Consider it done!
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Perhaps following videos may help to identify the reasons why most tradersâ loose moeny.
Following article would add further insight on the topic.
âTrust me iâm a 30 year old veteranâ - any person who rambles on about a âCycle of Doomâ is just a Muppet.
I donât know what kind of insight youâre after by following these articles and watching these videos, but it most certainly isnât helpful.
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Oh comon, it wasnt that bad. Yeah he used some corny wording but he was actually correct in what he was saying.
Your trading discipline means nothing if you wonât learn volatility and how to adapt to its changes. As you are using leverage, volatility is a principal component of knowledge you have to incorporate in your studies.
Personally I find Anton Kreil (Video 1) quite refreshing ! 
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It is glad to hear that you are a 30 years old veteran. But, unfortunately, I am not 
It looks to me that you only watched the video of "Cycle of Doom" and didnât bother to watch the video of Anton Kreil and nor read the Article of DailyFx.com. Otherwise, you wonât say what you have mentioned in your post.
We all know that most of the Novice traders tried to use one strategy after another unless and untill they blow up their account and gave up. There are so many Threads on this Forum in which OPs disclosed the reasons of their failure and most of them are those which have been discussed in the video of "Forex Cycle of Doom.
In the interview with Anton Kreil, he pin pointed various reasons why Retail traders loose their money. He also compared them with the Institutional Traders and suggested various methods to become a professional and successful traders.
And the dailyfx.com article is purely research based in which various DATA source were used.
Here is an extract from the said article:
"Why do major currency moves bring increased trader losses? To find out, the DailyFX research team has looked through over 40 million real trades placed via a major FX brokerâs trading platforms. In this article, we look at the biggest mistake that forex traders make, and a way to trade appropriately."
And last but not the least, everyone has the right to disagree with the opinion of others, but he should do it in a decent way and should not use any harsh or insulting word for other fellow member.
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You may check his other videos "Professional Traders Vs. Retail Traders series at his channel âInstitute of Tradingâ at Youtube.com.
You might like it too.
I will take a look - but although I like his style, (check also âAnton Kreil annihiltesâŚâ) and the Tv Programmes where he âmentored some newbie traders - live on TVâŚâ , And mostly I like the way he explains the âinner workings of teh Industryâ
Iâm not sure he actually comes up with much to help Newbies along a positive path.and at the end of the day he is a salesman for his own courses ! - However I shall take a look at your suggestions
Yes, you are right. The main purpose of his videos are purely marketing for his courses. But I found him talking about harsh realities. He also disclosed various issues on which most of the Guru and Experienced Traders donât talk.
Im curious, do you believe there is something wrong with a trading expert selling their knowledge and experience?
Not at all - In fact if you look back, you will find posts where I argued exactly that point against someone who was asking for pdfâs of his coursework for nothing.
But on the other hand, there are a great number of people selling stuff, much of which is over-hyped and of little value - by the same curiosity - do You have a problem with my mentioning the fact that he is âselling stuffâ ?
at the end of the day he is a salesman for his own courses !
Who cares.Totally irrelevant to the conversation or to Antonâs knowledge and experience
I know you arenât marketing for Anton, which gives your comment a negative connotation. It creates an illusion that someones experience and knowledge is more are less valuable based on them wanting to market it. I think every new trader would do well to sit down and watch some Anton Kreil videos to root them firmly in the reality of trading, and I would hate to see someone pass on his videos because of the âheâs a salesmanâ mantra.
You seem to have taken umbrage at what I posted. However, I do not understand your post. Nor do I understand what I posted to upset you.
Please try again and relate your answer to my post.
Thank you
Because most people do not have necessary knowledge and skills. People come here with a expectation of making money quickly and easily. Basically they are introduced forex in a wrong way. If they have been told it will take time to learn the necessary skills, the percentage would have been different.
To trade financial markets is in order of importance: 1- Discipline 2 - Knowledge 3- Experience 4- Money.
Three steps to be a winner trader. 1- you are a losser 2- you learn to survive (sometimes you lost, sometimes you win but to blow up your account is very difficult) 3- you are a winner.
At the present i consider that i´m giving the second step.
98 percent of the traders lose money because they take forex trading easy. They think they can watch a few youtube videos and they will become an expert forex trader. This is not how it works. A trader spends countless nights studying forex trading.
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Also because we mostly hear about the positive outcomes. This is a bias we should be aware of -> itâs called the survivorship bias, you can look it up, here is a good article about it.