Originally Posted by
;
Hi all,
Just wondering what exactly do newbies do to loose?
I mean when you start a trade, irrespective of some analysis you do, you are issued a 50:50 chance of winning/loosing, so how can you loose overtime? Well, I guess the first thing is trading cost, each transaction you make it will cost you around 3 pips, so if a newbie makes 100 transactions, 50 wins and 50 losses of equal size, they will end up down 300 pips. I think newbies have a propensity to make many transactions in a brief time period, the market rise several pips and they buy, the market falls a.. .