Why Do 9 Out Of 10 New Traders Fail?

Trading in financial markets is an enticing venture that many people have taken up in recent years. With the advent of online trading platforms and the ease of access to information, it has become relatively easy for anyone with an internet connection to enter the world of trading. However, despite the accessibility and potential for high returns, statistics show that 9 out of 10 new traders fail. This article explores some of the reasons behind this high failure rate.

Lack of Education and Knowledge
One of the most significant reasons new traders fail is their lack of education and knowledge about the markets. Many people dive headfirst into trading without understanding the basics, such as how the market operates, the types of financial instruments available, and the risks involved. Without a solid understanding of the market and its complexities, it's difficult to make informed decisions and avoid common pitfalls.

Unrealistic Expectations
Another major reason new traders fail is their unrealistic expectations of what trading can offer. Many people are attracted to trading by the prospect of making quick money and achieving financial freedom. However, trading is not a get-rich-quick scheme, and success requires discipline, patience, and hard work. New traders often enter the market with unrealistic expectations, which can lead to making impulsive and irrational decisions that result in losses.

Lack of Discipline
Trading requires a high level of discipline and emotional control. New traders often lack the discipline to stick to a trading plan or follow a set of rules. They may become emotionally attached to their trades, making them reluctant to cut losses or take profits at the right time. This lack of discipline can lead to making impulsive decisions based on emotions rather than facts, resulting in significant losses.

Failure to Manage Risk
Risk management is a crucial aspect of trading. New traders often fail to manage their risk appropriately, exposing themselves to significant losses. They may invest too much money in a single trade or fail to diversify their portfolio. Without proper risk management, a single trade can wipe out a significant portion of their capital, making it difficult to recover.

Lack of Experience
Experience is a critical factor in trading. Many new traders lack the experience to navigate the complexities of the market successfully. They may not have encountered different market conditions, such as volatile markets, high-frequency trading, or sudden market crashes. Lack of experience can lead to making wrong decisions and incurring significant losses.

There is a way to succeed...

Trading is a challenging endeavor that requires discipline, knowledge, experience, and risk management. New traders often fail due to a lack of education and knowledge, unrealistic expectations, lack of discipline, failure to manage risk, and lack of experience. To avoid becoming a statistic, new traders must invest in education, develop a sound trading plan, practice discipline and emotional control, manage risk appropriately, and gain experience through practice and exposure to different market conditions. With dedication and perseverance, new traders can succeed in the challenging world of trading.

Forget the parlor tricks, the magical Indicators and mystical Oscillators. It's 99% nonsense created to pick your pocket before you even get to Wall Street. Instead of doing what 9 out of 10 Traders do, find a teacher and actually LEARN HOW TO TRADE!

How?

Take a 1 Week Free Trial at MyTradingIQ.com. Learn what it's like to have a Mentor and be a part of a vibrant trading community with zero risk. We invest our time, energy, and resources in you, for 5 consecutive trading days. It doesn't matter what day of the week or weekend you join the Trial. Once you register we will help you set up your trading platform with our Indicators. For those who use TradingView, we will enable the TIQ Indicators in your TradingView account. At the end of 5 days you'll be able to make a well informed decision if you actually have what it takes to LEARN HOW TO TRADE!

Be sure to read all CFTC Risk Disclosures and CFRN Disclaimers before taking the Trial. If you have any questions call 949-42-EMINI or email support@cfrn.net. You will have daily live training and around the clock support during your Free Trial.

Why Do 9 Out Of 10 New Traders Fail?

The Stuff Wall Street Doesn't Want You To Know

Wall Street is the hub of the global financial system, where the world's biggest banks, investment firms, and hedge funds operate. It's a place where fortunes are made and lost in a matter of seconds, and where the most sophisticated financial products and strategies are developed. However, Wall Street has a dark side, and there are many things that it doesn't want retail traders to know.

