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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. JamesForexSlayer

    JamesForexSlayer Sergeant

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    I think people believe it will be easier than it is(maybe down to marketers making them believe this). They then don't put the hours of study in that is required to win long term.
     
  2. AlecR

    AlecR Private, 1st Class

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    That is not the case, most of newbies want to get rick quick and they take full account risk in a single trade. The account has to be blown in a single spike and they quit forex saying it is scam.
     
  3. JamesForexSlayer

    JamesForexSlayer Sergeant

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    Yes people definitely think it is a get rich quick scheme....but as i said probably because of all the marketers selling it as so.
     
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  4. Citaub

    Citaub Recruit

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    I think that each experienced trader would be certain that reasons for loss on market can be various. One of them might be luck of knowledge, another is luck of skills, there is also wrong perception of market moves, bad strategy... the list is really long
     
  5. JamesForexSlayer

    JamesForexSlayer Sergeant

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    Also because the bottom line is that Forex trading is hard!
     
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  6. TJ Forex

    TJ Forex Private

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    Simple, 90% of forex traders get greedy.
     
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  7. JamesForexSlayer

    JamesForexSlayer Sergeant

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    Or think it will be easy.
     
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  8. Albert Dcosta

    Albert Dcosta Private, 1st Class

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    That is because they are being shown advertisements in such a way that forex looks easy and they fell in this trap.
     
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  9. JamesForexSlayer

    JamesForexSlayer Sergeant

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    Yes exactly that my friend.
    Forex is made to look easy by the marketers.
     
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  10. JungleTrader

    JungleTrader Recruit

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    Also they give the impression the fancier the charts ie the more indicators used the better .
    PA is often played down in favour of the newest hippest indicator
     

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