Trading have almost 5% people who are successful. Rest 95% choose to drop it in the frst phase or the second phase of learning and experience.
So if you have made it to the third and fourth by hard work and practice you are on the right path. Not everyone is successful but hardwork and dedication will get us there. No doubt on that. We all are here to earn more than loosing.
Hey J, I would like to add, a person has to really have a “Trader Life” mentality, and love it. If knowledge is power in life, it is the life blood of trading. Traders have to know whats going on, a trader cannot just open the charts and say “ok ready set trade” because “TRO says so”.
Now I can tell who knows this just by their posts, JK is one and there are others, but most cannot adapt to the fact that you have to be “present” and “invested” mentally, and intellectually to a very high degree. For most they never get to the point where "a trade is just a trade’.
The Ever “Adapting What Is Useful, Rejecting What Is Useless, And Adding What Is Specifically My Own” VIPER
And let’s not forget commitment, dedication, persistence, patience, inquisitiveness, positive-mindedness, conviction, stubbornness, humility, flexibility, addiction to BP…well maybe that last one is an optional
If so many people are fail here then who is making profit . I own that loss ratio is very high in forex trading . It is your personal decision you want to be connected to this market or leave it. I would leave if loose much amount not wait for years to waste my investment.
It’s easy, bro. Because for somebody trading is hobby, like casino. But you can know and guys, who wanna make big money here, and only 10-15% will MAKE.
You can see the same story in every sph of life
I would question all these statistics. How is winning measured? If it’s only by profits, than your restricting an entire avenue of thought.
“Some people win by losing.” - Ed Seykota
So if losers make up the 90%, perhaps they are winners as they are achieving what they desire from the markets. The attention/action junkie could get a great kick from losing his portfolio. The naive women who victimises herself perhaps takes pleasure in the brokerage house screwing her. (Usually subconsciously)
I’m just trying to express that everything is not so black & white.
Peace
Please work on your English. (No offence) Where do you get these statistics from? 10-15% will make? Make what exactly? And again how is that even measured?
Peace and love.
- Adam
Well that is a refreshingly different perspective on the matter!!!
But I think we have to accept that the context of the thread is more specific, i.e.how many people lose money trading when their ambition had been to profit from their trading.
But I agree with you, there can be other motives why someone may trade markets even if they lose money and will still consider it worthwhile. For example. moderate losses maybe considered the cost of participating in the same manner as one spends money on a hobby (this has been discussed previously!).
There are also situations where one may be trading an account against another external interest such investments in a foreign currency or an income stream. In these circumstances one is looking at hedging functions and losses on one are offset by gains on another.
But in spite of all that, I really think we are only really limiting our thoughts to losses incurred in spite of an intended search for profit,
i guess he mean 10 to 15% of them make money and we losing
I dont think that it should care you.
Nice offtop btw
Edited as no longer necessary
True. Well if that be the case. How are these statistics measured? There are so many variables. Volume of loss, quantity of loss, demographics, economic data, educational backgrounds/standards, time of experience, instruments traded. Even gender could play a role!
I just don’t understand how various figures can be quoted, and it’s taken as sage old wisdom. Where’s the proof? It’s very possible that in a certain demographic only 40% of traders fail. It would be a treasure-trove of information if that were discovered.
Again, just identifying the shades of grey that linger.
Peace
what is not longer necessary, i just got back knife from old friend, bleeding
HI Swanface,
It is true that there are no entirely accurate data analyses to “prove” these figures, but there are some other threads here on BP that provide some statistical data that support these figures. If I remember rightly the research was done by poster called Rhody Trader based on data provided by various brokers?
Maybe someone else might remember it, or you can probably find it via the search function if it interests you?
Errrr, Now I don’t understand at all. The post I was referring to has now gone, so my post is no longer relevant? Is that not ok with you?
Here is one such thread that you might find useful:
We can learn how to make money from forex trading and still having opportunity to increasing money, although not easy and many trader fail but in fact forex business still become one great business as source of income and we trade forex because still any hope to make money online.
Because we all want to be successful and earn money. Those who drop and leave are the one who is impatient and it’s better for them to leave. The WILL to conquer is the key to success.
Of course your will will motivate you to do trading. You will compromise all difficulties faced in this way. There may be many failed attempts as you are beginner even after experience too. Not be hopeless. Once you know the art of right trading you can make many profits from this business.
The reason why people keep trading is that potential of making huge money in this market. Mainly people lose because they want to make quick and big money that is possible but require management and skills.