Thread: Why 95% Of All Traders Fail

I read your articles and wondered where the original statistic comes from. It (95% fail) is banded around so much. However, where/who said it. Is it correct? I bet it is large, but 95%?

Originally Posted by ;

I read your posts and wondered where that initial statistic comes from. It (95% fail) is banded around so much. But where/who said it. Is it correct? I wager it is high, but 95%?

In my opinion 95 percent is too low, the more people loose money that the more money there is for the ligent people that succeed.
Zero-sum.

I believe traders in general spend an excessive amount of time trying to analyse the previous looking at SR and fail going on right infront of them. Everyone follows and begins doing the two-step but are too late when they realise that the e has changed to the tango.

There are traps on the market, setups made to pull the traders in, and the big money changes the e. Loe the point where the e changes, and youll soon be patrick swa...(however you spell his name)lol

Leon

I'ts because you noobs don't know how to use indiors. Ever heard of divergence? I believe that the biggest problem is people attempt to hard on approaches on how/when to enter the market and don't work on the best way best to exit or manage their position.

A high failure rate in trading is a result of belief. Thought is the creative power behind all things.Thoughts around who and what you are determine how life will be experienced. Folks come to market from a sense of need. It is this underlying belief in absence that prevents the success which they are trying to find. If you think you are incomplete and needing of whatever then these ideas will create a life that reflects those beliefs. There's not any escaping the outcome of your ideas about yourself. These underlying beliefs are hidden from view. With no deep inquiry into self you will be unaware you are behaving against your own best interest, let alone why. Succesful traders regard the plogical aspect of trading as overriding and direct the required amount of attention to the area. They know it's the number 1 reason traders fail.

I've been reading this thread.... And as a new trader I agree with everything you guys say.... Well really it have to learn forex. . .the easy way is using indior... which to me is a cursed...I moved for courses where they the so called specialists teach to go into the market at a cross of a ema's of kind... well I exchanged in demo which was nice at first then it all went down the drain as now I understand that the market has its own personality and this character varies over time.... The problem with ema, rsi or another indior is that when this personality changes these indior become invalid. . Now I am learning to utilized fibs with no indior... learning to be a trader and just some person whose listen to a so call expert whose teaches people to trade using a way which can only be utilized for some time... and also to other new traders who wish to learn how to use fib which I find great go to the fibonacci trading thread and also find out it out of there... there we have bobokus who teaches the knowldge of fibonacci trading....and for me this is requirde to become a real trader not a man who wish to make some cash for a time...

Thank you for your answers. Every little bit helps. We did get a little bit off track so I want us to keep on stage Why do 95% traders fail. It has been asked, Where does it say '95%'? Well look up 95% traders fail and you will get your answer. Whether there are any more opinions please post them since believe it or not, I want all of you to succeed rather than be part of that 95%. Maybe it's possible we could lower that percentage a stage or 2. Let's see if we could find any more answers. Success whatsoever!

Pierre (RedRobin)

Originally Posted by ;

Thank you for your responses. Every little bit helps. We did get just a bit off track so I need us to keep on stage do 95% traders neglect. It's been asked, Where does it state '95%'? Well look up 95% traders fail and you will get your response. If there are any more remarks please post them since believe it or not, I would like all of you to succeed and not be part of the 95%. Perhaps it's possible we can lower that percent a stage or 2. Let's see if we can find any more responses. Success whatsoever!

Pierre (RedRobin)

SIMPLE:


THEY HOLD THEIR LOSING TRADES


That's the only response you Want.


Winners accept their losses and move on.

Maybe it's because they f*cking suck forex? Nobody ever said that everyone may be a succssful trader the one thing he's got to do is read FF.
I suck at playing soccer others suck forex. That is life. No one said forex is for everyone.

Originally Posted by ;

SIMPLE:


THEY HOLD THEIR LOSING TRADES


That's the only Response you need.


Winners accept their losses and move on.

You're correct. That was one of my difficulties. Before I wrote my rules that includes Never trade without a stop-loss I had been holding onto my DD transactions hoping it would go positive before it struck MC. I've a friend who does not utilize SLs and he bought EUR/USD and it went 3 times, eventually giving him 67 pips profit. Using my system I was able to get over 400 pips with exactly the same pair. Who had been the loser? You know the answer.

Pierre (RedRobin)

I use to hear the term stop reduction hunting from the broker, if he does that
is that not illegal.