Well, I think this figure is a bit exaggerated. I think they loose not more than about 70% . They do so because they watch too much commercials demonstrating how easy it is to make money on forex. That leads to loosing money.

Why 95% Of All Traders Fail

Emotionless person wan't succeed in forex trading either. A person needs to feel some kind of emotions and it's just impossible to get rid of all these feelings and emotions.

How to Become Emotionless

it's possible to trade without stops as soon as you start, on condition that it's the trade based on scalping method. In fact there you don't have to make stops and it's really pointless.

Trading without stop-losses

I don't know any of this kind. I really know a lot of traders and for them forex is either a hobby or a" time killer", but by far not the income and of course not the main one.

Has anyone become wealthy from forex?

Yes it is a fact that trading is hard and well said by Brook that it is well rewarding. I believe in hard work and learning behavior. People who fail here are those who want to earn a lot by just opening an account and taking a trade. I want to ask ...

Is trading really that hard?

I often advise people to build a strategy for getting out of a trade as well. Fibonacci levels are the best indicators for exiting from a trade. You have to keep an eye on them and put Target Price (TP) according to them.

What Is Best Indicator For Getting OUT of Trade?

Traders who are relatively new to the futures market often get fooled by the persistent mean reversion behavior. For example, breakouts are more often faded than endorsed. If you have some experience then you will spot it by using RSI, STOCH, etc. ...

is it true

After 2-3 months people stop taking you for a person who registered only to post a couple of ads. But if you have no problems trading and you are happy with everything, people will think that you work for the company. Just like now

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