DislikedTraders lose money in the Forex market due to the lack of knowledge, trading without any strategy, lack of experience and of course lack of patience. High spreads and hefty commission also erodes the profit of traders.Ignored
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Why Traders lose money and how to start being consistently profit 52 replies
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Why do most traders lose money in the market? 102 replies
The reason why 95% of new traders consistantly lose money 203 replies
Real Reasons why Retail Traders lose money 75 replies
DislikedTraders lose money in the Forex market due to the lack of knowledge, trading without any strategy, lack of experience and of course lack of patience. High spreads and hefty commission also erodes the profit of traders.Ignored
Disliked{quote} Knowledge is the key; I see a number of new traders try to make money from their 1st day of trading although they have no knowledge on technical as well as fundamental knowledge, traders have to make a profitable trading system based on their trading knowledge & experience.Ignored
Disliked{quote} Knowledge is the key; I see a number of new traders try to make money from their 1st day of trading although they have no knowledge on technical as well as fundamental knowledge, traders have to make a profitable trading system based on their trading knowledge & experience.Ignored
Disliked{quote} Yes, you are right, number of traders want to make make money from the very first day of trading without having any significant knowledge and experience about it. Then it became like a gamble if you are lucky then you will win and 99% of them are not lucky enough to make the profitable trades.Ignored
Disliked1 key success is do not test your trading strategy on one pair. Try all pairs including indices and commodities. Once you have found the perfect pair, you can put more focus on it, maximizing profit and minimizing drawdown. When all ready, do pilot testing with small money. After you become more confident increase the money. My trading strategy loves Gold because Gold can move hundred of pips in a day unlike currencies it moves barely 100 pips in aday on average. Because of the Gold wide range in price, it prevent the order to hit the SL.Ignored
DislikedLack of patience and discipline can be a real problem for a lot of traders, in my opinion. One shouldn't discount them.Ignored
Disliked{quote} Yes it is. Without a real trading discipline that’s not possible at all to lead a comfortable trading life in spite of having most powerful analyzing trading knowledge. besides acquiring good knowledge and experience it is more appropriate to ensure discipline when trading in a real account.Ignored
Dislikedbehind losses there is a big reason to choose a wrong broker , so choosing a broker should be in cool mind , please don't choose a broker in an emotional state , because broker can affects the result of our trading with certainly.Ignored
Disliked{quote} What advice would you give to people who struggle with being disciplined?Ignored
Dislikednathan, choosing a broker is really difficult particularly for newcomers because of poor experience , before choosing a broker it is more appropriate to ensure the brokers performance. and FPA is the best place for that.Ignored
Disliked{quote} I totally agree, Adam! I just remembered my own experience. As a rookie I tried my first trades not knowing anything and I fully trusted the broker and t the end I lost all my investment, because of blind trust. And, Yes, you can count me in, in those 98%, but now i am a bit smarter and more educative than before.Ignored