Forex Trading

Forex Trading

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If 90% of Traders Use TA to Day Trade Why do 90% of Traders Lose....Read On

You can use all the TA indicators you want in day trading but one rumor, comment or news will blow it all out of the water! Why do you think 90% of Day Traders use TA ? Answer.... because its the easiest way to teach people how to trade....however, why do you think 90% of Traders fail ?....Answer....because markets are run by humans who are controlled by emotion and reason, hence when you are day trading you are much better off trading news and events then relying on TA. New information coming into the market changes peoples opinions and perceptions which will move markets, even if only slightly, and that gives you the opportunity to profit. TA certainly is helpful and it can work when swing trading over the medium or longer term. When learning to trade we did a day flipping a coin, heads you long, tails you short and most of us where flat at the end of the day.....what does that tell you.... it tells you Day Trading is highly unpredictable!! If you trade news and economic releases and take small profits from small movements on traders impulses after these announcements are released you can get ahead in Day Trading............find out more email me at pombe@hotmail.co.uk

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  • July 6, 2012
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  • Mike G.

    Mike

    Mike G.

    Trainer and Coach for Students Who Wish To Learn FX, Forex, Foreign Currency Trading

    TA's don't work for day trading. Agreed. We trade trends around news not during it. We wait patiently for great setups then follow the MM and RM rules. Most people have no clue b/c the brokers pump out junk education just to get their accounts for the few pips. This is sad for the average trader and also short sighted for the broker. If you teach someone how to trade with success, a broker will keep the client longer and make more money. Sadly the short sighted approach dominates the industry for short term gains.

  • Matthias C. D.

    Matthias C.

    Matthias C. D.

    Head of Trading at Usd Invest FX, Inc.

    I agree totally. Daily volatility is unpredictable and goes where it wants to.

  • David B.

    David

    David B.

    Founder & Owner at Bulliwag llc

    Day trading is stupid.I'm a Warren Buffett type. Buy and hold.My company Bulliwag.com is up 18% for the year.

  • Chartsky T.

    Chartsky

    Chartsky T.

    Moderator -- Trading Room -- Chartsky Trades

    Colin . . . I disagree with part of what you wrote: "However, why do you think 90% of Traders fail ?....Answer....because markets are run by humans who are controlled by emotion and reason * * *."

    I find that most markets are now controlled by High Frequency Trading Computers. Certainly the stock markets but now even the futures (which I trade) are much more than 50% computer trades. As much as 80% of volume is computers.

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    Unpredictable. Really? Go to my site and see how unpredictable the market is.

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    The lose because 90% of traders is using it the same way....

    John
    Ecnliberty.com

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