What can be done to increase the percentage of traders making money

[tunna]

Hi what can be done to increase the percentage of traders making money in fore all over the world because it is said that only 5% of traders are making money in forex .And i feel it is not suppose to be please share your ideal of what should be done to this problem affecting traders.thanks

[zoomfire]

Hi what can be done to increase the percentage of traders making money in fore all over the world because it is said that only 5% of traders are making money in forex .And i feel it is not suppose to be please share your ideal of what should be done to this problem affecting traders.thanks

one person cant do anything.Making profits depend upon their talent.So if you are making profit,be happy.Why do you worry about all the traders in their world? they will take care of themselves.

[kale2010]

Hi what can be done to increase the percentage of traders making money in fore all over the world because it is said that only 5% of traders are making money in forex .And i feel it is not suppose to be please share your ideal of what should be done to this problem affecting traders.thanks

i think the 5% is fake and the the percentag is bigger than 5%

[sathish999]

in order to increase the percentage of traders making money, the traders should practice a lot with demo account until they become full-fledged.

[tunna]

Do u really think that will help the situation here.
Because demo trade is not like real account.
do you know that.

[Technical]

it not incresing the percentage of winning.
Say for example you win 9 times with 5 % profit and loose 1 time with 60% stoploss. you will not earn at the end.
You should be getting good risk reward ratio which will help you even you loss 10 times in a row.

[magnifico]

well i don't know.its up to all traders to fasten their seat belts and use better strategies if we want to make more money on the forex market.

[Stockwalker]

it not incresing the percentage of winning.
Say for example you win 9 times with 5 % profit and loose 1 time with 60% stoploss. you will not earn at the end.
You should be getting good risk reward ratio which will help you even you loss 10 times in a row.

I don't think its that simple. Just putting the SL to 20 pips and putting the TP to 100pips won't make you a good trader. Just because you heard that its good to trade high R\R ratio trades doesn't mean only this step will help you.
In my opinion everyone of us should place the SL to right market level, according to the situation and not to use fixed SL\TPs.

[dmambi]

The best thing that can be done to increase the percentage of profitable traders is to make them all MT5 members and start healthy forex discussion. since only knowledge sharing helps us to improve.

[traderforrich]

sharing of experiences is necessary for all traders ..
learn from the mistakes of others will make us improve ourselves so as to increase our profit in trading ..