but this is a long time approach , so the traders who are particularly beginners always fall a great trouble when try to gather experience with very short time.
90% failing rate , its true ?
- Thread starter Ahmed Solaiman
- Start date
Your explanation is spot on. However, I think that almost everyone fails. Like 99.99% fail. That is why the .01% are so fat.
But that is the failure stats for those who actively try to outsmart the markets.
The vast majority who put their money in mutual funds or dollar cost average into index funds or index ETF's seem to do quite well over the years, assuming that they keep a program of steady contributions active over a period of years.
90% of trading is correct pricing and 10% ist risk management. That's what the fat cats do.
Retailers are 20% about risk management and 80% prediction...which is why they fail
Most common mistake traders make is their inability to analyse the risks involved in the trade. They only focus on making profits and neglect the losses.
I think the most common reason for traders failing in such numbers is their mindset. Their misconceptions about forex being an easy and quick way of making money leads to their failure.
Consistency and discipline are the two factors that distinguish between 10% of the traders who make profits and 90% traders who fail.
that is really a fine answer . agree with you
right now the failure rate growing very high especially when we talk about crypto market.