Forex is risky, tough and complicated business and people are failing due to lack of knowledge and experience, I would like to say that we can get the success in this business but we will have to get the proper knowledge and vast demo trading experience.
Majority of retail traders gain in ranging markets according to some analysis. But I'm guessing due to lack of using stop loss and/or exiting their trades at the wrong time, makes them lose in the long run.So only 2% lucky winners?
Majority of retail traders gain in ranging markets according to some analysis. But I'm guessing due to lack of using stop loss and/or exiting their trades at the wrong time, makes them lose in the long run.
I've seen that many trader lose money because they don't take learning quick seriously. They keep a hope, trade in gambling style to get one big win and then start genuine trading. They keep on repeating this until they get their account blown up.
I am not agreeing at the statistic that 98% are loser in Fx trading. But, the majorities in particularly the newcomers are loser in this market place due to lack of exact trading knowledge. They actually try to make money from here without learning. So, we the traders have to acquire most powerful analyzing trade knowledge by learning first of all, if we can avoid loses in Forex trading.