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!
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I have an example I learned years ago I’d like to share and it involves riding motorcycles. 30 odd years ago I rode motorcycles with a group of guys, and they were fast. Thing is that as i tried my best to keep up with them gradually they always pulled away.
I was determined to get this so I went out and bought the fastest bike on sale, it didn’t help. after quite a lot of consultation one guy said to me ‘go out and buy a bike half the power and you’ll get it, and he was right.
The point was it’s not the bike that was the problem it was me. learning to take risk, especially with your life is not easy and the more responsibility you have in your life the less risk you are prepared take, and what’s worse is that every few weeks someone i knew was killed on a motorcycle which didn’t help.
There’s more, to beat the fast guys you have to be faster than them, and how can you be faster than them or even learn from them when you cant even keep up.
You’ve got to want it and i mean really want it . I did beat him fair and square, it took years with equal bikes sadly he never rode with me after that and shortly after I gave up too but I never forgot what I learned.
It’s simple, stop using charts.
Stop trading – start sport betting 🙂
puffff i have done all of that but still losing…
So 10% makes money… but over what period of time? What about statistical significance? There are always some people making money in some period of time but this is natural distribution of probabilities – nothing to do with skills and strategy. Markets are pretty much efficient but it is quite easy to fool people to believe they are not. Trading psychology is the biggest red herring.
Francis hunt. No kind of track record. All BS.
Oh man this guy is dead on!
90% lost money simply because they can’t fucking manage their money. Plain and simple.
100% of traders lose money, but then make more the next day!
A decent trader will never stop to exchange, if the outcome isn’t great even he endeavor to exchange. After at some point you will understand your trading botches effectively. To exchange well one must need legitimate rule. Frame my broker Forex4you I am getting legitimate rule which exchanges well. They assist me with knowing the exchange market conditions too. So now I am ready to comprehend the trading traps. Furthermore I get super cool trading condition.
soo basically Gambling
At the first couple of seconds into the video I was wondering what language this is Czech,Slovakian etc. 😀
I use most of the time Divergence Patterns to make winning trades and it works great!
But you are absolutely correct! I trade for more than 6 years and what you just said is 100% right! When you open small positions then you can easily apply all kind of strategies and risk management. If you are not on the right direction with big positions then psychologically it is very hard to sustain the wave’s against you and no strategy will be helpful except if you have enough luck that market will turn onto your side which most of the time is not the case….. We need to keep in mind this video every time you open a trade! Thanks very much!
I love this video and these thoughts. This knowledge is gold even 3 years later.
cannot continue to work for a salary and not fuckin became crazy about how a fukin a lot of people make money to fuckin do nothing , it the worst torture . i cant be a fukin stupid worker anymore am gonna fukin shoot myself , i barelry can eat with my fuk salary crap even with a ”good” salary and a diploma ! this world disrespect me to much i cant continue fuck humanity i work so hard for nothing FUKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK
Retail forex is a scam and must be banned. No one makes money except those selling “shovels to the gold diggers “
Accept small losses, have a process. Emotional/mental capital is important. Only trade A+ setups. It’s very rare to be a Consistently Profitable trader in less than 3 yrs.
i have same chair :))
i would trust the advice of an assassin turned trader
I am looking for a tool for monymegment can you help me
just follow the system blindly
Wise words
Incorrect Title – should be:
99% of traders lose money… So how to be in the top 1%? Be careful what you believe – Forex is extremely Dangerous !!
Solid stuff! Spread betting haha. Forex changed my life entirely. Yall stay patient and dont give up ✊
Videos on my channel if anyone wants my take on the markets
NEVER go on full retard tilt….
The emotions are a traders downfall.
Wait , this is the Russian guy in the movie “LIMITLESS” that keeps coming back for more pills
if you never sell, you never lose!
Very eloquently put. Absolutely correct that traders often look for the soonest available “opportunity” after taking a loss, which is often substandard.
Just a question: You always hear the figures 90% and 10%, but where are they acutally from?
it s very helpful for trader
Don’t ask for combo in the beginning even if u see only French fries take it and whole ass.. this is day trading lesson for the beginners.. when u r on the driving seat u can be more aggressive with your trades. Arrive late than die
Secret of trading success is using proper stoploss
it’s not quite clear to me when the warning on every broker site says that trading cfd can result in losses higher than one’s initial capital. does it mean my account can go below zero?