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

[Kite]

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?

[Kite]

Forex 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?

[marwaali]

Your words true, unfortunately,
Many traders know theoretical causes of loss.
But they fall again because they have not known it practically.
Many of the phrases you hear every day........But little is the one who really influence your..... that is the point .

[wasimrock]

thats a very good topic to discuss i guess. traders know all this facts for sure but still they loose in here, i think the reason behind it it greediness of them. thank you

[sagarpaul77]

If you are a skilled treader then you should not loss, but it is business we can't say we will make profit. Sometimes people make profit by apply their experience but it's not works all the time then they called loser.

[shafayetfx]

Forex is very interesting business so one control his mind on forex. Everyone try to double his balance in very short time this is the main reason of loser on forex.

[FAHAD089]

every trader use to say that we have to trade without fear , emotions and greed , but when he starts trading he can not git rid of these things , so they face loss , we have to deny this habit and do that what we say , then we can be a good trader

[tycoonforex]

every trader use to say that we have to trade without fear , emotions and greed , but when he starts trading he can not git rid of these things , so they face loss , we have to deny this habit and do that what we say , then we can be a good trader

Exactly! This same applies to me I am good in giving advices but when its time to trading in live, I don't know what happens, but I forget everything, and when I am in the difficulty situation I become so tensed that I take wrong decisions, and unfortunately my account gets blows. This has happened with me 2 times and I am still managing and finding a solution to this way.

[sastrowarwer]

i think many trader their loss is caused by their own mistake but almost forex trader blame others people about their mistake. only few trader want to evaluate their trading system to find the root cause of their loss. they want to find their trading system mistake then eliminate their mistake in next transaction

[mohamed4]

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?

You should always use your mind do not use trade emotions for being emotional may be lost and ended up in the loss and should that be able to manage emotions and experiences necessary well