Thread: Real reason why 99% lose - daytrading

There's just one successful daytrader I know

Point is daytrading is unprofitable and hopeless, longterm trading on weeks/months is profitable and history support it.

Have You Been confusing Buffett with Soros? Buffett's company doesn't trade, they invest (though you can class that as position trading if you're being pedantic) and nowhere in Berkshire Hathaway's report do they mention positions in FX, as a substantial part of the investment holdings, they could use FX for hedging, that is it.

In relation to your points here is a slightly obsolete report from the French financial authorities citing that close on 90% of customers lose trading FX and CFDs, it is the reason why many governments (with the assistance of central banks), will finally kill the retail industry, firstly by limiting leverage to 1:50 (finally 1:30), then beginning to apply warnings such as on cigarette packs, eventually banning all advertisements.

Retail traders lose because they're terminally under capitalised, use excessive leverage, do not understand risk and chance, and are hopelessly out of their depth with no clue what they're up against. Consider this; on a coin toss bettors should shed 50% of the time over a random distribution and yet 90%of FX/CFD traders shed, Why is this? Don't answer, it is rhetorical.

http://www.amf-france.org/en_US/Actu...f-7d4700ff37e3

Originally Posted by ;

There's just one successful daytrader I know

moneyzilla!

Originally Posted by ;

quote moneyzilla!

Is it a trader's title or anything else? I'm interested to know more!

Data difference

In all honesty, I only day commerce when my stop gets hit...

Originally Posted by ;

quote moneyzilla!

Not there yet, bro! But soon, I might turn into the next day trader in Michi's set of successful day traders...

Point is actual profitable traders use monthly chart and weekly for entrance and discount 3rd and 4th digit. For example price is moving out of 1.23 to 1.25 over 20 days Ill invest. If it drops 1 cent it's nothing to long duration, but for daytraders it's end of world.

Dear god, you whoppers are desperate to fool yourselves; undercapitalisation, resulting in excessive utilization of leverage, is among the prime motives retail gamblers/traders fail.

As for central banks and the authorities not wanting to kill retail trading, actually many do. Retail FX serves no purpose, it#8217;s viewed as reckless gambling. The money gambled and lost by retail punters would still stay in the banking system, if it wasn#8217;t dumped into the FX market.

Originally Posted by ;

I very much doubt central banks or other financial institutions will try to kill the retail industry because it is well-known that institutional traders exchange against retail traders so they might have no possible reason to want to kill it. I agree with the majority of the reasons you explained why many retail traders ultimately lose nevertheless being under capitalised is not among them. At the end of the day, even in case you cannot exchange a USD1,000 account profitably within a period of time (at least a year then having a USD100,000 account will not help. You may ultimately...