignments on forex and they lose money trading.knowledge is not everything
    Trading is not for everybody.

  8. #8
    I think the ideal word could be GAMBLING
    Forex Trading is Gambling

    Quote Originally Posted by ;
    Trading isn't for everyone.

  9. #9
    Quote Originally Posted by ;
    I believe the ideal word will be GAMBLING
    Forex Trading is Betting
    You are partially right but just if you doesn't have the necessary skills and egies.
    Anyhow, life is a continuous gambling

  10. #10
    I'd venture to say 90% is most likely an accurate figure.

    I'd have never believed what I'm about to type here is accurate just 3 months before, but here is:

    Generally:

    Brokers aren't screwing you again. There are too many impulsive traders on the market losing cash. They do not NEED to do it, you may do it for them. They know this. For every single trader out there cleaning them out, you will find more than enough to make up the difference. Remember, they might be giving one man 125,000 this season, but the rest of you're losing MILLIONS. I am sure the broker doesn't care too much about that man winning all the time. Besides, I have read somewhere that a lot of them will actually float an order to the true market to pay what this man is about to do with them. It makes sense, he's winning, why wouldn't they follow? (assuming his size is enough to be worried about.) Worse case scenario is they break even on him...(okay, so they maintain a few pips from spread, but whatever.) If he loses a transaction, they got the rest of you to fill in the gaps.

    Plogy is key. When you began this, you thought of becoming rich. Probably quick too. A lot of people make this look easy, and a few of those individuals trade. (In fact, an ad I'm seeing a lot states trading that the Euro is easy. It's only 2 pips. Well the rest of us know better.)

    Your first few transactions are based on a couple of things that you read. One of my very first transactions was riding a trend lineup, and it broke. It broke challenging. My reaction was Bullshit. I got angry. I attempted to get. I lost again. These kind of experiences stick with you.

    As a new trader, your first goal should be to make this money last as long as you can. Decide on a goal. Perhaps a year. Trade little enough lots it is possible.

    Also, read as far as you can. However, I must admit this: Reading about approaches is a so-so proposal. I know you will read this a thousand times, but trade what is for you. Make it your own. I believe it is a matter of refining what you research. Remember you may see certain things differently compared to the writer of the system. Loe one or two things you like about it, and build from that point.

    The most secure, and yet least used play in Forex: NEVER, and I mean NEVER trade against the trend. New men do not listen to this. (Too a lot of us are thinking....The EURO is about to fall, and I am a millionaire in 2 days for this.)

    By way of example, I'm not looking to short the EUR/USD for a long, long, time. Yes, while it is true it will pullback a couple of hundred pips from time to time, in the large scheme of things, that is not much. Pull up a daily or weekly chart and you will see what I mean.

    Another reason for only going long in this pair????

    I can only explain it like this: There are a slew of people long on this thing. A number of the people are in fact banks. Some are corporations. Some are even willing to throw millions in it to keep it up in which they need/want it. And somewhere in there, you may even add from the Russian Central Bank. The Russians are hefty inside, and may throw a lot of cash to keep it afloat. It's all plogy. They know if they could push it up 20-30 pips at a light session, (that Moscow occurs to be....and it is easier to push a pair around.) Other traders will jump on board, believing....this needs to be the bottom. And therefore, it is self-fulfilling.

    In case you've got that lots of people under you, your fall will continually be milder if nothing else. There are a lot of stops that will need to be removed before it gets to you.

    Also, most new men aren't familiar with a 50 pip stop-loss. The primary reason for this is that likely means you aren't getting much per pip. (As most new accounts are small, and really SHOULD BE.)

    Most new men aren't thinking what could be done with just 10 percent a month compounded for a couple years for example. They are thinking how to turn 2000 in to 1,000,000.

    Just a Couple of ideas...

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