One of the most significant things that Wall Street doesn't want retail traders to know is the extent to which they manipulate the markets. Wall Street firms have access to vast amounts of information and resources that allow them to influence the direction of the markets. They can use their knowledge to manipulate stock prices, futures contracts, and options, making huge profits in the process.

Another thing that Wall Street doesn't want retail traders to know is the extent to which they are at a disadvantage. Wall Street firms have access to the latest technology, the best research, and the most talented traders. Retail traders, on the other hand, are often trading from their homes, using outdated technology and relying on their own research. As a result, they are at a significant disadvantage when it comes to making profitable trades.

Wall Street also doesn't want retail traders to know about the risks involved in trading. Many retail traders believe that they can get rich quick by trading stocks or options, but the reality is that trading is a high-risk activity that can lead to significant losses. Wall Street firms have risk management strategies in place to protect themselves from losses, but retail traders often don't have the knowledge or resources to manage their risks effectively.

Finally, Wall Street doesn't want retail traders to know that they can be successful without trading. There are many other ways to invest and build wealth, such as investing in real estate, starting a business, or investing in mutual funds. Wall Street firms make their money by trading, so they have a vested interest in promoting trading as the best way to invest. However, retail traders should explore all their options and find the investment strategy that works best for them.

In conclusion, Wall Street has many secrets that it doesn't want retail traders to know. Retail traders should educate themselves about the risks involved in trading, the advantages that Wall Street firms have, and the alternatives to trading. By doing so, they can make informed decisions about their investments and build long-term wealth.

Don't let Wall Street fool you. Take a 1 Week Free Trial at MyTradingIQ.com and use our Super Simple TradingView Indicators. Be sure to read all CFTC Risk Disclosures and CFRN Disclaimers.

The Stuff Wall Street Doesn't Want You To Know

Which Trading Community Should You Join?

The Christian Financial Radio Network (CFRN) has a community of traders who are unique in their approach to trading. Unlike many other trading communities, the members of the CFRN trading community are guided by a set of Christian principles and values that inform their trading decisions and actions.

One of the key values that sets the CFRN trading community apart is their commitment to integrity and honesty. Members of the community believe that it is important to trade with transparency and to be truthful in their dealings with others. They strive to build trust with their fellow traders and with the wider trading community, recognizing that trust is essential to building successful and sustainable trading relationships.

Another value that guides the CFRN trading community is a commitment to responsible and ethical trading. Members of the community believe that trading should be done in a way that is consistent with their Christian values and that takes into account the impact of their actions on others. They seek to avoid taking unnecessary risks or engaging in unethical or exploitative trading practices, recognizing that such behavior is not only harmful to others but can also undermine the integrity of the trading community as a whole.

In addition to these values, the members of the CFRN trading community are known for their generosity and willingness to help others. They recognize that trading can be a challenging and sometimes isolating activity, and they are committed to supporting and encouraging their fellow traders. They share their knowledge and expertise freely, and they are always willing to lend a helping hand to those who are struggling or in need.

Overall, what makes the members of the CFRN trading community so special is their commitment to living out their Christian values in their trading activities. They are guided by a set of principles and values that emphasize integrity, responsibility, and generosity, and they are committed to building a trading community that is both successful and sustainable over the long term.

Take the FREE TRIAL at MyTradingIQ.com and if you use the TradingView Platform send us your user name so we can activate your Indicators for the Trial.

Be sure to read all CFTC Risk Disclosures and CFRN Disclaimers.

Which Trading Community Should You Join?

Joining A Trading Community Part 2

You can join our Trading Community for FREE for 5 Trading Days. See what it's really like at no cost to you.

Are you a Scalper? DayTrader? Investor?

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Joining A Trading Community Part 2

Should New Traders Join A Trading Community?

Should New Traders Join A Trading Community?

Yes! New traders should seek out a supportive community of experienced traders. Trading can be a lonely and isolating profession, and having a community of like-minded individuals who can offer support, advice, and feedback can be invaluable.

