90% of traders lose in the forex market, WHY?

@JJFlack
it’s a fancy way of saying BUY LOW… SELL HIGH
LOW is Weakness / Depreciation
HIGH is Strength / Appreciation

END OF LESSON

does that make sense ?

Actually here is an extended lesson

Look at this EURAUD M30
now… a Newbie would say SELL SELL SELL
No Mate…
this is Weakness… the market is FALLING, the price is dropping / Depreciating if you will

so why would you now SELL
because the trend is your friend and all that … right ? hehe

well, look at this

1 Minute chart, same instrument

it’s now started to range
if you sell this , YOU MISSED THE BOAT MATE
it’s now going to look to go up again
hence the move is… BUY LOW / BUY INTO WEAKNESS even though your Newbie Gut tells you to sell

Look here’s a practical example, i just addressed this post a little while ago

he’s wondering WHY it’s about to hit his stop loss

well OBVIOUSLY he was selling into weakness
SELLING LOW is a silly idea

you see this is how it happens

HIS POINT OF VIEW IS…
it’s going down and now there is a pull back and it’ll go down again

My MORE EXPERIENCED POINT OF VIEW IS

it went down,
it’s now ranging and it will very likely come back up again at least to the top of that high candle in the range

so LOGICALLY…
you BUY somewhere at the bottom of the range, you put a stop loss a bit lower (in case you are wrong)
and you take profit at mid way in the range to around a quarter way to the top

so… BUYING INTO WEAKNESS

but he doesn’t see it that way

AND SELLING INTO STRENGTH IS THE OPPOSITE

is that clearer now

here is the entire post

in fairness to @dudupips he got wasted last night, so it must be all the alcohol :stuck_out_tongue:
i think he meant to really hit the BUY button , but he accidentally hit the sell button hehe

In my view the whole thing is in risks. Many traders don’t pay proper attention to risk-management and as a result lose their funds quickly.

Yes, unfortunately, this is the percentage. All this is due to the fact that everyone in the market cannot make big money, and also because people don’t want to learn.

Yes, you’re definitely right. Prevalent count of newbie traders don’t want to learn and analyse market. They just hope for luck and as a result is lost money

One of the many, many reasons 90% of traders lose in the forex market, WHY?

Check back through your charts and you will see this pattern … over and over again…

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