99% new trader loss and quit

Discussion in 'Forex - Currencies Forums' started by BerndFoll, Jun 15, 2015.

  1. Steve Dawson

    Steve Dawson Active Member

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    Theres always a significantly higher risk to a single investor than to a large fund, some investors will get unlucky, no matter how prepared they are. Good research into the area they wish to invest in, the study of previous trends, and an examination of the factors that will affect your chosen stocks are all good places to begin research for the new investor and should take place before any investment is chosen. Good preparation will never remove the risks entirely, but it will help to minimise them.
     
  2. anders

    anders Well-Known Member

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    The problem from an individual's perspective is that they might have just one really bad trading habit that scuppers everything else. If you trade within a group, it's easier for other's to spot the problem and correct it. That won't happen when you're sat at home on your own.
     
  3. radex78

    radex78 Senior Investor

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    I am also included as one trader beginner that many time faced with failure and get margin call account many times, but sometime I am learn from my failure, forex is always risky, emotion in trading should eliminated to keep discipline with money management and risk management, this is very important for trader before imagine about easy profit, often trader beginner they thinking forex is quick way to make profit at short time.
     
  4. kirtimeliwal

    kirtimeliwal Senior Investor

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    Many newbies in trading market lost their amount and due to this they quit, the main reason behind this is not having a proper trading plan. A well-structured plan is necessary for the trading because it provides you better guidance where to start and where to stop. It is better for the traders to take basic education about trading before entering the market.
     
  5. rakhi

    rakhi Active Member

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    The fact is that most traders, regardless of how intelligent and knowledgeable they may be about the markets, lose money.
     
  6. longtermbull

    longtermbull Administrator Staff Member

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    I think you will see many traders fall by the wayside but to suggest that 99% of traders will quit is a little over the top in my opinion. Whatever investment market you are looking at there are always some people who expect “easy money” and they will fall by the wayside fairly quickly. You then have the “real” investors some of which will overextend themselves and retreat while others will take a more long-term approach to the industry - even if their investments are often short term. Managing your liquidity is vital - do not over extend yourself!
     
  7. fxstreet

    fxstreet Senior Investor

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    99% of these traders don't quit on purpose. Most of them had no choice after wiping their account with reckless trading. They lack patience needed to learn and develop confidence.
     
  8. tradermuslim

    tradermuslim Active Member

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    There is a difference between losing and quitting. I have lost many times, but I never quit trading. 99% of new traders wipe out their account, but not all of them do quit.
     
  9. J_C_Anderson

    J_C_Anderson Senior Investor

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    Sometimes traders have no possibility to trade longer due to financial or other circumstances. For example, they need to have full-time work to cover thei daily spendings, or to create a new deposit. Of course, they say they are not quitting, but actualy they do not trade.
     
  10. tradermuslim

    tradermuslim Active Member

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    I have a full time job. I started trading with my allowances. I have no idea how long it will take me to become a full time trader. Right now, I don't have a huge capital to invest and earn more. Still looking for that Holy Grail strategy, maybe when I find it, I can take a huge risk and throw it all in.
     

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