98 % of 4X traders lose money - Why?

[downtrend]

It is not broker, slippage, manipulation etc. It is all because of trader himself. As usual, a gambler always blame everything to avoid admitting their mistake.

It is the reason why so many traders lose money. There are very less number of traders that have a good trading plan and follow it to the suit. If a trader is trading in gambling style, then he can lose money on regular basis.

 

[FX Brother]

Gambling is very dangerous. You have to learn, have strategy, diverse, be patient and cool

 

[Froso@FXNET]

Gambling is very dangerous. You have to learn, have strategy, diverse, be patient and cool

you are right , many trader who make order in forex market as gambling then its will be reason for them to loss more and more , its because when do gamble then the trader just blind about readig the trend as clearly and don't care about the risk that will facing , eventually they will loss all balance in the account

 

[Whitesnake]

you are right , many trader who make order in forex market as gambling then its will be reason for them to loss more and more , its because when do gamble then the trader just blind about readig the trend as clearly and don't care about the risk that will facing , eventually they will loss all balance in the account

If traders can really look into the potential of making gains, then they will be able to avoid such mistakes in their trading routine which most of the traders fail to realize thus, one should make sure that they plan their trades according to the the potential of making money and calculate the risk accordingly to make money.

 

[EURUSD]

Gambling is very dangerous. You have to learn, have strategy, diverse, be patient and cool

Yes, you're right. Gambling is very risky in trading and no one who can be successful in forex business with gambling only. Thare are some people who want to gain instant profit in high number of dollars because of luck only. But remember, if you hope to gain huge amount of profits instantly then you must be ready to lose all of your money instantly too. I don't think that it is good idea to risk high in order to gain high because forex is not gambling. Traders can lose money in forex business but if profit and loss are common things when it has been managed well.

 

[Whitesnake]

Yes, you're right. Gambling is very risky in trading and no one who can be successful in forex business with gambling only. Thare are some people who want to gain instant profit in high number of dollars because of luck only. But remember, if you hope to gain huge amount of profits instantly then you must be ready to lose all of your money instantly too. I don't think that it is good idea to risk high in order to gain high because forex is not gambling. Traders can lose money in forex business but if profit and loss are common things when it has been managed well.

Quick money making attitude is the main culprit for all the traders who lose their hard earned money to the forex market. Thus, one should always make sure that they do not fall prey for their own emotions and think more logically to excel in the forex trading business.

 

[downtrend]

Quick money making attitude is the main culprit for all the traders who lose their hard earned money to the forex market. Thus, one should always make sure that they do not fall prey for their own emotions and think more logically to excel in the forex trading business.

Getting rich over night is the cause of greed. Forex is marketed in such a way that many newbies think that they can easily start making money from start. But in actual its not possible and they keep on losing most of the time.

 

[nahiyar]

Yes it is not possible to earn in start , newbies do mistakes have loss . They need a lot of time to understand market , follow trend and find right way of trading. no one is successful in days or months. We need years to be a good trader . experience and practice of trading for a long time will make them a profitable trader.

 

[downtrend]

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.

 

[iMusingKiMi]

Gambling is very dangerous. You have to learn, have strategy, diverse, be patient and cool

Absolutely yes. But I knew a lot of trader know that gambling is absolutely dangerous. Unfortunately, most of them couldn't control themselves and gambles a lot. Then they start to blame their team as well. I do have some team mate with such attitude before.