Thread: Now I know why 95% of traders are on losing side

Retail traders lose because the market is rigged to allow them to shed. Fx is controlled by the big banks, it's their game. You are better off gong to Las Vegas, at least there you can enjoy some drinks and a show as you're losing your money.

I always argued that if 95 percent of traders aren't successful it means that the issue lies within our methods and not ourselves. Numbers don't tell lies.

Numbers indeed don't lie - it means forex is a rigged market. The problem will lie , traders return to play in an unfair match. Your first loss is your very best loss - it's telling you to quit being a sucker and get out of forex. There is a far better way of making money - get a job.

Originally Posted by ;

and that working hard means 40 hours each week selling their labour to another guy.

Who takes risk in company like the risk traders perform.

I agree with you, it's a mindset/eduion/cultural thing. I like to say quit working hard, begin working smart. I really know several millionaires, all left their money with smart ideas (not to confuse with intelligent new goods, btw!) , hard work may be part of it (is nearly always was) but it was never the reason behind their success. Know your times worth, if your money depends upon your time you are f*ck*d. You can't scale your time, only employees, space and money.

I am honestly not sure if I should get involved in people why retailers lose discussions, so when I stop to react you understand I made my mind up

Originally Posted by ;

I constantly contended that if 95% of traders are not effective it means that the problem lies in our approaches rather than ourselves. Numbers do not tell lies. Numbers don't lie

Yes, they do not, however no, maybe the calculation of that amount is/was flawed. There surely is a potential time period issue. Btw, the numbers are not THAT different from new companies.

Originally Posted by ;

Your first loss is your best loss - it's telling you to quit being a sucker and get out of forex. There is a much better way of making money - get a job.

Which could be true for you personally and for many other folks. However, if you are really running a company losing is merely part of it just like in trading (hint: your boss is operating a company, it's the very reason folks like it's possible to find a job). Early 2010 I bought myself into a engineer office in Germany, end of 2010 I noticed my business partner has a couple of problems and is sabotaging our success. End of 2011 I finally realized I need to push him much more difficult to not allow the business fall apart. 6 Months later I understood he's bipolar disorder little later he expired with a brain bleeding. Following a struggle with his heirs I shot over the whole company, remodeled it a little bit and marketed it off by slice. I did all that alongside taking good care of the day to day company. And now people want to tell me trading is more difficult? Yeah, fantastic joke. Since I am trading I will really manage my risk much better than I ever could in so called real company, I could sleep at night and I barely work over a couple of hours a day.

If you are really running a company losing is merely a part of it like in trading (hint: your boss is operating a company, it's the very reason people like you can get a job).


Trading retail Foreign Exchange isn't a company, it's a pastime or worse yet, a gaming addiction. Oh, btw, I do not work for a business, I teach at a college. What you say might be correct, but the simple fact remains most retail traders lose. It is because the game was created for them to lose.

Originally Posted by ;

It's because the game is designed for them to shed.

Ok fine, I give up. Believe want you want.

LOL... this thread was dug up from the last.... eh? Same old subject, same old outcome.

For people who haven't or can't, it's gambling. For those who have, it's business. Yada yada yada ....

One need look no farther back than Smartmoney's article #262 for the truth of it all.

Here are my 2 cents on this matter.

You're able to exchange FX with leverage but you can also exchange it with no leverage. Simply shuffle the actual money you've got from 1 currency to another and start thinking about which currency you need to keep it in. If you start trading without leverage currencies (as an investor not a trader), then you will start thinking entirely differently about economic news, technical analysis, etc.. You're going to begin searching for bonds yields (an essential part of the fx market!!!) . You'll also realize how complex and arbitrary trading is (like trying to forecast the motion of a candle at the end ).

Many individuals who come to FX are looking to get rich fast and with no effort. That's gaming, end of story. If you want to become good at it, then you can too try poker. May be your chances are higher there.

In the event you truly wish to be succesful in foreign market, trade with no leverage, and get pleased with 10% to 30% growth per year. That's the mind set.

Originally Posted by ;

One need look no further back than Smartmoney's article #262 for the fact of everything.

Thanks Chris. I read that article when it was composed, and it struck a chord with me personally, but I've never been able to locate it . Totally agree with you, his comments about randomness (the greatest paragraph in blue typeface) are particularly true IMO, and nothing much has changed in the intervening 7 years. Too bad that he contributed 3 posts before evaporating.

Originally Posted by ;

if you are really running a company losing is just part of it like in trading (hint: your boss is running a company, it's the reason people just like it's possible to find a job). Trading retail FX isn't a company, it's a hobby or worse yet, a gaming dependency. Oh, btw, I don't work for a business, I teach at a university. What you say might be right, but the simple fact remains most retail traders shed. It's because the game is designed for them to shed.

I would argue that universities are businesses.

Originally Posted by ;

quote Thanks Chris. I read that article when it was composed, and it struck a chord with me personally, but I've never been able to find it . Totally agree with you, his remarks regarding randomness (the greatest paragraph in blue typeface) are especially true IMO, and nothing much has changed in the intervening 7 years. Too bad he contributed 3 posts before evaporating.

Hello David, yeah well, you know how it goes here. The majority of the good ones stay very infrequent. Too busy... you know... trading.

Hope all is well buddy.