It is said that 95% of newbie traders lose their trading capital within the first dey days of trading, is this true and why is it so?
Printable View
It is said that 95% of newbie traders lose their trading capital within the first dey days of trading, is this true and why is it so?
I really don’t believe that many people lose, it’s a figure that is basically self-built and there is no certainty about this so it can be less or even be more but definitely not 95%, I believe it should be around 80-85% that people end up losing in this amazing business but nothing more than that.
I am those lucky winner categories and all because of OctaFX broker, it has lovely 50% bonus offer on deposit that helps me with my original investment and with such a big addition I am able to perform so much better and not just that but we are given extra chance to withdraw the bonus itself by completing the requirement of the lot size.
Most traders lose because they start trading with no education on proper forex trading,thinking that they can be overnight millionaires! If you are willing to get a good eduction and adhere to the taught principles then you will be ahead of the average "Trader"
Deposit bonus is actually used to increase the margin of capital used for trading, deposit bonuses are most in demand by traders is bonus money does serve as additional margin against Margin Call and Stop Out trigger. Now TenkoFx, giving bonus money does serve as additional margin against Margin Call and Stop Out trigger. a bonus of 15% will be put into the account of trader directly, but make sure that we know about the rules of this bonus promotion
I think all the newbies in the Market don't have control on their emotions and their emotions can leads to massive losses in the Market, so they need to be cool minded in the Market.
If we can not control our emotion when trading, how we can get maximal result? Management skills and analyzing skills will become in vain because we can not maximize it as well as possible when trading. We can try to learn control emotion using small amount, like in TenkoFx using cent accountQuote:
Originally Posted by Rahul247
Follow us to a new height!
Yeah, that's the point I want to make because lot of trade just go with the emotions in the Market and that is the time when they lose money, so control over emotions is really important.
Early on in my career I was also one of the losers but then I decided I am going to understand Binary trading well first as I do that only. I was very fortunate I found the best
Best Binary Broker site that guided me about Binary trading so I was able to do well and not only that but there they also suggested great companies and also all the latest news and updates about them so even following that was terrific.
Most common reason is lack of knowledge, experience and sense. If we have that and still lose then it’s down to be greedy, so that’s why I believe we can make good profits if we get proper education and learn to build plans, I trade with Nova FX broker where I get excellent chance for getting education right due to their special section for it and also their customer service keeps helping me in every little stuff that I need to know.
many newbie's loss in forex trading because forex is a business that has a high risk, the risk that it is to be successful in the business, we not only need a good trading skills alone but we also need a good trading psychology