Why 99% of traders lose money | Page 21 | Metals Mine

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Why 99% of traders lose money

  • #401
  • Jul 11, 2020 8:23am Jul 11, 2020 8:23am
Quoting saqqa1
I personally feel there are 2 main points to consider while trading 1) Don't be angry if you start losing- You will start placing more trades inorder to be in green again and that will just be the downfall. Better to take a day off and look where exactly you went wrong. 2) If your not sure about your entry trade dont take it- Better to be safe than sorry.
That is great advice, both parts of it! Revenge trading is always a mistake. One should never trade in this manner, they'll just lose even more. Don't take any risks when trading, especially if you don't have a lot of experience.
  • #402
  • Jul 27, 2020 1:44pm Jul 27, 2020 1:44pm
from last couple of weeks i got some losses by scalping, actually scalping can make you profitable and loser also. but overall not bad.
  • #403
  • Jul 28, 2020 4:33am Jul 28, 2020 4:33am
Quoting AlexImam
from last couple of weeks i got some losses by scalping, actually scalping can make you profitable and loser also. but overall not bad.
Mr Trump? Is that you?
Congratulations ScalaFX for coming out of the closet!
  • #404
  • Jul 28, 2020 7:14am Jul 28, 2020 7:14am
Quoting AlexImam
from last couple of weeks i got some losses by scalping, actually scalping can make you profitable and loser also. but overall not bad.
Do you profit from scalping more often than not?
  • #405
  • Aug 2, 2020 4:31am Aug 2, 2020 4:31am
Quoting nubcake
{quote} Mr Trump? Is that you?
I see what you did there
  • #406
  • Aug 2, 2020 12:20pm Aug 2, 2020 12:20pm
Most of the traders lose their money because of their low knowledge. If you want to make money from this market, you need to have proper knowledge about this market.
  • #407
  • Mar 31, 2021 11:37am Mar 31, 2021 11:37am
I completely agree you will always have losses. I have been training now for 2 years and my mentor has always advised that there will be losses. There is even a problem of over optimising a strategy where you try to eradicate losses and it actually hurts the way you trade. Accept there will be loses and incorporate it into your trading life
  • #408
  • May 26, 2021 7:16pm May 26, 2021 7:16pm
There are many reasons of loss in forex trading:
Overtrading
Poor risk management
Greediness
Lack of duscipline
Choosing a unreliable broker
  • #409
  • Jun 3, 2021 4:14am Jun 3, 2021 4:14am
Quoting waseemji
There are many reasons of loss in forex trading: Overtrading Poor risk management Greediness Lack of duscipline Choosing a unreliable broker
Agreed with your each and every point, a trader must keep his greed out to let the profits make place, also being in discipline always helps to become emotionless and lowers the fear of losing as well.
  • #410
  • Jun 7, 2021 2:36am Jun 7, 2021 2:36am
Me personally as a beginner had issue of loosing interest. Started with 1k USD on Demo, made in 3 months 27k and I do not have will anymore to trade, it took everything from me... My free time, I became obsessed with trading, checked my phone 10000x daily... Perhaps I don't have to mention that 3 months of experience was burned on 2 trades which ended up with -10k in 30 minutes...
  • #411
  • Jun 17, 2021 3:15pm Jun 17, 2021 3:15pm
Can't say why others lose money. Maybe at the begining can be lost some money while learning (my case). Here are some things how I dont lose money:

1. Trade only automated
2. Optimize/backtest at least 3 years history
3. Diversify - split capital, trade at least 20 different strategies/setups/symbols etc
4. Turn off EA when it lose 2x more than in backtests

so maybe if do oposite then money can be lost.
  • #412
  • Jun 26, 2021 5:34am Jun 26, 2021 5:34am
Most dont even know how to do proper bscktest
  • #413
  • Jun 26, 2021 11:29am Jun 26, 2021 11:29am
What I have seen is when backtesting some strategies, many trends or chart patterns exist for many months or sometimes several years. So when market changed the pattern, then we starting to loose. If we can identify market behavior and change our trading style according to the new market condition, then we can survive. Unfortunately when we identify new market behavior, it is too late and we have lost all the profit made. This is what I think. But I maybe wrong too.
  • #414
  • Aug 1, 2021 12:00pm Aug 1, 2021 12:00pm
There are so many different reasons for people to lose money on forex market.
Firstly, I can partly agree with you about the plans. Most people don't really think about what they want to achieve, however, I think that the plan should be more detailed than the one that you have mentioned. The more detailed the plan is, the easier it is to follow it. I don't think that 1 day profit objective or 1 week profit is enough for successful tradinf and for keeping the motivation high.
Secondly, many people still lose their money because of brokers. Despite the fact that forex becomes more and more regularized, there is still much scam out there and people still trust such suspicious brokerage which offer ultra profitable conditions.
Thirdly, many people come to trading being persuaded that trading is easy. They treat trading as an easy alternative to their job where they can earn easy money. However, when they face the reality, they become really upset and claim that forex is scam. One of the greatest dangers for the newcomers is reluctance to learn.
  • #415
  • Aug 31, 2021 1:27am Aug 31, 2021 1:27am
My experience told me that the most people lose money because of their lack of disciple and physiology. I also want to add that depends so much on your strategy, I personally think that the 95% lose money because they use very common strategies like patterns, in my the first year with these “common” strategy I lose so much money, so I switched to more complicated and sophisticated strategy and I started I gain some profit; obviously after a long period of backtest, I trade a pairs only when I complete at minimum 20 years of manual backtest. Don’t give up a lot can change.
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 9.0%
  • #416
  • Sep 1, 2021 2:26pm Sep 1, 2021 2:26pm
Accept the fact that the first deposit with 99% probability you will lose. You can consider it as a payment for training, for experience.
Because demo accounts are good, of course. But in any case they cannot provide a 100% authentic picture. After all, on a demo account all operations simply take place on the broker's server, which makes sense. There are no slippages, no spikes in the spread. As soon as you switch to a real account, the situation changes a little. Hence, by the way, some of the feedback that it is unrealistic to make money in this area. It's just that the real account includes additional factors that will not be present in the demo. That's why it is not recommended to invest huge money into a real account right away. Transfer the amount you don't regret to part with. Just trade with a minimum lot to learn everything.
  • #417
  • Sep 1, 2021 4:31pm Sep 1, 2021 4:31pm
Quoting Vudokus
Accept the fact that the first deposit with 99% probability you will lose. You can consider it as a payment for training, for experience. Because demo accounts are good, of course. But in any case they cannot provide a 100% authentic picture. After all, on a demo account all operations simply take place on the broker's server, which makes sense. There are no slippages, no spikes in the spread. As soon as you switch to a real account, the situation changes a little. Hence, by the way, some of the feedback that it is unrealistic to make money in this...
I quite agree with you, but I think we need to trade with the right lot according to our risk and stop loss.
My entire life in one sentence: it didn't go as planned, and that's ok.
Random Scalper All Time Return: 9.0%
  • #418
  • Oct 25, 2021 8:46pm Oct 25, 2021 8:46pm
If you have some money, you can generate outstanding returns on limited capital in the short term. With only a small amount of capital and too-high leverage, you may find yourself getting emotionally involved in the ups and downs of the market and jumping in and out at the worst times.
  • #419
  • Oct 26, 2021 12:46am Oct 26, 2021 12:46am
good stuff,every one should read this before trading in the real account
  • #420
  • Oct 27, 2021 5:27am Oct 27, 2021 5:27am
I don't know a single person who would start trading and create stable income from this in the shortest possible time. This is often the path of depression and nervous transactions. Not everyone can pass it.
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