Why we are not belong to the 5% successful trader yet?

There will be no change to this thread, save its new location in Forex Factory, and it will ... We then put this all together to do SIMPLE yet very profitable trading: .... that successful and profitable trading is 95% psychology and 5% technical skill.

We are not in those 5% because we all are not serious in study and experience, we always do the same mistake that we did in our earlier trades, we don't learn the lesson with our loses, we don't understand the market trend, we don't read what experts say, so that's why we are not in that 5%

If you want to get profit 5% of your equity so you must be ready to risk 5% of your equity too except if you want to get profits from several transactions not only one transaction. There is no guarantee that the strategy can give accuracy until 90% because strategy can work well if it was used in the right timing too. I ever knew if same strategy is used by many traders but the result could be different among them.

In my personal view the reason why most trader doesn't get into 5% category who make money is because 95% of trader is mostly lazy. Only the 5% of all trader who are willing to spend several years of hard work developing good trading skill, it's very hard to become a profitable trader that is why only 5% of traders out there who are willing work hard for it.

Probably the lack of confidence. a great sin for any merchants who are working to honestly cheer for any situation to handle. I think there is 5%, not enough of experience we should trade our every marketer must work hard. They should get proper knowledge and then begin negotiations.

Yeah, there are no clear data about it. I think it just a rumor that discourage us to do fores with focus as our main and only one job. I'm really sure that there are many trader who can success in forex. Let just say that we are in 5% form those rumors. Is it will improve our self confident to use forex as our main business? I don't think so. Let jus do hard work in learning ad practice forex and let the market decide our success or not.

There are so many reasons why people fail in the forex. Most of the reasons are:
. greed
. lack of plan
. indiscipline
. over trade
. no risk/ reward

If you avoid all of these, surely u will will not be among those 95%.

I am a new trader now i am learning but as so far i know 95% trader loss money this is not true. 95% beginner lost their money every day. so do not be worry learn it first & gather experience you also income money from Forex.

May be now we are not in the 5% trader but if we follow or keep continue our learning & practicing then once we can be count in the 5% but it really need long time. Forex is not for some months if we want to be a good trader then we have to be able to keep patience for long time.

I believe that passionate learners can only reach the goal of 5% traders in this market. I know that 95% traders are looser in this market. But my main point of view is that 5% traders are only able to get profit here because they are main passionate learners of this market.

i am not totally agree with you,i heard that 95% new trader face loss at forex market,but now the ration is change that is near about 99% new trader face loss at forex market,they face loss because the operate there trade without proper trading knowledge and skills

Because there is no full knowledge of trading in foreign currency trading market and also lack of good learning and understanding of the market and learn currency analysis and the lack of experience which enables the merchant to obtain profits, and I hope for all good luck

Look if we need to be there in the 5 % traders of the world who wins more the the loses than what we need to do is that something which will differentiate us from the majority of the traders of the world this is what could be done i would say .

I do not believe that there are 5% winner and 95% looser in Forex because i believe that the one who have knowledge and practice in demo account he definitely make profit so it is not so that many people in Forex loose their money.so if we learn then we can earn in Forex.

simple question yet hard. You need to know that the 5% you says is impossible as well since 50% of the traders will win when the other 50% lose. And then, if you're saying you're not the 5% then it's more easy to answer, because you're not experienced enough.