Why are only 10% of traders successful?

[skrimon]

The popularity of exchange trading is growing rapidly today, but experience shows that only 10% of those who come to trade end up making a profit.

Barrier N°1
Laziness and unwillingness to learn.

To be honest, most people who want to profit from stock trading do not want to learn this. They are sorry for the time it took to master the foundation and practice.

They immediately trade for real money after earning a couple of times on a demo account. And failures for this category of traders are predetermined by their own attitude toward the trading process.

Barrier N°2
Greed and haste.

"Exchange trading will make me a millionaire in just a week," which is completely unrealistic.
Instead of trades with a profit margin of 3-5% and a success rate of 70%, many traders prefer trades with a profit margin of 70% and a success rate of 3-5%. It is not surprising that such transactions do not end well.
At the same time, +10% per month will increase capital very quickly if you trade systematically and do not chase fast super-profits, which always turn into losses.

Barrier N°3
Mismanagement of finances.

Even if there is no significant risk in each individual trade, there is a risk of losing the profits of many previous trades by making one trade for too much.
Equal lots that do not exceed 1% of the deposit are a security guarantee.

Barrier N°4
Too complicated strategy.

A straightforward strategy is preferable to a complex one. It is worthwhile to aim for a yield of 60-70%; this is sufficient to consistently make a profit. The search for a "super strategy" with a 90% return is usually futile, and overly complex systems perform poorly.

Barrier N°5
Wrongly organized trade.

"Professional burnout" and the failures that accompany it frequently haunt those traders who devote a significant amount of time to their work.
It is recommended that you trade for no more than 5 hours per day and complete no more than 1-2 transactions. This will save energy and keep you positive.
Trading with no losses and a consistent income is exactly what you should strive for.

Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.

I hope you enjoyed the content I created. Please support this idea by liking and commenting so that more people can watch!

 

[chongjasmine]

Thanks for the advice. It is really helpful.

 

[Latham]

Traders are not successful in this market that much just because most of the traders don't have flourished trading strategies. I trade very less let alone 5 trades a day. Even some days go without opening a single trade. On average, I open one or two trades a day. FXOpulence provides all necessary supports to traders including crypto trading facilities.

 

[Fin_Trader]

Because many people want to earn big money on Forex, quickly and without any necessary training or experience. Therefore, they often play like in a casino and everyone quickly loses. To make money on Forex, you must first of all control the risks in trading and trade with a well-known and reliable broker with favorable spreads and unhindered withdrawal of profits, like in fxopen.

 

[PhoenixJ]

You need to be well educated in this market, have a good eye, and even be a little lucky. Also if you cant control your emotions, you're pretty much going to blow your account. Since there are a lot of impatient people out there, the stats suggest that 89% lose their initial capital. Of course, I think you should consider that 10% in the Forex market is ALOT OF PEOPLE. So don't lose your hope guys.

 

[Polakandil]

Maybe we only see successful people from the outside, but we don't know how they work, who always work hard and work smart. In forex, success is usually measured by how much profit they make, but not all traders want to publish their success because of privacy issues. I believe that all traders have the same potential for success, but their paths may vary.

 

[Lazarsblck]

because 80% of the people are du*b and the other 10% is just not lucky enough. People want to earn easy money, so what do you think is going to happen!

 

[Fin_Trader]

Most people simply don't want to learn. But one's own trading strategy is not developed so quickly. Moreover, after the first losses, many will be disappointed in trading and think that they are being deceived here, although they themselves have not made any effort to study the analysis of the market and its patterns. Laziness and the thirst for quick money ruin everything.

 

[Lee.me]

I mean that's how it is in most risky businesses with a chance of overnight success right?
It's not easy, it takes a lot of time and effort. Of course, there are those who are just too talented for this, or too hard-working to lose anyway.
After all that we have the lucky ones too. There will always some 1 to 10% elites to look up to in any field of such nature.