Let me ask this straight. Are you part of the 5% of traders who make money regularly and consistently in the markets? If so, congratulations, you can close this page and go back to trading.
But if you are not, you are not alone. These are the statistics: of the remaining 95%, around 10% is known to breakeven or slightly lose and 85% consistently lose money.
As of today an average of 22% still do not use a stop loss and, as a result, they get margin calls and lose their capital (recent source: OANDA). In Western countries new and intermediate traders lose, in average, between $2,000 and $6,000 USD in 3 to 6 months.
So, let me ask you: what are you doing differently or what you plan to do differently to not be or become statistics?
One way to can learn how you can look at the market differently is to join my upcoming Webinar at FXStreet.com
Join my free Webinar next Wednesday 10, to see the relation between Order Flow and Algorithms.
In my trading I model Algos that can be used to frame price structure and for “price discovery”, thanks to the existence of Program Trading a powerful family of Algorithms active on all timeframes in several high volume markets..
The details are below…
Have a great day.