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Why do 80-90% of beginner Forex traders lose ALL of their money?

Discussion in 'Beginners Bootcamp' started by cowmadagan, Jan 12, 2010.

  1. downtrend

    downtrend Sergeant

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    When we are going to trade without proper awareness how can we hope for best . Forex will show its risks effects. Beginners need more care learning and passion. They should do trading not for quick profits but for getting experience that will count in future.
     
    Etedus12 likes this.
  2. Qasim waqar

    Qasim waqar Private, 1st Class

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    Any one who do not acts upon rules not make a plan can loose his amount. In beginners ratio of loss is high because they are in a process of learning .After learning they will find how to handle with loss. Less knowledge and practice is main cause of their loss.
     
  3. Etedus12

    Etedus12 Corporal

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    Also what do you mean by loosing all their money ? I just do not get to it's full potential. We all start trading as a newbies and usually doing so with a bit of potential earning and start playing with all that with few spared hundreds and that's it. So be like that at a first;)
     
  4. momo3HC

    momo3HC Corporal

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    Mostly because of their greed and not learning from their own mistakes.
     
  5. bigdolly

    bigdolly Sergeant Major

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    Because they don't follow simple rules like trading with small lots, using low leverage etc. Basically volatility kills any trading success if we don't learn how to control or avoid it.
     
  6. momo3HC

    momo3HC Corporal

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    Low or high?
     
  7. Anthony23

    Anthony23 Recruit

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    I dont know why new traders lose their money, but certainly I know how I was losing mine in the beginning. I was just too excited about all trading options and possibilities on this market so I have not been disciplined frequently and was trading outside my trading plan and strategy
     
  8. erik59

    erik59 Private

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    Hello fellow traders

    here below is a video that i have made on this subject , hope it does help



    Happy trading

    Erik
     
  9. erik59

    erik59 Private

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    Hello fellow traders



    Here below is my market analysis for the coming week of trading:







    I have a simple strategy with only 3 indicators based on Elliott Waves and Bill Williams trading chaos



    Hope you will find this useful



    Happy Trading



    Erik
     
  10. Quinuiacl12

    Quinuiacl12 Recruit

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    Business is never an easy things at any age or any time in the history. It is the story of every business that 90% of the people lose their money. A successful business requires huge market awareness, predictibility, and time. Do you have these traits? Ask yourself!
     

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