according to me any kind of trading strategies can be useless if there is no money management . so should build first of all powerful money management.
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90% failing rate , its true ?
- Thread starter Ahmed Solaiman
- Start date
I suspect you could be right.Perhaps the answer to this question should have three components instead of two.
Rather than:
~ 90% lose
~ 10% win
Instead:
~90% lose
~9% earn a small or modest amount of money during the current year
~1% or less earn an amount equivalent to a middleclass salary or better
I suspect that the latter scenario is closest to reality.
But the question has to be, why do traders perform so badly? Even a strategy with very modest statistics is capable of producing a decent salary. So if the strategy is not at fault, the trader must be.
Human failings are at the root of the problem - greed, arrogance, ignorance of risk, lack of discipline....
Its not a measured or measurable statistic. sometimes the number is 90%, sometimes 80 or 95 or 97 or 98 or 99. The number doesn't matter - the underlying truth remains - the great majority of new traders will quickly fail.the failure rate about trading is very confused , there is no statistic WHICH came from a high authorized in this market place.
Its not a measured or measurable statistic. sometimes the number is 90%, sometimes 80 or 95 or 97 or 98 or 99. The number doesn't matter - the underlying truth remains - the great majority of new traders will quickly fail.
If they would allow children to drive a car, people without drivers licence to drive a car, blind people to drive a car...
The failure rate with be so high too.
If you have 500$ and a pc you can start to "trade". Nobody is ever tested to see if he is able to trade and if he has even any clue what he is doing. Most people overestimate their own qualities.
The average joe is not qualified to trade.
In the mid 90's I was trading my own forex account at Prudential Bache. They asked me to trade accounts from their clients too. These clients lost so quickly their money that PB had all the time to try to catch new clients to replace those who went broke. It was better for them to let me trade these accounts as at least they stayed alive.
The failure rate doesn't matter. Try to find out if you can survive, because that's the only way to make money. The failure rate, high or low, will never bring you money. Your qualification does.
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If they would allow children to drive a car, people without drivers licence to drive a car, blind people to drive a car...
The failure rate with be so high too.
If you have 500$ and a pc you can start to "trade". Nobody is ever tested to see if he is able to trade and if he has even any clue what he is doing. Most people overestimate their own qualities.
The average joe is not qualified to trade.
In the mid 90's I was trading my own forex account at Prudential Bache. They asked me to trade accounts from their clients too. These clients lost so quickly their money that PB had all the time to try to catch new clients to replace those who went broke. It was better for them to let me trade these accounts as at least they stayed alive.
The failure rate doesn't matter. Try to find out if you can survive, because that's the only way to make money. The failure rate, high or low, will never bring you money. Your qualification does.
good post , good information with perfect logic
Failures and winners are equal participants of the market. Failures make winners and winners also fail. Your profit is someone else’s loss. Personally, I don’t think this should be something that needs to be talked about so much. Learn to accept your losses but try to minimize them with proper risk management and money management.
good calculation , by the way what you think there is any difference between money and risk management ?Failures and winners are equal participants of the market. Failures make winners and winners also fail. Your profit is someone else’s loss. Personally, I don’t think this should be something that needs to be talked about so much. Learn to accept your losses but try to minimize them with proper risk management and money management.
good calculation , by the way what you think there is any difference between money and risk management ?
First give the definition of money management, and risk management. Just to avoid endless discussions.
there is anyone who can make sure me the successful traders ratio ?