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Why do many traders succeed while other fails??

Postby yktan76 on 16 Jul 2009

Do you know? At least 98% of new Forex traders lose all their money within their first 3 months of trading. This means that they have no ideal what the heck they are doing! They just jump into the market blindly with only hopes and dreams and rely on the flip of a coin to determine their success. 98% of Forex traders are uneducated and lack the basic knowledge of how the Forex really works. They rely solely on luck without LEARNING ANY OF THE BASICS AT ALL! And reliable sources suggest that up to 10% of these under-informed Forex traders end up losing their entire trading account!

So do we assume that most losing traders are just ignorant? Of course not. Most losing traders are quite intelligent. In fact, most people who inquire about Forex trading have above average IQ's. So why do they FAIL...?
Last edited by yktan76 on 16 Jul 2009, edited 1 time in total.
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Re: Why do many traders succeed while other fails??

Postby adekunle881 on 16 Jul 2009

you are right in your write up but what is your advice for me that lost my account several times.makmorti
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Re: Why do many traders succeed while other fails??

Postby remesouth on 01 Aug 2009

Hi , it's right , i'm a newbie but i learned FOREX before trade . I hope i'll in 2% ... :D
first week i deposit 100$ and now my ballance 1145 $ 1000% rank 30 of week . I'm so lucky
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Re: Why do many traders succeed while other fails??

Postby LevLevLev on 05 Aug 2009

thanks for the article
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Re: Why do many traders succeed while other fails??

Postby fxtrader2009 on 10 Aug 2009

I and new in forex. I have visited your blog and the information really helpful. Now i able to make profit with the Forex trading.
Last edited by fxtrader2009 on 27 Aug 2009, edited 1 time in total.
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Re: Why do many traders succeed while other fails??

Postby fxtrader2009 on 20 Aug 2009

It's simple… I’ve been where you are right now, so…

I know how it feels to desperately want something better for yourself and not have the means or even know how to accomplish it.

I know how it feels to see and hear about others being debt free while debt and stress seems to be all around you.

I know how it feels to look into the eyes of a child, spouse, even yourself and know that you deserve more.
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Re: Why do many traders succeed while other fails??

Postby ForexKing68 on 02 Sep 2009

Forex is very difficult to learn. But if you can use a program like Forex Automoney (http://fxautomoney09.blogspot.com) without having to learn any skills, we think that would be a great way for anybody to start making money on the moneymaking Forex market. If you are going to invest in a program like Forex Automoney,you would rather not have to risk a lot of money up front.
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Re: Why do many traders succeed while other fails??

Postby gameover204 on 07 Sep 2009

yktan76 wrote:Do you know? At least 98% of new Forex traders lose all their money within their first 3 months of trading. This means that they have no ideal what the heck they are doing! They just jump into the market blindly with only hopes and dreams and rely on the flip of a coin to determine their success. 98% of Forex traders are uneducated and lack the basic knowledge of how the Forex really works. They rely solely on luck without LEARNING ANY OF THE BASICS AT ALL! And reliable sources suggest that up to 10% of these under-informed Forex traders end up losing their entire trading account!

So do we assume that most losing traders are just ignorant? Of course not. Most losing traders are quite intelligent. In fact, most people who inquire about Forex trading have above average IQ's. So why do they FAIL...?
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Re: Why do many traders succeed while other fails??

Postby gjordahl on 12 Oct 2009

yktan76 wrote:Do you know? At least 98% of new Forex traders lose all their money within their first 3 months of trading. This means that they have no ideal what the heck they are doing! They just jump into the market blindly with only hopes and dreams and rely on the flip of a coin to determine their success. 98% of Forex traders are uneducated and lack the basic knowledge of how the Forex really works. They rely solely on luck without LEARNING ANY OF THE BASICS AT ALL! And reliable sources suggest that up to 10% of these under-informed Forex traders end up losing their entire trading account!

So do we assume that most losing traders are just ignorant? Of course not. Most losing traders are quite intelligent. In fact, most people who inquire about Forex trading have above average IQ's. So why do they FAIL...?
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Re: Why do many traders succeed while other fails??

Postby BHOJIWOOD on 14 Nov 2009

WHAT IS THE BASICS THAT WE ALLR TALKIN ABOUT..?
whre to learn basics..can anyone share the impotant basics in brief..?
thanx
DIRECTOR DON
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Re: Why do many traders succeed while other fails??

Postby Admin-Support on 15 Nov 2009

Hi BHOJIWOOD,
The forum is full of articles describing the basic steps of Forex trading.
please have a look at the posts written by tropezienne and djsheckie, they are quite helpful.

we wish you successful trading,
The eToro Support group
eToro - Financial trading made simple
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