Why 99% of Retail Day Traders Lose?

I think there are some reasons to lose them. These are, firstly, they cannot control emotions, secondly, they cannot follow money management and risk management, thirdly, they cannot follow discipline and plan. If these issues are followed by a retail trader, he will never fail in trading.

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how can you tell if the broker is unregulated ?

If you are talking about Traders in general trading long in a bull market then it is likely more than 20%, but as soon as the market drops of gets choppy the 99% will lose

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Simply, the aim of new traders is to make big money.
They think the game is easy, but have not learned the game.

Trading is simple, but emotionally taxing, and you only really learn the hard way about position sizing and how to handle an account by losing everything. It is an exciting business, but can take a lot of time to learn the ropes…

This is why most traders fail, not to mention the bucket shops offering them 100 X leverage.
ha ha ha.

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analysis is important but any kind of analysis not works for all time , should change after passing sometimes.

I’m coming up-to my 5 year point in trading. It was a bumpy ride for 3 and a half years.
After system hopping and jumping from one mentor to another, I eventually realized my trades were being hit by stop runs. It doesn’t take long to work out what time window this takes place in the trading day. So now, my trading is consistent. I wait for the stop run to take place THEN I look for my position.
It’s really helped a lot.

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Agreed, no analysis no strategy works good for all the time, a trader who wished to survive has to change his plan of action according to what the market demands.

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You read my mind on this. I was feeling like that when I started off, but I decided to try my best to keep learning and knowing more on and on about forex

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Just keep that hard work on, it will surely give you immense benefit in your journey here.

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Exactly, entering with no or poor trading plan and minimal knowledge is leading to this. Or even if they have knowledge about trading, they are ruining it up with their poor mindset.

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99% of traders lose because they trade emotionally and emotional traders can never succeed.

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Agreed. Even if you have knowledge, proper sounding plan is a must, else you wont be finding any success in your trading

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Here are some essentials of a good trading plan:
You must have passion for trading.
You should know your attitude towards risk.
You should define your trading goals.
Your risk management strategy.
A trading diary. The list goes on…

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99% of traders lose because they don’t know how to win. This may seem obvious as is the truth. There is a roadmap to successful trading.

i dont think thats the percentage. 99% is alot… should be around 70-75 i believe

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If only that were true

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remember we are talking about day traders, trading retail, through a on-line broker, and trying to beat the spreads, plus that broker is making money off you some how, free trades are not really free

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You have presented it very nicely. Yes, this is what the case is. Traders invest their money in a hurry and start live trading with a great hope. They lose their money as well as confidence. Consequently, they quit trading. It is a serious business. Traders must study and practice for at least 2+ years before making proper investment or take it as a full time business.

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You are absolutely right buddy!
For how long have you been trading forex?

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Well the only reason I think most of the traders fail is because of their over-confidence in their trading skills and considering this to be a cake-walk. I always insist on demo trading. In fact even after 7 years into trading, I go back to my demo account to test the strategies according to the latest technologies and platforms.

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