98 % of 4X traders lose money - Why?

Cut your losses and press your winners. That is the "holy grail" in trading. Traders in general cannot follow this path. It is not a methodology issue but a psychological one. This is the main reason why traders failed because it is counter intuitive in nature. FXCM released a research last year that demonstrated that on average retail traders loose $3 for every $2 they win. This finding is consistent across every single currency pair in the research study.

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An extremely interesting statistics... now I understand why eurusd is a popular asset. But if talking about traders' losses, everything is in order, someone loses and someone gets profit. These are the market laws.
 
If you started researching on the traders who loses in forex, you will get the 80 to 90 percentage of them are the newbies. And the reason behind is the lack of their trading knowledge. For this reason they investment huge without proper planning and without any risk management. Again most of the trader thinks that high leverage can bring high profit. But they forget that high leverage can also bring huge loss.
 
Where was the figure 98% taken from? 98% of newcomers may really loose money, but the percentage of experienced traders who loose is much less. In both cases the reason of losses is inadequate money management and using of strategies.
 
95% of the people think that the Forex market is a shortcut to earn a lot of money without any effort. But in fact, it is the most difficult place to earn profit if you do not have adequate knowledge about the market ethics. Do you people agree with me?
 
when you enter in market with low knowledge and skill how can expect just profits from forex market. Forex trading needs practice of trading no one can become rich in less time. change your thinking it is not a money making machine nor you can use any shortcut for profits, It may give you profit by chance but for regular earning one needs proper knowledge otherwise he will loose.
 
Because most people do not have necessary knowledge and skills. People come here with a expectation of making money quickly and easily. Basically they are introduced forex in a wrong way. If they have been told it will take time to learn the necessary skills, the percentage would have been different.
 
Forex business is highly risky and we had to make proper trading techniques to minimize the loss ratio. The basic reason for the loss in this business is lack of knowledge and proper practice so guide from expert traders should be done and read different articles from the web to enhance trading skills
 
Where has those digits been taking from? Brokerages doesn't provide such data because it's like shouting them in their own leg, spreading fear among newbie traders. I think the percent is lower and it depends on metrics, like profitable on what timeframe? Week or year or whole life? After all we all lose in the long run
 
Trader lose money :

- First of all poor knowledge about forex.
- Over trading
- Having dreams for rich
- Poor service from broker
- Trading without any strategy
- Changing again and again broker
 
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