Why are 90% of unprofitable?

[Tucci]

I'm relatively new to trading and I heard this statistic saying that 90% of traders aren't making a profit can anybody share their 2 cents on why this is?.

 

[mlawson71]

Where did you hear this statistic? People say it a lot, but there is usually not official source provided for it.

 

[Hossam]

I'm relatively new to trading and I heard this statistic saying that 90% of traders aren't making a profit can anybody share their 2 cents on why this is?.

A very simple answer is GREED . Thats it . Actualy trading is a business like any other business just wothout limitation rules

 

[Dosoro]

Many people are bit profitable because of greedy poor riak management

 

[Daantje Pieters]

90% of people lose in Forex trading because they want to make a profit very quickly. They do not have any trading discipline. Money management and risk management trade without maintenance. They do not have a specific plan for each trade. Starts trading in large quantities. Again many traders join trading without learning anything. Forex is not an easy thing to earn profit by developing skills through hard work. And if you trade easily then how to make a profit.

 

[mlawson71]

People say 90% of traders lose money, but what is the source of that claim? Has there been a study that proves it?

 

[Rufino Fiorentini]

Forex trading is the most famous and profitable business in the world. There are many traders who make the same mistake so as a result maximum trader faces losses. Choosing a reliable broker in the forex market is a very difficult task. Most of the traders choose the wrong broker. a reliable broker is very important for a trader. I trade with Eurotrader. They are one of the best brokers I have ever worked. They are really very supportive.

 

[breddolo]

first of all you need to know how to manage emotions, as well as having a correct risk management

 

[Charles Agustin]

Forex is not a money-making machine. However, many traders come to the market by thinking of that. Forex trading is risky. Man trader jumps to trading without proper knowledge. So, most traders fail in the forex market. So, I recommend to learn first and then think about profit. As for me, my broker Eurotrader ebook help me to learn forex trading.

 

[rajs]

Like any complicated profession, it also needs loads of effort...

 

[rajs]

Once that is achieved, stable head to go through trades

 

[timifx]

This is the sad truth about forex due to many reasons one of which is greed.

 

[H4n5ip]

So let be the 10% then. Experience will lead to be good trader. Learn from mistake and keen to keep learning.

 

[Bernado.jacob]

That is totally on you, it depends on which broker you use and how good you are at trading.

It your losses are more then stop trading and prepare yourself for better trading later on.

 

[Zalea]

Forex exchanging is the most celebrated and gainful business on the planet. If you want to be a successful trader just followup trading strategy. There are numerous brokers who commit a similar error so therefore most extreme merchant faces misfortunes. Picking a dependable merchant in the forex market is a troublesome errand. A large portion of the merchants picks an inappropriate representative. a solid specialist is significant for a dealer. I exchange with Euro brokers. They are probably the best intermediary I have ever worked. They are actually quite steady.

 

[a1maiw1]

Most people are greedy and think of forex as a way to get rich quickly, but the truth is that it takes time and a lot of mistakes to get there. You can pay for courses and signals but until you learn technical analysis and patience, you will burn accounts and keep losing money. I think this is why 90% fail

 

[mangotrader]

i lost alot of money in forex at the beginning but as time by i regained what i lost and now im in lifetime profit. there is a learning curve in forex and most people take month or years to get the hang of this market

 

[mlawson71]

I think most people learn on their own, without paying anyone to teach them though.

 

[Brokksfam12]

You have to do this This the right way or it will not work