It is commonly known that most forex traders fail. In fact, it iss estimated that 96 percent of forex traders lose money and end up quitting. so I want to ask that what reason behind it? Please share your experience about it.
It is commonly known that most forex traders fail. In fact, it iss estimated that 96 percent of forex traders lose money and end up quitting. so I want to ask that what reason behind it? Please share your experience about it.
It is commonly known that most forex traders fail. In fact, it iss estimated that 96 percent of forex traders lose money and end up quitting. so I want to ask that what reason behind it? Please share your experience about it.
Most traders lose because they gamble. Simple as that.
"Gambling" sure gets bad press at T2W .......lucky I dont so it much anymore
N
It is commonly known that most forex traders fail. In fact, it iss estimated that 96 percent of forex traders lose money and end up quitting. so I want to ask that what reason behind it? Please share your experience about it.
ask yourself this..if anyone who hadnt played golf before woke up tomorrow and decided to become a sucessful professional on the US or European Golf circuit say inside the next 3 years...... what % chance would you give them ?
5% ?........0.5 % ......Zero ?
ok welcome to trading....
N
It is simple, it's because 2-3% big players always put down their bets after you, every single time, they can see every of our "cards" (position, size margin etc)
then so call smart money or big player moves the market to our opposite direction. It's not because 96% of us aren't smart, this is a not fair game, so if you want to play this game, well you need to wait till the big player in the market ,then you follow them when they're gone. You better go to have a cup coffee.
I'm under the impression the reversals are rigged in advance, but the quick pips on the minute time frame are not, they happen more on the fly which is why they tend to be so utterly unpredictable. It's a constant battle out here on the forex. You're best off just betting on the biggest money in the game. Dollar short. Psychology is key. Use your emotions or they'll use you.
It is commonly known that most forex traders fail. In fact, it iss estimated that 96 percent of forex traders lose money and end up quitting. so I want to ask that what reason behind it? Please share your experience about it.
Precisely, "They don't put in the work". That is the biggest reason that traders fail. I'm glad someone gets it. Only the people who really do the work are are rewarded. I've never met anyone who has ever been successful that wasn't totally consumed with their job.I think ignorance has a lot to do with the high rate of failure. They approach it wrong, don't put in the work and think they can profit very easily.
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