Why 90-95% Traders are failure?

Thanks a lot for your kind information

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Your sure welcome.

The recent ESMA regulations require that brokers operating in their jurisdiction must show on their websites the failure rate of their clients. Currently, these seem to all reflect a failure rate of about 80%

As for the reasons, if you put “fail” in the search function you will find lots of threads full of suggestions why this is. This is obviously an issue that concerns many traders and therefore this question has been asked many times before.

Read, learn, and avoid! Good luck! :smile:

I second @anon46773462 . This topic has been covered countless times. Please search this question in the forum search feature (little magnifying glass in the upper right corner of your screen) and you will no doubt find many good answers to your question.

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There is really no end to this topic, as many traders still fail to heed the warning and advises provided here. I think maybe they need the reminders, we all do.

Jenny my reminder is in my equity or more aptly put my edge.

I agree, traders will fail ad infinitum, but the reasons will always be the same. All of those reasons are well discussed and saved for posterity and easily found using the forum search feature :slight_smile:

Here are the first few of hundreds of results that cover this topic. There is some good stuff in these threads, so I would encourage anyone wanting to know to read these. It will likely answer any questions you will have.


WoW krugman that was certainly a quick compendium, kewl! thx

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@midwest no problem. That was just the top 8. The list of threads that discuss this topic go on and on and on. Lots of gems in these threads if someone wants to put in the time to read them.

So, you are saying there is no easy answer…?:wink:

This is really great, thanks man. I really appreciate your compounding these posts together.

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Lack of self control, then there is lack of self control. However I think the BIGGEST reason is Lack Of Self Control.

Te Ever Focused VIPER

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Most traders are gamblers looking for a rush of dopamine when they push a button and make money. Trading is addictive. And generally most people suffer cognitive dissonance and therefore become their own worst enemy when they can’t sit down and watch their trade hit profit because of fear. Or add to losing positions cause God knows the world will end if they’re ever wrong. Most traders aren’t the smartest people in the world and I’m at the top of that hill cause I shouldn’t still be in this industry. I should have been wiped out in '08

Alright thank you so much :smiley:

Professional traders dont chase the money. They chase a trading plan and the money follows.

They know that even when they have a losing month, they will end profitable at the end of the year.

Amateurs change trading plans when they have simultaneous losing trades, they chase the money and the money stays away from them.

Hi Wahid93,

I have been trading forex since 2010. I have been successfully trading forex since 2015.
Of course this is just my opinion, but the reason I believe most traders fail, is that most traders follow the same learning path to forex.

Like Sheep, they follow the same principles and like Wolfs, the Market Makers slaughter them.

A few examples:

  1. They are taught right out of the box to minimize their risk by using SL, so they all place their SL in clusters at certain predetermined levels. Market Makers know exactly where to push the market to stop them out.

  2. They continue to use lagging indicators.

  3. They don’t take the time to fully understand Price Action, Support & Resistance, Strong vs Weak, and Money Management. (Just a few)

  4. They learn to trade forex from so called forex gurus that don’t really trade but make their living off teaching unsophisticated new traders strategies that just don’t work.

  5. They don’t want to pay for quality Education and Training. They rather learn from the internet and not from a successful mentor.

  6. They enter the Market under capitalized with a dollar and a dream mentality. They believe that forex is a get-rich-quick solution to their money problems. It takes money to make money or better yet, the amount one can earn from trading forex is relative to the amount of one’s account.

  7. I can go on and on but these are just few examples of why most traders fail.

Now we know that the numbers are not that bad.

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I have no issue with that statement, thanks.
If it were easy every one would be doing it.

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Of course, nothing is easy here. I am definitely not among the 90% because I am still in the game. I have been trading for more than 3 years. I have used various trading strategies, EAs and Forex brokers. Currently I am trading with Forexchief broker with a better spread, execution and trade conditions. i have carried over my trading strategy and success continues. it took me years to gather skills and experience. So it is not easy.

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That’s still pretty bad, no? 2-3 out of 10, means the odds are against you. I actually think that odds are not even this good.