Can’t say anything about the stats but Yes, the percentage of traders who fail is incredibly higher than the traders who win. However, I also think that has nothing to do with your individual success. Despite the majority of traders failing, you can still hold a chance if you follow the rules that failures avoid. Risk management, following a trading plan and keeping emotions aside are well-known facts but are not followed by everyone. To get a different result, you must do what everyone else is not doing.
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90% failing rate , its true ?
- Thread starter Ahmed Solaiman
- Start date
It is not possible to sum up all the possible reasons behind the 90% failing rate of traders. Every trader has different weak points and they need to identify those in order to really succeed. As with me, I started with a small capital but failed and then when I searched about the reasons of failures I found most of the “trading gurus” emphasising the importance of having a huge capital to start trading. I thought I’m undercapitalized so I invested more money and then I failed miserably.
The problem was that I couldn’t afford to lose the money which I invested and that made me over emotional and biased in my decisions.
The problem was that I couldn’t afford to lose the money which I invested and that made me over emotional and biased in my decisions.
Most people come into the market thinking it is a get-rich-quick scheme so it is easy to understand the high percentage fail rate, it is just like a business start-up. If you want to survive and succeed in the market, you need to equip yourself with good knowledge and preparation, also alot of trials and errors (you can check a quick beginner guide here)
Yeap, one of the perspective that newbie tends to think that they can get rich overnight and all of these became a false hope the moment they lose money when trading.
This percentage of losing traders scared me too when I was about to start trading. But then I decided that I will work hard and come into the category of the winning traders, no matter what. I can’t say that I have come into that category but I know that I am on the right path and will be there someday.
Currently, I am working on improving my trading plan and have plans of increasing the risks so that I can improve my profits.
Currently, I am working on improving my trading plan and have plans of increasing the risks so that I can improve my profits.
its a very good reply with some good information , got some fine lines , thanks again for your nice post.
its a very nice post. some good information there that i liked , thanks for your nice information.This percentage of losing traders scared me too when I was about to start trading. But then I decided that I will work hard and come into the category of the winning traders, no matter what. I can’t say that I have come into that category but I know that I am on the right path and will be there someday.
Currently, I am working on improving my trading plan and have plans of increasing the risks so that I can improve my profits.
very common speech but fact is real.Most people come into the market thinking it is a get-rich-quick scheme so it is easy to understand the high percentage fail rate, it is just like a business start-up. If you want to survive and succeed in the market, you need to equip yourself with good knowledge and preparation, also alot of trials and errors (you can check a quick beginner guide here)
I bet it is even higher than 95%.
Forex is THE HARDEST way to make money from trading.
Every single person I have tried to get into forex has given up, I get people messaging me for a few weeks, then *poof* they are gone.
Forex is THE HARDEST way to make money from trading.
Every single person I have tried to get into forex has given up, I get people messaging me for a few weeks, then *poof* they are gone.