A number of novice traders start their trading with a wrong mentality, yes they want to earn huge amount of money automatically! As a result, they start their trading with huge damages and then leave! But I see, pro traders are very silent here! I am not sure about this popular statistic; but I believe knowledgeable traders can make money here quite comfortably!
Huge damages… That was so call money… Nobody pointed a gun on their head to tell them to trade with so much amount. It the same as putting all eggs in one basket… Y don’t they think of trade abit by abit n add up will b alot too… Just do more trade will do… Add all the pips up together it means alot… Trading need patient… Even trading for breakout… Alot traders when see breakout they straight away got nervous, quickly place a trade but who know prices went against them… N stop them out. Don’t b nervous when trading. Just relax, as even for break out price will always pull back. Below is a example of my trading platform which happens just now, just wait to yr the price to go up to the max. It will stay on the tip top for awhile. Than it b a great time to place trade. Don’t b greedy don’t throw huge amount don trade to large size… Bit by bit alot means so much.
I can’t say that exactly this percentage of traders loses money, but judging by myself, at the beginning I drained a lot, I started trading in the plus after six months or more, so maybe this statistics is really truthful, it’s just that not everyone can hang in there long enough.
You will NEVER find a PERFECT broker. Everyone has its flaws and advantages. As far as I know scalpers and pipsers are always unhappy. They always сomplane that fulfillment is bad.
Erm…not all…I’m a scalper…and I’m happy with my result.just that I want to know what strategy other trader using.n I can learn more about it
Whether you’re a successfull trader or not, there will still be unlucky deals and I can’t agree with those who say that they trade without drawdowns completely, that means they don’t trade at all.
Those who’ve been trading over a year never trade with a negative balance. It’s newbies that can drain deposits quite actively.
Forex market is a platform where money is transferred from impatient to patient so we can easily say that 90% of traders are lacking patience and want to make quick money and in this process they lose.
95% of daily traders loss money to 5% of investors who are more patience, more knowledge and more experience.
[1] - Just daily traders, or was this posted in hast?
[2] - Investors, traders and speculators are three very different identities. Retail clients are for the most part speculators, never trading anything; simply placing a bet with the retail broker. These bets are never passed onto the market as trades.
This gives an entirely wrong impression of what actually happens.
The vast majority of retail traders trade through brokers and probably 95% of those 95% who lose actually lose to their broker, who is their counterparty. They do not do transactions directly with other investors.
Even with ECN, the trade is passed through to a liquidity provider who is usually a market-maker bank, not an investor.
Yes, indeed, retail traders lose because of a lack of patience, a lack of knowledge and a lack of experience- and a lack of other things, too.
But they lose because of their own inadequacies (which can be rectified), not because they are beaten by the superiority of other investors. You do not need to be better than anyone else in order to succeed - you just have to be good yourself. That is the beauty of trading such markets, we are all on the [I]same [/I]side…
what do you think about forex analytic? do you use it in your trading?
This is very, very wrong. Those two groups are not even in the same marketplace as each other, so there’s no issue of one them “losing money to the other”.
I also believe this statistic, because maximum new Forex traders start their live trading so early without enough demo practice, so they haven’t enough plan on live trading! As a result, they lose their real money!
What about the other 5% of traders? Or do you think they’re the 5% investors?
I believe trading is not just look at the chart by doing technical analysis, far more important than both technical and fundamental analysis would be emotional control, patience, and other inner skills
So, Good Luck
H2TForex
While all these things are important, you must have an edge to be successful in the financial markets.
indeed, you have these skills , you are able to make money at any financial market
I think one reason is that a lot of brokers (partially intended) use marketing ads that will attract people that want to get rich quick, which make them an easy pray for experienced and skilled traders who are disciplined and put a lot of effort in becoming what they are. This seems fair to me. In Austria we say SSKM “Selbst Schuld kein Mitleid” (engl. OFNP - own fault no pity). But what do i know i am just a Noob ;-), Nevertheless, i am determent to work hard to be on the winner’s side, i will stick to my demo account til the market judges that i am fit for live account. Will the pips be with me :-D.
Greetz
I got question about synthetic lock… I got if I open the transaction that takes more than 2 minutes and decide to put the lock, this lock doesn’t break the rules, right? Or synthetic lock is a lock that opens at the same second with a single transaction?