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Why most traders fail?

Discussion in 'Beginners Forum' started by ProTrader, Jun 11, 2018.

  1. ProTrader

    ProTrader Forex Supporter

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    It rumored that 95% of traders failed in Forex trading and no longer trader after a few years. Why is such high failure rate? Below is a few common mistakes:

    1. Too much expectation to win:

    As new traders, you usually win and make a good profits, it somehow called new trader's luck which gave expectation that they understand the market and the market will go as they want. But it is WRONG.

    You have to understand and accept the fact that you will on the wrong side sometime, even Warren Buffett make wrong decision so it's okay for you to be wrong.

    2. Follow the market rules on both Technical and Fundamental:

    If you traded for sometime you probably got skills and a few indicators on your platform, but that's not enough to generate the profits.

    Technical indicators don't understand fundamental factors, some data such as NFP can move the market up-side down.

    Have you ever make above mistake? Would you have something to added? Please share your thought. :)
     
    TRIBTC and Tom Latham like this.
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  3. anna.semera

    anna.semera

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    Yes, you're one of the failing trader right? You just only say the trading theory..
     
  4. Richards

    Richards

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    I think the trader himself is responsible for what happens to him on the Forex market. Traders lose the money due to their undisciplined approach to tackle with the market fluctuations. It is really hard to accept losses here, on the forex market!
     
  5. Tom Latham

    Tom Latham

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    Yes too much expectation is one of the most common problem here. I see, a number of new traders join here with more than 80% monthly return although they have no knowledge on Forex market.
     
  6. Lee Mark

    Lee Mark

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    Well said; I really appreciate your 1st point; really we can’t expect any unrealistic target here!
     
  7. Faal

    Faal

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    without passing a long time it is not possible at all to lead a healthy trading life with certainly, because the success in this market is related with long term process. But practically mostly traders in particularly the newcomers try to make success very rapidly and fall a great loss when trading practically.
     
    TRIBTC likes this.
  8. TRIBTC

    TRIBTC

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    Personally, I think traders loose that much because they 'make follow' to others traders. Basically, they copy, or they are influenced by the big players in the industry..
     
  9. Anderson

    Anderson

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    Most individuals don't understand that for forex trading you require incredible learning and capacities. They expect that trading is just acquiring and offering money related measures. They take in some marker based procedures and deduce that it will help them to get rich overnight. They don't attempt to grasp the market and market mind investigate. You can't get accomplishment in case you are not skilled.
     
    TRIBTC likes this.