90% traders gagal karena ini. (Cara jadi 10%)
Summary
TLDRThis video highlights why 90% of Forex traders fail and offers actionable tips for success. Key reasons include fighting the market trend, unrealistic expectations with small capital, poor risk management, greed, and indecisiveness. The video emphasizes the importance of following the market trend, setting realistic goals, and sticking to one system. It also stresses the significance of consistency, managing money and risks properly, and avoiding the temptation to chase big wins. By staying disciplined and focused, traders can improve their chances of success in the highly competitive Forex market.
Takeaways
- 😀 Be friendly with the market: Understand that the market is always right, and don’t try to fight the trend. Follow the trend—buy when it’s going up, and sell when it’s going down.
- 😀 Manage expectations: Don’t set unrealistic goals for your trading. With a small capital, expect reasonable returns (e.g., 10% per month) and avoid risking too much.
- 😀 Don’t trade with debt: Enter the market with money you can afford to lose. Forex trading is unpredictable, and relying on it to pay off debts is not a good strategy.
- 😀 Risk and money management are key: Without good risk management, even technical analysis can fail. Stick to consistent risk levels (e.g., 1%) for better long-term results.
- 😀 Avoid greed: Don’t compare yourself to others or get tempted by high-risk strategies seen on social media. Stick to your plan and trade with a clear strategy.
- 😀 Don’t be indecisive: Make clear decisions in your trading, whether to buy or sell. Constantly second-guessing will lead to losses and frustration.
- 😀 Accept losses and move on: If a trade fails, don’t try to recover immediately. Cut your losses, and wait for the next opportunity rather than doubling down in a panic.
- 😀 Avoid jumping between systems: Stick to one system and improve it rather than constantly switching between different strategies that may not fit your trading style.
- 😀 Adapt and backtest: Before implementing a new system, backtest it thoroughly. Adapting a system requires understanding its nuances and testing it before risking real money.
- 😀 Forex is for additional income, not a primary income source: While it can be profitable, treat Forex trading as a way to supplement your income, not as a quick fix for financial problems.
Q & A
Why do 90% of Forex traders fail in the market?
-The main reasons for failure include not aligning with market trends, having unrealistic expectations about returns, poor money and risk management, greed, indecisiveness, and constantly switching between trading systems without proper adaptation.
What is meant by 'being friends with the market'?
-Being friends with the market means accepting its movements without resistance. Instead of trying to predict or fight the market, traders should follow the market trends: buying when the market is going up and selling when it is going down.
What role does capital size play in Forex trading success?
-Having a small capital with high expectations leads to quick losses and margin calls. It's important to set realistic targets based on your capital. For instance, if you have 5 million in capital, aiming for a 10% return (500,000) per month is a good and achievable goal.
Why is risk and money management important in Forex trading?
-Risk and money management are crucial because they ensure consistent trading. A proper risk-to-reward ratio helps you manage losses and profits effectively. Without this, you may end up with significant losses even if your win rate is decent.
How does greed affect Forex trading?
-Greed can lead traders to over-leverage their positions, take excessive risks, and make impulsive decisions. Seeing other traders' profits on social media can fuel unrealistic expectations, leading to losses. Traders should focus on consistent, modest returns rather than aiming for big, unsustainable gains.
What is indecisiveness in trading, and how does it impact traders?
-Indecisiveness refers to a lack of conviction in trade decisions. A trader may hesitate or flip between buying and selling, or exit a trade prematurely after a loss. This results in inconsistent actions and missed opportunities. Successful traders stick to their trading plans and adapt when necessary.
Why do traders buy systems or coaching, and how can this lead to failure?
-Traders often buy systems or coaching in the hope of speeding up their learning process. However, constantly switching between different systems or following a new approach without fully adapting can lead to confusion and financial losses. It's crucial to choose one system, refine it, and practice before making further changes.
How important is consistency when managing risk in Forex trading?
-Consistency in risk management is essential to success. Trading with varying risk percentages (e.g., 1% one day and 10% the next) is inconsistent and leads to unpredictable results. A disciplined approach of sticking to a set risk management strategy is key to long-term success.
What should a trader do if a trade setup fails?
-If a trade setup fails, a trader should not panic or try to force a recovery immediately. It's essential to accept the loss, stop trading for the session, and reassess for the next opportunity. The market will always be there, and there is no need to rush.
What advice does the video provide about choosing and adapting trading systems?
-The video suggests that rather than jumping between different systems, traders should pick one system and improve upon it. Adapting to a system requires time, backtesting, and proper learning. Constantly switching systems leads to confusion and loss, as systems need time for proper adaptation and fine-tuning.
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