99% new trader loss and quit

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

  1. BerndFoll

    BerndFoll Well-Known Member

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    yes maximum traders become failure in this trading field because they only thinks about making money very shortcut but they don't know that without any kind of proper preparations we can't be successful in this field and for that we should start from the basics by following the discipline acts.
     
  2. JoshPosh

    JoshPosh Guest

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    Poor analysis, or lack there of, over extending their margin, and i'll informed trades are to blame for failure. Most people get into it without any knowledge and they blow their entire accounts over night. I talked to these guys that ran their own forex company and they have said it sad to see some people blow their entire account in over night. Some people are just big time gamblers and they go into trades blindly.
     
  3. ScooterBrandon

    ScooterBrandon Senior Investor

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    What's the learning curve like? How long would I have to spend testing/training to be able to get into the market?
     
  4. jon snow

    jon snow New Member

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    Think your main problem is that in any given market 50% win and 50% lose; the balance tips towards the institutions with vast resources and information pumped directly to their screens - one man band doesn't stand a chance without contacts
     
  5. radex78

    radex78 Senior Investor

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    Often we hear about this statement if more than 90% trader loss and quit from forex business, maybe yes because forex is risky business, anyone can success and fail in all business, because each business required skill and also knowledge, but also need high dedication to survive with learning, still possible to survive in forex if treat forex as part time business, and spent money that afford to lose first before imagine easy earning, practice in demo account is useful for trader before start in real account I think.
     
  6. pwarbi

    pwarbi Senior Investor

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    I think a lot of people are after shirt term gains and aren't willing to take a small loss at the start. They forget that any form of investment is a gamble and it can go both ways, but as soon as a person makes a loss they pull out instead of seeing the bigger picture.
     
  7. radex78

    radex78 Senior Investor

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    In my view, forex trading is included as speculative investment, but this business is not gambling, because gambling relying with lucky only like as we throw coin and guessing what side these coin, but forex is business which included as risky and as trader having possibility to losing money in trades, forex also need knowledge to investing to minimize these risk, like as we are will plant corn, need knowledge how plant corn rightly and treat to avoid fail harvest
     
  8. Rainman

    Rainman Senior Investor

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    It hardly surprises me that most new Forex traders quit soon after they lose some of their money. Many people wade right in because they think making money from Forex is relatively easier but nothing is easy or else everyone would be doing it.

    http://www.dailyfx.com/forex/fundam...he-number-one-mistake-forex-traders-make.html
    It's very risky . . .
     
  9. pwarbi

    pwarbi Senior Investor

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    I think that's the issue, people think it is easy but when they first start a lot of people will lose money, usually through lack of experience and after that they won't want to take a risk again.

    Once bitten, twice shy as the saying goes.
     
  10. radex78

    radex78 Senior Investor

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    This is only statistic and maybe still doubt as real fact, but as my experience forex trading indeed risky, loss in forex trading sometime inevitable, although already trying to analyze with carefully not always trend market move like as expectation, in forex about risk management and money management has role to maintain account.
     

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