Here are some reasons why joining a supportive community of experienced traders can be beneficial for new traders:

Access to valuable insights and expertise
Experienced traders have been in the business for years and have likely seen it all. They can offer valuable insights into what works and what doesn't, as well as share their own experiences and lessons learned. Being a part of a community of traders can provide access to a wealth of knowledge and expertise that can help new traders develop their skills and make informed decisions.

Feedback and accountability
Joining a community of traders can provide new traders with an opportunity to receive feedback on their trades and strategies. This can help them identify areas for improvement and refine their approach to trading. Additionally, being part of a community can provide a sense of accountability, as other traders can offer encouragement and support to help new traders stay on track and motivated.

Emotional support and camaraderie
Trading can be a stressful and emotionally challenging profession. Having a supportive community of traders can provide emotional support and camaraderie, which can be especially valuable during difficult times. Being able to connect with others who understand the highs and lows of trading can help new traders feel less alone and more motivated to succeed.

Networking and career opportunities
Being part of a community of traders can also provide networking opportunities and potential career prospects. New traders may be able to connect with experienced traders who can offer job opportunities or partnerships. Additionally, being part of a community can help new traders build their reputation and credibility within the industry, which can lead to future career opportunities.

In conclusion, joining a supportive community of experienced traders can be highly beneficial for new traders. It provides access to valuable insights and expertise, feedback and accountability, emotional support and camaraderie, as well as networking and career opportunities. New traders should seek out communities that align with their trading style and goals and actively participate to get the most out of the experience.

Learn what it's like to become part of a successful Trading Community by taking the FREE Trial at MyTradingIQ.com.You will also be able to use our TIQ Indicator on the TradingView Platform.

Be sure to read the CFTC Risk Disclosure and CFRN Disclaimer before taking the Trial.

Should New Traders Join A Trading Community?

S&P Emini Price Hits Upper Channel - Live Trading On TradingView

The Importance Of Having an EDGE In The World Of Trading

In the world of trading, having an edge can mean the difference between success and failure. An edge is a unique advantage or strategy that gives a trader an increased probability of making profitable trades. Without an edge, traders may be simply gambling with their money and subject to the whims of the market.

Here are some reasons why having an edge is important in the trading world:

Increased probability of profitability
An edge provides traders with an increased probability of making profitable trades. It can be a unique insight into market trends, a specific trading strategy, or even access to insider information. Whatever the edge may be, it gives traders an advantage that can help them make more successful trades over time.

Protection against market volatility
The market can be unpredictable and subject to sudden changes in direction. Having an edge can help traders protect themselves against market volatility by providing a more nuanced understanding of market trends and indicators. With this knowledge, traders can make informed decisions and adapt their strategies to changing market conditions.

Competitive advantage
In the highly competitive world of trading, having an edge can provide traders with a competitive advantage over others in the market. This can lead to increased profits and better long-term prospects for success. Traders with an edge may be more likely to attract investment capital and build a reputation as a successful and knowledgeable trader.

Improved risk management
An edge can also help traders manage risk more effectively. By having a unique advantage in the market, traders can be more selective in their trades and avoid taking unnecessary risks. This can lead to more consistent profits over time and a lower risk of catastrophic losses.

In conclusion, having an edge is crucial for success in the trading world. It provides traders with an increased probability of profitability, protection against market volatility, a competitive advantage, and improved risk management. Developing an edge takes time, effort, and dedication, but it can pay off in the form of long-term success and profitability in the market. Traders should focus on developing a unique advantage that aligns with their trading strategy and goals, however, there is no need to reinvent the wheel. MyTradingIQ.com offers the edge you'll ever find via the TIQ Context on the TradingView platform.

Prove it to yourself by taking the FREE 5 Day Trial at MyTradingIQ.com. Stop stumbling in darkness and step into the light that will lead you to becoming the consistent Trader you've always dreamed of. Whether you trade Futures, Stocks, Crypto, or Forex, MyTradingIQ.com has the edge you've been looking for. Your Trading will never be the same. Plus, you'll find not only a Teacher and Mentor, but a community of successful Traders who once were blind, but now they see.

