99 % of forex traders likely to lose
- Thread starter new digital
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if human brain is wired to lose, it can't not lose!
http://ibankcoin.com/hattery/wired-to-lose-the-psychology-of-trading/#sthash.zXN2GbsC.dpbs
I'd be inclined to agree with you and furthermore profitable traders may once have been part of the 80% who lost money previously. Almost like a right of passage
like the ones on this forum , who died after a few posts! Usually they boast on a forum , after a win, then they become extinct.
Greed is definitely putting more people in a losing position, but traders find it difficult to overcome this issue.
Traders who don't focus on Risk Management face failure and loose money ,Forex Trading is a kind of business where learning and experience plays vital role most of the newbies failed for being impatient and neglect the learning part they jump into direct trading even they have no demo account trading experience nor enough capital.
Greed is a very common issue here; since it’s a volatile market. Without enough practice; it’s very easy to commit with.
>> “Trading involves significant risk of loss and is not suitable for all investors.”
As traders, we see this disclaimer all of the time. But why don’t we see this same disclaimer for small business loan commercials? <<
I like this.
As traders, we see this disclaimer all of the time. But why don’t we see this same disclaimer for small business loan commercials? <<
I like this.
Exactly, there is no trusted statistics about how many traders lose. Stats are differnt for retail traders and institutional. With a small capital and a big one. Having a strategy or gambling. Gamblers really lose most of the times.Most individual traders are newbies and newbies are more likely to lose. The significant number of fails are not only in trading, but in any other industry, including business or politics. Does this mean that business is bad and no one should try it? No. Often, newbies lost their money and quit trading, so only those who overcome difficulties will remain, as in any other industry 🙂
The main reason is emotions and the fact, that first fails, push newbies to lack of self-confidence and underestimation of their own capabilities
The main reason is emotions and the fact, that first fails, push newbies to lack of self-confidence and underestimation of their own capabilities
You can’t trust 3rd party tool based trading system here; there is no way! And new traders shouldn’t buy any trading tool, never & ever!
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