80% of traders take a loss
The most important fact to acknowledge when thinking about trading the markets.
Trade to Trade, not to profit. This may sound odd but seriously you have to enjoy the markets and don't expect a lambo, don't expect to make consistent profits and don't rely purely on CFD's leveraged trading.
Invest smart, hold a bunch of investments, positions, diversify your investment portfolio.
Trading accounts were designed to be a hedge against your long term investments, for instance; when you buy apple and reach a nice profit, you can open a short position in the form of a CFD to offset against any losses.
It has been found that taking advantage of these accounts can mean MASSIVE profit and that's genuine too, although don't be a twat and go in blind, with no knowledge or education the markets will crush you and the losses are just as massive.
Ask the right questions, find the right broker, I made all the mistakes so hopefully you do not have to, just ask.
I took losses and I also invested years learning, educating, reading and practicing so that I could get to where I am today with my Hyundai Getz and a 9-5.
Trading is my hobby, but more often than not, I now take a profit
come back
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Most traders have a below 50% win rate, but it's not about the win%, it's about letting your winners run and cutting your losers short.
Nice theory, thankyou, I was talking in terms of general statistics of traders who take a loss (overall). I guess your win rate will totally depend on your trading approach and time frame.