90% of traders lose money... So how to be in the top 10%? | Forex
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90% of traders lose money... http://www.financial-spread-betting.com/Lose-money.html So how to be in the top 10%? Francis Hunt a technical analysis trader and coach comments. What are the bad habits to avoid? What are some trading mistakes to avoid? Is trading forex, indices and commodities a giant casino? Decide on a strategy that looks after all elements of money management. You've got to manage losses and you need to have a system that will make more money than it loses. Patterns are probably the most important technical analysis tool for me. If you've found this video useful, please click the like button and share it with your friends and remember to SUBSCRIBE to remain up-to-date!
Comments
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2:35.....If you lose 20% of your equity I think you need to make back more than 25% to recover the losses....More like 33%
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As the disclaimer quite clearly states, its a big gamble! and logically that gamble is in a totally random market when It comes to the forex scenario.
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I see so many comments and and all that, well nice video but it's still very important to have a mentor
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You have an error, in fact, 99% lose money in the long trade. If you are in the forex one day your profits with the probability of 50%
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ZERO . SUM . GAME .
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bald as a Cucumber that's why you should not trade....
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I dont know why 90% loses so much they stop.
Even without a system in the past i was succesfull. Nowadays ive awakened a bit..
Still its important to do it in small steps and not take up to great a position.
Even i and my mentor get wrong a lot of times. But of from 10 times 7-8 times are succesfull its on. -
I am not getting rich but I am not losing any money either. I have losses that are going to be very useful for putting against some stupid tax deferred BS investments sold to my parents by so called professional financial advisors, and I need to amend some filings to carry some other losses, courtesy of those same advisors. One of these bastards disappeared on me. It turned out he had been arrested for a stupid street fight, but never bothered to call any of his clients, so I am done with these so called professional advisors. Things I have learned. If a brokerage house gives a stock an A rating it is just as safe as cash, and just about equally as likely to increase in value. It won't! You may as well stuff money in a jar and bury it. Their evaluation is: It made money in the past, and that is why they gave it their "A rating". Un rated stocks, foreign tech stocks doing new unique things, have always done very well for me, but I need to understand what they are doing, technologically. If it is viable, it is always a winner. ARCM was just snatched up by global giant General Electric. Those 900-1000% gains offset the other risks I take, that don't work out. Day trading is for suckers! Tax deferred annuities are for suckers. The world is filled with sucker bets. It is also filled with traders that had a lucky streak, made some money. Now they have made up a "system" and are willing to sell you their system for a price. This has now become their primary source of income, and their system may as well be "how to pick winning lottery numbers".
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Looks like a nice H3 setting up on the chart.
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My experience of the stock market and I've been following it since 1985/86 is that it is total bollocks. I bet if somebody did the maths they'd find if you took all the money that had ever been invested (allowing for inflation and dividends reinvested as well) then took the total value of said stock market now one would find the second value was a lot less than first. One reason being all the tossers that milk/skim/scalp the system every day thus denying the average simple man, investor, pensioner their right ful return on the investments they made. Nowhere else in 'the real world' could anybody get away with the bullshit that is allowed or cynically justified in todays modern stock market environment, short selling being another example.
On top of that you have the out right deception and fraud perpetrated on the average investor that buys in in good faith and why would they not. Just 3 examples I invested in, RBS, Kazakmyhs, Tesco, all three lying through their teeth both in their 'PLC' accounts (bullshitting accountants) and directly to investors in the case of RBS. I would warn all financial idiots out there that I stand in the way of justice, and I will not hold on forever, the mob would have you all thrown out of your top floor windows. I've given you all years yet still you fail to repent and are still at it now with the short selling of sterling on the foreign exchange. i could if I chose unlock the gates of hell at any point. Beware the false prophets (profits) of capitalism! -
Does anyone get fucking triggered when they look through all the forums and see people saying "this brokers stealing from me they took a swap fee, thats stealing, they're a scam for this blah fuckin blah" get the FUCK. out of any sort of currency trading u stupid cunts before ANTON KREIL SLITS YOUR THROAT FOR BEING AN UNEDUCATED WHINING SUCK CUNT LOOSER.
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Ive made more money trading from my phone than i have from my six monitors at home. As long as you have an entry and exit signal/strategy and you can manage your lot sizing, thats all you need as i have made £4200 in less than a month and thats with a 5% risk per trade.
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When you care more in how to manage drawdown of active trade in progress, instead of giving importance in making profits, then you start understanding what the trade is about. You start understanding the importance of time-frame, the size of each partial bet to place vis-à-vis your capital size, and how long you should wait out or in to enter or to exit a trade; how and when to pyramid your position, and then, loses and profits will behave as you expect to behave and you can keep your emotion totally out of equation. Drawdown oriented trade with correct risk management are what you should focus on for a higher probability trade. Temporary losses during a trade are natural outcomes to manage. Nobody can avoid losses; but how you handle losses make all the difference I share my above belief with you based on my experience in trade.
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one of the few traders who didn't have an attitude or have the urge to showoff how much money he made .. the most sincere trader i've seen so far when it comes to explaining trading
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all the tools in trading the markets, are essentially a waste of time,
unable, useless.
you might as well use a cristall ball to try and predict the future.
what we do in real life is to place a bet on the market,
i repeat , we place a bet, we can speculate, with our vews and beliefs
but
we have no control what so ever in any shape or form on the outcome of
the bet.
we cling to indicators and lots of screens, to please our psyche, so
when we do get a bet, we have the illusion that it was because we are
intelligent traders.
when in reality we were just lucky.
the only skill we can be proud to posses is :
the tecnical part of the bet, the money management, how we enter and how
we exit ,the risk reward aspect of the bet
.there is no good traders,
there is just sensible traders.
the day you understand what you are actually doing "trading"
is the day you will start to make money. -
well not to lose money first u can avoid this broker plus500.This plus500 site such a scam..once deposit money and trade for weeks and then if you try to withdraw ,they suspend your account ,take all your profit and give your deposit back saying terms and conditions .overall you end up making money for them and if you lose by trading i guess they make money off you anyway...i switched IG way better legitimate company..and plus500 hates scalping and hedging pretty much everything that will make u win
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90% of the people who follow this guys guidance will lose money. Just saying'...
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I have my own strategy, I basically just limit my exposure to any stock I'm not sure of. If I feel confortable about it later and see a trend, then I'll just increase my exposure or add to my position. Two small commission fees is so much better then losing a pile of money, trying to make a lot money in the market on a single trade. (*Trade Secret*) I don't think any can teach you this stuff, you just have to a plan a strategy before your start. Don't try and steer and drive the market by the seat of your pants, your almost guaranteed to lose money.
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You just kind of reworded having a system, managing losses, which is fine but what are some good tips for seeing trends? Like the first 30min of the day, when it can be make or break for a lot of $3-7 "penny stock"? I am asking that because I don't have the equity to make more solidified trades.