Why do traders fail?

schweiz said:
Yes and no. I
Of you go from LT to intraday you can make more money.
If you go from 5 minute to 1 minute the increase of profitability will slow down.

And if you go the seconds timeframes profitability will reverse and it will be hard to make any money. Stops have to be very tight and profits will be very small. You will need huge ratio of winning trades. Average profit per trade will go down fast and the costs will stay lineair.

There is no lineair relation between profits and timeframes; at a certain point the effect will reverse from more profits to less profits.
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the law of diminishing returns applies.....that is why most do not go less than 5 min
 
destriero said:
What a selling point. Ostensibly, people on welfare would lose their subsidy if it's known that they were speculating in an FX account.
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people buy lotteries..why? even though the probability of success is low, they dream of magnificant reward..that is the temptation of day trading /scalping
 
The head of the major cryptocurrency exchange BitMEX Arthur Hayes (Arthur Hayes) believes that the "cryptocurrency winter" is over and the Bitcoin rate this year will reach $ 10,000. Is this possible this year?
 
padutrader said:
broker scams are relatively rare.......if the broker is regulated by major regulators like USA or England. the advantage nowadays is that you can choose a broker regulated in any country of your choice....
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Yes, but first of all one must be gifted to have this type of knowledge.
 
TommyR said:
spend time every night thinking of everything any of them have done. 10 minutes before bed, every morning. think how much you hate them and plan what you are going to do about it. don't forget. remind yourself that they don't operate under rules like be nice when very rich, so you cannot afford to. indeed it may be interesting to consider why it makes somebody with 100's billions quite so happy to operate like this. it's a healing exercise on a par with yoga and prayer which may promote the cause of their downfall.
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Why think about them?
The healthy medicine is to does not think - divinize or demonize, anyone with has more zeros in the capital, than your own, before you will get there.
It is a good practice before sleep ten minutes reviewing the whole day, your experiences, your encounter. But others are all gifts from the Universe, sent to us in order to help to understand who we are, through our pain and glory.
 
it is not very difficult to make some money without knowing anything really technical: there are 100s of vegetable vendors who make a decent living.....without know ledge of elliot wave ,fib etc.
but if you want to understand how markets move, then it takes a lot of time and effort but you will be very well recompensed for the massive investment in time, money......that aiming for perfection entails
 
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