Newbie..percentage of success?

There are a lot of new traders who are joining forex trading but a large number of old traders is already trading in the market. I think the majority of the traders is old and experienced traders and very few numbers of newbies are there.

beginners percentage of success is based of his mental maturity,plans,experience.if beginners first well practice in the demo account knowing the basic concepts of trading, doing analysis with currency pairs, develop own tactics strategic plans,recent trends.then enter into the real account surely beginners should get good success.

If you think of forex as business and first learn the basics of this business and then enter this business, you will succeed. But you enter this business blindly, you can never be successful. So learn forex, trade on demo accounts, then trade with real money.

Quote:

---

Originally Posted by wolfkamikaz

If you think of forex as business and first learn the basics of this business and then enter this business, you will succeed. But you enter this business blindly, you can never be successful. So learn forex, trade on demo accounts, then trade with real money.

---

Absolutely right direction otherwise he or she will be looser not only in point of money but also psychological problem like depression, maladjustability and maladaptation and what not.

I completely agree for beginners and seniors would have already tergangu by trading psychology issues including emotional, greedy, impatient, etc.. you must continue to learn trading psychology, and also use the money to good management.

I dont think there can be such specific % of newbie success in forex . If newbie is guided properly then he/she can be successful trader.It takes time to learn , if newbie can be patient while win/loss then can be successful. Also if the newbie is not mature enough then might stop trading.

I would say the success rate of newbies are rather low. Forex needs not only good knowledge but also experiences and experiences can only be gained thru live trading. It will take sometime to gain experiences and until then newbies will suffer some losses. However if we have somebody to guide us then the learning process will be shorter.

every newbie not take profit in first time in Real trading.mostly they are losers,because some are not to control their mind,some are loss with emotion,some traders are trading only betting not trading seriously.

Quote:

---

Originally Posted by sweetrevenge88

Every newbie in forex has this insatiable drive to study forex. They are excited and enjoying trading in demo. But when they trade in live market and suffer loses they come to a sad realization that Forex is not that easy as they think it is. Do you think the traders who are doing trading in forex nowadays are mostly newbies or old traders? Tell me what you think. Thanks.:happy:

---

Of course the percentage of newbie success in forex is quite low. It takes a very gifted newbie to start making consistent profits from his first day of forex trading including demo trading. But with consistent practice, many newbies start making good profits early enough, usually within their first year of trading.

Yes, you are saying right but newbies also suffer in this field of forex trading, because they have no experience about trading they don't know about the trends of market, so, the day will come they are the big traders in forex trading. Day by day the interest of people is increased towards forex trading and every day newbies enter in this field.