98 % of 4X traders lose money - Why?

[EURUSD]

The percentage of loser traders is very high. Some make money in between by luck and then stick to trading keep trying hitting a big win. This never happen too often and they keep on losing money instead.

It will be so risky when you hoped profit from luck only because no one who can become good traders with relying on luck. It's possible to gain profit by luck but it won't happen all the time and the risk will be too high. It's important for traders to prepare good trading plan so you won't lose easily and you won't lose more than you could afford to lose. So, lose money is common thing and it can happen to anyone although he is expert trader. but it will be okay if you have limited it.

 

[iMusingKiMi]

The percentage of loser traders is very high. Some make money in between by luck and then stick to trading keep trying hitting a big win. This never happen too often and they keep on losing money instead.

I do believe that human do need some luck. But always remember that consistency trading does not depends on luck.

 

[downtrend]

I do believe that human do need some luck. But always remember that consistency trading does not depends on luck.

I agree with you, if a person try to trade depending only on luck, then he won't be able to profit consistently. Luck only play its part after you are a skilled trader.

 

[margin]

Poor money management is major cause of so many traders losing. Many traders have good strategy with them but still they fail because they use poor money management.

 

[ForexVerified]

Having good money management and a trade plan will keep you trading for a long time; however, you should not neglect all other factors like selecting a reputable broker that won't just go away with your money, or buying an expert advisor or a signal service that you aren't sure they work, and so on.

 

[Aaron Dias]

Having good money management and a trade plan will keep you trading for a long time; however, you should not neglect all other factors like selecting a reputable broker that won't just go away with your money, or buying an expert advisor or a signal service that you aren't sure they work, and so on.

It will depend on the trader to follow good money management skills and once he has started doing that his main income will become more

 

[downtrend]

It will depend on the trader to follow good money management skills and once he has started doing that his main income will become more

Its easier said then done. You need to have accurate focus on your trading plan and a dead straight money management rule to follow. Only then a trader becomes in winning group.

 

[Carles3]

Because the average trader life spectancy is counted in months, not in years. They save money, study forex hard, and invest their money wishing to be millionaires (and convinced of it), instead of learning Forex trying to grow tiny accounts until you learn how to make money (in few years maybe).

I think you have to blow up some accounts until you get to make consistent profits, and even so, you are not guaranteed to be profitable.

I doubt those who have 10+ years here are losing money. May be few, may be 98% of them lose money. You got.

Just my assumption.

Happy Trading

 

[downtrend]

The failing percentage is very high for the reason that traders don't have enough patience to continue trading with consistency, they try different things, experiment on their live accounts and lose most of the time.

 

[EURUSD]

I do believe that human do need some luck. But always remember that consistency trading does not depends on luck.

Yes, this is right mindset. Luck is matter in each transaction but don't ever rely on luck in your trading because no one who can become successful traders with depending on luck only. Consistency on profit won't happen if you don't have proper trading plan to follow. Lose money is common thing in trading as long as you have known amount of profit which you risked.