Interesting, I don't usually see intuition included among trading advice. I guess that does require a lot of experience, it sounds like intuition and emotions could sometimes be confused.
why most traders lose money ?
- Thread starter HFStrader
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yes, plenty of time sitting in front of charts. So, if your trading strategy requires you to enter a trade when 2 conditions are met, we all know that we can't win all the trades, & if there is something wrong & you've developed that intuition, you'll feel it, & stay out. On the other hand, if you're staying out of the trade, even after the 2 conditions are met, out of fear, that is emotions.
Mostly traders just rush to get rich overnight, which is practically not possible in forex. They lack the necessary skills, patience and the type of knowledge required to achieve success through trading, which puts them in a position of failure, nothing else.
Over leveraging, improper risk management and treating trading like gambling and not a as business. Mindset is 90% of trading and the hardest thing about it to master. Also, there is a TON of free information out there, designed specifically to teach you the WRONG way to trade, to keep you at the mercy of the banks and institutions.
I believe most of the traders lose because they have unrealistic expectations from the forex market, they dream of doubling their money in a very short time span which is a huge misconception. Practice and patience is what is required in reality to be profitable.
Agreed, maintaining discipline is very important to get better results in trading. It also helps in having control on emotions.
Several reasons like not being educated enough, using too much leverage, bad strategy, relying on signals, not keeping up with the news, risking too much, not using stop loss, trading with the wrong broker and being subject to things like above average spreads, etc.
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