90% of forex traders are losers!

[qlinks]

I am not discouraging, don't want to discourage traders/would-be traders, but it is widely publicised
that more or less 90% of forex traders are losers and only 10% are winners. Do you believe this is
possible. What maybe the reason/reasons for this. I am kinda incredulous with such statistic.

[cafedeart]

I am not discouraging, don't want to discourage traders/would-be traders, but it is widely publicised
that more or less 90% of forex traders are losers and only 10% are winners. Do you believe this is
possible. What maybe the reason/reasons for this. I am kinda incredulous with such statistic.

am not saying against ur openion, but here one article once i read and it's title is : ""39% Of Forex Traders Are Profitable""
if you wish, u can read this here : http://blog.fxcc.com/39-of-forex-tra...re-profitable/
i don't know if i passed the forum rule by posting other's blog article link here, if so then am sorry.
P.S. that's not mine blog, and i don't know the writer or anything there, i found by searching here n there online.
thanks

[vikoko]

from my research, about 30% of traders make profits inconsistently why 10% earn a living from this biz,60% of trainers are just demo traders,they have lost and resigned from live trade.

[zxcvbn]

i dont believe only 10% trader are winner because many expert/good trader share his experience trading and strategy trading at internet and also many good ebook for trader learning/study.

[ceestech]

The reason is not far. Its simply over trading and trading without a trade pattern or plan.

[RahmanSL]

Why do 70% of traders (if you can classify them as that!...more like wanna-be traders, trill seekers, or gamblers) lost in trading the forex??


All of them, without exception, wants to become filthy rich within one month of trading their usd50 to usd5,000 account...or to earn daily profits of usd1,000 from their usd100 or even usd50 account.



As for us FxOpen forum members, we don't have to trade at all to become filthy rich since all we have to do to achieve that is to post more frequently here

[vikoko]

Lets be sincere with ourselves, when u hear of fx trade the first time, u think notin can stop u from becomin a millionaire in 1 month,so even if ur trainer advises u to trade micro lots, u see that as a stumbling block since u have arrived at the world bank and set to make thousands of dollars on daily basis.u even see saturdays and sundays as waste and cos of this mindset when u lose 1 trade, u think of an immediate revenge to get that money back in ten folds and u take a bigger lot size and lose more,in attempting to fight back u lose evrythin and fall back to ur certificates and resume online applications.if u see forex as leisure activity,u will hardly lose even if u are not good in analysis.

[ceestech]

Why do 70% of traders (if you can classify them as that!...more like wanna-be traders, trill seekers, or gamblers) lost in trading the forex??


All of them, without exception, wants to become filthy rich within one month of trading their usd50 to usd5,000 account...or to earn daily profits of usd1,000 from their usd100 or even usd50 account.



As for us FxOpen forum members, we don't have to trade at all to become filthy rich since all we have to do to achieve that is to post more frequently here

I really don't think that the forum can make you rich when you think of the time you spend writting for they most be no spam you find out that its no small work.

[ceestech]

Lets be sincere with ourselves, when u hear of fx trade the first time, u think notin can stop u from becomin a millionaire in 1 month,so even if ur trainer advises u to trade micro lots, u see that as a stumbling block since u have arrived at the world bank and set to make thousands of dollars on daily basis.u even see saturdays and sundays as waste and cos of this mindset when u lose 1 trade, u think of an immediate revenge to get that money back in ten folds and u take a bigger lot size and lose more,in attempting to fight back u lose evrythin and fall back to ur certificates and resume online applications.if u see forex as leisure activity,u will hardly lose even if u are not good in analysis.

I plain i guess what you saying is that the get rich week thinkin is the reason.

[ilearn2t]

Hello qlinks

It's up to one's self if they want to be in the 90% who loss 90% of the time, or the 10% who win 90% of the time.

The 10% winners are better suited to forex because they understand a bit more than the "newbie/average" trader, plus earn more money from it.

The "newbie/average" trader will keep losing until their knowledge is improved. This will increase their money that in turn decrease their chances of failure, and so win 90% of the time.

Good luck
ilearn2t

[vikoko]

most fx traders mk millions frm demo trading and transfer that agression to live then lose everytin in 10 mins,this why I advice my student to demo trade with just $100 so they will know fx is not the MMM they think.

[FXOjafar]

All of them, without exception, wants to become filthy rich within one month of trading their usd50 to usd5,000 account...or to earn daily profits of usd1,000 from their usd100 or even usd50 account.

Good statement right there.

There is a saying that if you want to make a million from trading, deposit a billion in your account.

[vikoko]

Most traders deposit $100 and target $1000 a day cos of the leeverage.So they keep losing until they win world loser of the year.

[ceestech]

most fx traders mk millions frm demo trading and transfer that agression to live then lose everytin in 10 mins,this why I advice my student to demo trade with just $100 so they will know fx is not the MMM they think.

It all goes down to greed because its clear they want to become millionaires in a day forgetting that the virtual world is different.

At the same time the tension that accompanies putting your money in the market makes dem lose coming from the fact that on demo you don't invest a thing in it.

[carthago]

This market is the most risked business. its not suitable for all. Only few can survive me too I think that not 90% loses but 90% of peoples finish by leaving forex.