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Why Do Most Traders Lose

Discussion in 'General Forex Talk' started by Bax11, Mar 4, 2010.

  1. TaniaIslaam

    TaniaIslaam Private

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    Often trying too much is also the reason to lose. If we just play it simple and don’t do anything over the top then we are already in good place. The problem with people is that they don’t understand the ACTUAL potential of Forex; it’s why we see people over trying which in Forex is just uncalled for. I always keep things as simple as they can get and it has worked pretty well so far.
     
  2. iMusingKiMi

    iMusingKiMi Sergeant

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    Because most people think how big they can earn. They forgot how much risk they should take.
     
  3. mishacao19

    mishacao19 Recruit

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    Impatient and no passion.
     
  4. Fox2Fox

    Fox2Fox Private

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    Many traders think that they are great businessmen, that they all know how.They think that money can be made easily and simply.
     
  5. holycow

    holycow Master Sergeant

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    True.. I would also like to add here that many of us looses money and looses more money while chasing that lost money.
     
  6. ForexVerified

    ForexVerified Private, 1st Class

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    That is the main problem for those who are familiar with trading. Others need education and experience just to reach the point of realising that risk is important.
     
  7. iMusingKiMi

    iMusingKiMi Sergeant

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    Have you ever heard a banker usually lack of discipline and always disorganize in their life? There are no easy money to make in this world.
     
  8. iMusingKiMi

    iMusingKiMi Sergeant

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    Yeah. In fact, you have to learn how to protect yourself before knowing how to earn.
     
  9. Shevvy

    Shevvy Private, 1st Class

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    While everyone has indicated good reasons for the failure amongst traders, I believe that they only equate to a very small percentage of the 10's of millions of traders who have quit over the last 20 years.

    The answer to the question "why do most people fail?" is due to the lack of 'TRADING EDUCATION', not the lack of 'FOREX or STOCK MARKET EDUCATION'. The title 'forex trading education' is absolutely wrong, it's in fact misnomer. It should really be called 'forex education, stock market education or whatever education, but not trading education as there is no actual 'trading' information included within the written data.

    The reason for this is that most people don't know about or understand trading education. If you search for "forex trading education" on the internet you will find there is none, all you get is the same forex websites if you had typed in forex education. Again, if you type stock market trading education, you will get the same websites as a search for stock market education. Not one single site from millions of sites returns any trading education, not even the good websites like FPA and Babypips.

    First you must understand the meaning of trading in trading education. Trading education starts where forex education finishes. Forex education deals with all facets of the forex market up to locating entry points. Trading education on the other hand starts from trade execution. It is about being able to look at a chart and have a good idea about what's going to happen. For instance, Is the trend going to continue or reverse? Are you trading with trader support or with trader weakness? Does the future of the trend look strong or weak? Should you take profit or let run? All these questions can be answered to high degree of accuracy with trading education.

    While knowing forex education is always advantageous, the truth is it not required to be a successful trader. If taught trading education correctly any new or experienced trader can become very successful without knowing any forex education at all.
     
  10. nahiyar

    nahiyar Private, 1st Class

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    Yes forex knowledge is a power that is a road to success. With knowledge one can understand this market, knows different strategies and can develop best way of trading for him. He cannot do good practice without knowledge. I should say lack of proper knowledge is a main reason for loss.
     

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