Why 90% of traders losing their money?

@therealInsideBar

I do understand what you mean and again I agree.

But you don’t need 1970’s like trending markets to make money - as I am sure you know

There are always inefficiencies in the market that can give us an edge.

For own my part though forex is my least fav market and I find most TA average at best

My fav approach are inside bar type strategy - which I’m taking a wild guess you use to?

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LOL, yes indeed my friend. But its after years of statistic analysis not technical that I use them.

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Exactly my sentiment as discussed in other threads here on BP… You will have far greater success trading the ebb and flow of the currency markets… Learn to profit from the markets randomness…

FX’s erroneous educators leave newbies relying on guess work alone…

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I afraid your thoughts might be lost on masses. I hear you but :100: :+1: :facepunch:

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if u have only one problem as discipline why not automate ur strategy?

If you don’t have discipline then there is no way you’ll have a strategy little know the ability to automate it.

And what is this concept of discipline. It is an abstract intangible perception taught by the “educators” used as an excuse so people don’t have to take responsibility for their actions. In speculating you need no more “discipline” than that of the modern workplace

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trading is not about talking is about making money I really dont understand what are u talking about my friend good luck

Didn’t think you would my friend. Lets replace discipline with passion and desire then. Make sense now?

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Passion is good we all need passion :wink:

No Strategy, No Risk Management, No Discipline. In general…no idea.

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So tell us why you’re here then. You left, came back, tell us BP is all scams, you’re moving away from trading FX, but… you’re on a FX beginners website because…?

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Most people think that they’re playing against the market, but the market doesn’t care. You’re really playing against yourself :wink:

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It seems that you know what you are talking about, hah, thanks

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Believe me, I am asking myself the same question. Its certainly not to save anyone from themselves. I care not for any of you. But maybe, by trying to help just one person, it will trigger a lost memory or a-ha moment to bring my skillset back on line. Maybe by sharing my knowledge someone else will have their own a-ha moment. Maybe you might just question the things you have been taught.

And yes BP is a scam. You honestly don’t think they the owners put this all together for the love of it. My guess is they have never opened a live contract. There is much much more easier money selling the get rich scheme that there is practicing it. Did you know the engine room to BP is actually run out of the Philippines. Follow the money bro.

Educating yourself about the market is much like analyzing the market. First you have to filter out the noise.

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…once you finally let go and free yourself only then you will have freedom…

tabiuslee

We should always be questioning the things we’re taught, but unfortunately we rarely do.

Lol…love it. You sound like someone who has some stories to tell.

@therealInsideBar

Can’t see how it is a scam if no money passes hands?

Also if it is ran from the phillippines so what?

Great people, lovey beaches - not so sure about the food though

@therealInsideBar

I do agree with many of your statements and scepticism of the industry. But no one likes a hater and such negativity always comes back to hurt yourself more than anyone else

If you don’t like the site probably better to focus on stuff you do like my friend.

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Time is your friend;scepticism is your enemy. Everething need time to study and to developing own style of trading, there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. :100: :boom: :boom: :boom:

Not gonna be a hater bro, just gonna keep in real. Therefor I expect to have to fill out many hurt feeling reports in this modern snowflake generation. The reality is there is no reason for anyone of any skillset to participate on this site. They have been, are, and will be continued to be condemned by the many many false profits out in BP land. It certainly is a different forum from years ago when a few good people use to keep it real. Looks like they have been all pushed out or banned.

But I do bro, i really do. I love golf and work full-time in the industry as the operations manager at my local resort. I am blessed to be able to do what I love. Not many people are in that position. But I miss speculating since I walked away from it. So this time around I’m going to share what I’ve learnt after 1000’s of hours screen time even if the likes of yourself don’t like what I have to say.

So to get back on topic, why 90% of traders (there is a term used lighty) lose their money, because they believe the trife served up to them by the marketing masses.

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Scepticism helps protecting our hard earned money from:

  • brokers
  • course sellers
  • EA sellers
  • software sellers

those that make money while you lose it :rofl:

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