Why do many traders are failure in Forex market?

SunTrader said:
Why are bots so common to FX.

Must be ummm a cardinal reason. :D
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THAT+ wonder why 90% dont start a bank, i mean they made good profits lending to US for RE?? Another cardinal reason is we have enough on our plate.
I wonder why all are not named SunT or Turtle T, i mean those are good nicknames LOL:D:D
 
Alexis_0 said:
People say 90% of the traders is failure in this market. What do you think of the possible reason behind this?
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It's because they think they are taking the same type of trade agian, but this will never happen again.
 
Imo, many traders struggle in the Forex market due to a combination of factors. One common reason is the lack of proper education and understanding of market dynamics. Forex trading requires a deep understanding of economic factors, technical analysis, risk management, and psychology.
 
Alexis_0 said:
People say 90% of the traders is failure in this market. What do you think of the possible reason behind this?
More...
On the long term horizon, it is 99.97% failure rate. This is because everyone has other options in life. If one had no other option in life except to succeed or die, you would see more traders succeeding.
 
Imo, many traders struggle in the Forex market due to a combination of factors. One common reason is the lack of proper education and understanding of market dynamics. Forex trading requires a deep understanding of economic factors, technical analysis, risk management, and psychology.
 
Alexis_0 said:
People say 90% of the traders is failure in this market. What do you think of the possible reason behind this?
More...

Many traders fail in the Forex market due to lack of proper education, discipline, and risk management. Emotion-driven decisions, over-leveraging, and inadequate trading strategies contribute to their downfall. Success in Forex requires continuous learning, patience, and a systematic approach to trading.
 
Hey Dudes, any short term trading is generally a losing proposition. It's not just Spot Currency, it's futures, qqq, etc. people lose millions each year trying to grab the brass ring, they fall off the horse, they miss the ring and keep trying, and missing.

1. Trading is not easy
2. It is not Boiler Room
3. It takes years to learn and just break even
4. It takes years more to be profitable

This is why sometimes someone like Market Surfer is working sell side, he has some good base ideas, and is a really nice guy, but sometimes it just does not workout. I don't know what he is doing now but I wish him well.

Also most people who involve themselves in retail spot currency trading don't even know they are not trading a "real thing" but a derivative, the difference between the value of two currencies and some math stuff.

Finally, it is obvious that most cannot and will not sim trade for a year or so until their sim account is profitable, then a 1k account and trade 500 micro until they are regularly profitable, then 1000 micro, the next step would be Mini, same scheme, increase to the level of standard lots. But first you have to learn how to be profitable.

The Ever Opining VIPER
 
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