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Why 95% Of All Traders Fail 202 replies

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  • #181
  • Jun 12, 2018 9:41am Jun 12, 2018 9:41am
Quoting ZikriIrfan
{quote} Yes, I think so! Short term trading is more challenging than the long term. Thank you for reply.
I think both are quite challenging, just the challenges are different in nature.
  • #182
  • Jun 13, 2018 2:29am Jun 13, 2018 2:29am
Quoting mlawson71
{quote} I think both are quite challenging, just the challenges are different in nature.
Completely agree with you, actually trading is a challenge in itself, whether its short term or long term.
  • #183
  • Jun 13, 2018 5:04am Jun 13, 2018 5:04am
Quoting maria098
{quote} Completely agree with you, actually trading is a challenge in itself, whether its short term or long term.
Any kinds of short term trading approach always challenging and it contains huge risk than others Forex strategies but if you have long term knowledge and experience , then there is a chance to bring maximal result.
  • #184
  • Jun 13, 2018 6:17am Jun 13, 2018 6:17am
every trading strategies contain huge risk , because there is no one who can calculate the real faction of this market with certainly , just ensure good money management plan and earn more profit by your trading strategy short or long term.
  • #185
  • Jun 13, 2018 9:25am Jun 13, 2018 9:25am
Quoting AdamCrist
{quote} Any kinds of short term trading approach always challenging and it contains huge risk than others Forex strategies but if you have long term knowledge and experience , then there is a chance to bring maximal result.
You don't find long-term trading challenging too? I certainly do.
  • #186
  • Jun 13, 2018 1:30pm Jun 13, 2018 1:30pm
Quoting NathanAstel
every trading strategies contain huge risk , because there is no one who can calculate the real faction of this market with certainly , just ensure good money management plan and earn more profit by your trading strategy short or long term.
in spite of having good money managing plan sometimes our trading strategies not work in a real account, it is actual Forex trading. there is nothing in here which is certain.
  • #187
  • Jun 13, 2018 2:36pm Jun 13, 2018 2:36pm
Quoting mlawson71
{quote} I think both are quite challenging, just the challenges are different in nature.
Of course, since Forex trading itself is a challenging profession; there is no easy way of money making, never & ever.
  • #188
  • Jun 14, 2018 8:21am Jun 14, 2018 8:21am
Quoting ZikriIrfan
{quote} Of course, since Forex trading itself is a challenging profession; there is no easy way of money making, never & ever.
That's true. Anyone who thinks that Forex is a way to get rich quick is, unfortunately, in for a very rude surprise.
  • #189
  • Jun 16, 2018 5:44am Jun 16, 2018 5:44am
Quoting mlawson71
{quote} That's true. Anyone who thinks that Forex is a way to get rich quick is, unfortunately, in for a very rude surprise.
It’s very common mistake by the new traders, but the reality is different; Forex is one of the most challenging profession and here is the success ratio is below 10%!!
  • #190
  • Jun 16, 2018 8:18am Jun 16, 2018 8:18am
Quoting ZikriIrfan
{quote} It’s very common mistake by the new traders, but the reality is different; Forex is one of the most challenging profession and here is the success ratio is below 10%!!
I know. I think that unethical advertising by trading companies is at least partially responsible for the belief that you'll start trading and in a few weeks you'll be swimming in money.
  • #191
  • Jun 16, 2018 10:26am Jun 16, 2018 10:26am
Quoting mlawson71
{quote} I know. I think that unethical advertising by trading companies is at least partially responsible for the belief that you'll start trading and in a few weeks you'll be swimming in money.
Exactly, I have also seen, so many scamming posts of social media, especially on FaceBook groups. They represent the trading profession with a wrong intention.
  • #192
  • Jun 17, 2018 5:03am Jun 17, 2018 5:03am
Trading is very complicated to start with. My 10 years experience has been 2 sad years and 8 extremely positive years. From a complete novice with my own money, to a prop firm with their money, to a fund, to a market maker to now my own company. My learning curve has been steep.