Start your 5 Day Free Trial today at MyTradingIQ.com. No Credit Card Required.

Read all CFTC Risk Disclosures and CFRN Disclaimers before taking the Trial.

S&P Emini Price Hits Upper Channel - Live Trading On TradingView

S&P Emini Futures / Is A Top In Place?

(SPY)(SPX)(BTC)(ETH)(GLD)

Wednesday Septermber 8, 2021

Has the S&P 500 Emini Futures finally found a top? Where do we go from here? A complete recap of all our Emini Alerts over the past 24 hours.

Welcome to the oldest Live Emini Daily Broadcast on the Internet.  CFRN launched this show in April of 2005. You can listen to the audio and video of today's show right here, or visit https://YouTube.com/CFRN. There are over 1,600 daily shows archived on our YouTube channel.

Take a 1 Week Free Trial in our Live Emini Training Room at https://EminiTrainingSchool.com.

To become a lifetime member visit https://EminiFuturesTrading.com.

Questions?

Email Support@CFRN.net or call 949-42-EMINI in the U.S.

#sp500 #emini #futures #trading

TOPICS DISCUSSED ON THIS PROGRAM ARE THE OPINIONS OF OUR HOST AND GUESTS, NOT CFRN.

THIS PROGRAM IS NOT TO BE CONSIDERED AS AN OFFER TO BUY OR SELL ANY SECURITY OR FUTURES CONTRACT. TRADING IS RISKY AND NOT SUITABLE FOR ALL PEOPLE. YOU CAN LOSE ALL OF YOUR MONEY AND THEN SOME.

ALWAYS CONSULT WITH A LICENSED INVESTMENT OR MEDICAL PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION. ALWAYS TRADE WITH A HARD STOP LOSS.

S&P 500 Emini Futures / Have we found a top?

A Simple Plan For Daytrading Emini Futures

The "Simple" Plan To Build Your Own Emini Daytrading Business

CFRN is now in our 8th year of broadcasting.  When Michael and I were just two struggling traders a few years back, we made a pact. If we ever managed to "crack the code", we agreed we would not only trade for a living, we would also dedicate part of our life, to teaching others how to trade. We know from experience how hard it is to find someone willing to teach you. That's why we don't require a C.C. to take our Free Trial.

Unlike stocks where you need a $25k account balance to daytrade, you can daytrade Emini Futures with an account as small as $3k. You can go short as easily as you go long. With only $500 margin, you control over $75k worth of S&P stock at current prices. For the purpose of daytrading, you can trade 1 S&P Emini Contract for every $500 you have in your account.

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Day Job Cramping Your Day Trading?

Day Job Interfering With Plans To Become A Day Trader?

It's certainly a dilemma for many. Let's review the options, but first let's rid ourselves of one option straight away - 

• Quit the Day Job!

That is not an acceptable solution, therefore we won't even discuss it. It always astonishes me to see advertisments that encourge would be traders to do exactly that. If you already have a job, that's an incredible ace in the hole. While others are under extreme pressure to make their daytrading venture payoff immediately, which is a sure fire way not to succeed, you have the luxury of learning the skills necessary to carry you through in an orderly manner as you transition into your new career.

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Learn To Day Trade And Swing Trade

Learn how to Day Trade and Swing Trade the Emini Futures market. Learn from Professional Emini Traders who trade for a living.

We offer everything you need to get started.

• Trading Platform
• Charts
• Live Data
• Simulator
• Hands on instruction

Sign up today for our 1 Week Free Trial! 

You'll receive an invitation via email to join our Live Emini Trading Room.

During your 1 Week Free Trial we'll teach you the basic concepts of Emini Futures Trading. Our traders will walk you through live emini trades as they happen. We explain all entries and exits before the trade is taken. During your trial you will have access to a Live Charting Platform and Live Data. Using the dtPro Emini Simulator, you'll be able to shadow every trade we take.

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