90% of traders lose money... So how to be in the top 10%?

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

1. Trading consistently and profitably requires a very developed learning capability, working memory, reasoning ability, emotion management, innovative thinking skills and the ability to simultaneously address several problems. Its actually scary how closely these traits are connected to the traits they test in actual IQ tests. I bet one could find successful traders have a very high IQ. Statistics confirm that 10% are successful. You must have the IQ in the top 10% and that would be 121 or more to be successful. Case closed.
2. 10% of something is better than 100% of nothing, that's pretty much the game of a retail trader. You try to compete with the top professionals, you will lose money every time because their game is set up and yours not.
3. 90% losing money the biggest lie in forex . if this many people lose money why there too much trader in the forex and every day we see new people starts trading in the forex ?
4. The 10% actually research the companies FIRST, have a strong bankroll management, and take advantage of their findings. They also don't day trade or otherwise the commissions can drastically add up to losses. They also AVOID messing around with penny stocks.
5. Wow!!! Gennady the loan shark become a forex trader.
   NZT-48 is real!!
6. this five minute video is better than reading 20 books on trading if you can apply it
7. Couple of months ago I started trading, I watched 8 hours non stop on a $100.- trade, I lost $5.- , the trading fee and exchange rate.... Buying two beers on a sunny afternoon also costs $5.-:)
8. Doesn't this equally apply to conventional stocktrading?
9. nice one
10. One look at this guy and you know he can trade.
11. is Hitman a trader?
12. This presenter describes total gambling win or loose. Benefiting from charts and patterns are an adult fantasy.
13. thanks
14. 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%
15. this guy is legit that a real trader
16. 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.
17. Did anyone think of Assassin's Creed or Hitman?
18. I see so many comments and and all that, well nice video but it's still very important to have a mentor
19. 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%
20. ZERO . SUM . GAME .