The problem is - most new traders don't understand what they are even looking at. "i am looking at the 1 minute chart of the EURUSD"

- Ok, so tell me what that is. Tell me what the EURUSD is.
-What are you doing if you buy this "EURUSD" what are you doing if you sell it?
- who else is involved in it?
- Why are they involved in it?
- Who makes the price for this?
- Why does the price move?

The same questions can be applied to any market.

But most people look at the market like this.

- I think it will go up because rsi is at 20
- I will close when it moves up
- I might make money

First thing to understand in trading is your market. What is is, who is involved, what might happen, where we are relative to where we have been.
If all you see is the $$$ then unfortunately you wont make any.
  • #193
  • Jun 18, 2018 9:10am Jun 18, 2018 9:10am
Quoting ZikriIrfan
{quote} Exactly, I have also seen, so many scamming posts of social media, especially on FaceBook groups. They represent the trading profession with a wrong intention.
I am always wary of ads I see on social media, especially ones which promise great profits. That's just too good to be true.
  • #194
  • Jun 18, 2018 11:20am Jun 18, 2018 11:20am
Quoting NathanAstel
every trading strategies contain huge risk , because there is no one who can calculate the real faction of this market with certainly , just ensure good money management plan and earn more profit by your trading strategy short or long term.
That's why I like investing in precious metals like gold/silver. Almost always a safe investment, especially with this recent dip! I took advantage of that dip on friday and bought a bunch of silver bars from Bullion Exchanges. https://bullionexchanges.com/buy-silver/bars
  • #195
  • Jun 18, 2018 1:52pm Jun 18, 2018 1:52pm
Quoting Bapital
Trading is very complicated to start with. My 10 years experience has been 2 sad years and 8 extremely positive years. From a complete novice with my own money, to a prop firm with their money, to a fund, to a market maker to now my own company. My learning curve has been steep. The problem is - most new traders don't understand what they are even looking at. "i am looking at the 1 minute chart of the EURUSD" - Ok, so tell me what that is. Tell me what the EURUSD is. -What are you doing if you buy this "EURUSD" what are you doing if you sell it?...
Great post, absolutely nailed on.

The majority of people are have absolutely zero idea what they're doing, ie - The 99.9% of those posting in "trading systems" section.
  • #196
  • Jun 19, 2018 9:26am Jun 19, 2018 9:26am
Quoting C-12
{quote} Great post, absolutely nailed on. The majority of people are have absolutely zero idea what they're doing, ie - The 99.9% of those posting in "trading systems" section.
I think the percentage is perhaps a little less than that, but on principle I agree, most people need years of study more before they can begin profiting.
  • #197
  • Edited 2:22pm Jun 19, 2018 1:55pm | Edited 2:22pm
Quoting mlawson71
{quote} I think the percentage is perhaps a little less than that, but on principle I agree, most people need years of study more before they can begin profiting.
If people think they can just copy some cut n paste system and make a load of cash they're in for a miserable experience.

In most cases, these system edges are far too marginal and require cut throat discipline just to grind out any kind of profits.

Others try some obscure money management techniques, like placing piles of tiny positions without stop loss across multiple cross pairs. This just ensures a slow death rather than a fast one but ultimately a blown account when they refuse to close out losers.

It's usually FOMC or big overnight news that takes all those mini positions to the woodshed.
  • #198
  • Jun 19, 2018 5:24pm Jun 19, 2018 5:24pm
Quoting mlawson71
{quote} I am always wary of ads I see on social media, especially ones which promise great profits. That's just too good to be true.
Nice to know, hope others traders will do so.
  • #199
  • Jun 21, 2018 5:36am Jun 21, 2018 5:36am
money management is key to survive in forex for long term.
  • #200
  • Jun 21, 2018 9:32am Jun 21, 2018 9:32am
Quoting ZikriIrfan
{quote} Nice to know, hope others traders will do so.
Keep in mind that major social media like Facebook and Instagram have banned ads by binary options brokers and cryptocurrency exchanges, so if you see any of those on them they are in clear violation of their rules and likely not to be trusted at all. Take care.
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