Trader's know it, but why still a loser?

[sirwilly]

Knowledge is one thing; but applying knowledge to real life trading is quite another. There is so much taht is involved besides knowledge: emotions, money management, risk reduction and so on.

[onlyforsoldi]

i am 100% agree with your comment. but, beside your comment i find some trader make a mistake of not give a stop loss in a open trade. it is also dangerous.happy trading

i know traders who do that , they open the position without stop loss or take profit orders and leave the trade and when the trade is making great losses they hope the price will return and make profits but most of the times the price continue to make losses until the margin call

[lulupi]

i know traders who do that , they open the position without stop loss or take profit orders and leave the trade and when the trade is making great losses they hope the price will return and make profits but most of the times the price continue to make losses until the margin call

yeah youre right sir, in my opinion ff this happens, the trader must learn to put the exit point in trading them. Likewise with a stop loss point can be borne, so that capital is not depleted. Well, when there is hope prices turn around, then it should be avoided as a waste of time

[topman]

Bad habit in trading will cause damage for loser. Repeated the mistake again, again, and again. Not willing to change or corrected that mistake. The victim of repeatly mistake is the big loser.

[ut3t]

Guys, I just want to bring this discussion because I think we can learn from this topic, As the title says: traders know it, but why still a loser?

Traders already know that you must have good strategy,implement money management, be discipline and emotionless in trading....etc etc.. in fact the words discipline and money management is I think the most repeated words in every trading book or discussions. But why is it that still 95% of traders loses money in Forex?

In my own opinion one of the reasons is that, most traders can not impose self-discipline in his trading, since you are trading alone and no one is looking at you,you can easily violate your rules...so I think traders should assess first his personality as a person, before thinking of other things....While their are more institutional traders succeed in trading because somebody is watching their back....if they start to violate their trading rule...the supervisor will call your attention...or a particular application software will simply wont allow you to override a particular strategy......

What is your opinion guys?

True what you say here, that sometimes is not our strategy is not profitable, or we are not big enough capital, or money management is less arranged, but rather the emotional side of us that are not set up so that we are trading in a state of fear or we feel we should have could get far more than our own trading plan.

[wavestraders]

i know traders who do that , they open the position without stop loss or take profit orders and leave the trade and when the trade is making great losses they hope the price will return and make profits but most of the times the price continue to make losses until the margin call

so many reason why most of us lost in this market and one of them are the wrong money management and enter the market during the news time

[alipb2]

I guess regardless of all the reasons that make traders lose there's a main reason which got nothing to do with trader's emotions and behaviour, there must be more losers than winners and the forex market work like that so even if we all follow the tips and suggestions there must be losers in this market

[new10lover]

I have read a recent study in America that 75% of the daily traders lose everything in two years , in spite of (as you said ) all forex learning resources free on the Internet and already trader's know it , and I truly believe that the reason not to impose self-discipline in trading , I have read a book called "Self-Discipline in 10 Days " it very good book , google it

[sastrowarwer]

so many reason why most of us lost in this market and one of them are the wrong money management and enter the market during the news time

i think wrong money management is very dangerous for our account. we have to prepare good money management before start transaction in forex trading. wrong money management will lead to margin call

[Putry]

Trading on the forex does require high skills and the ability to analyze the market is good but it also takes mental courage
and always take a good attitude to always profit and winning in every transaction
Thank