Statistics show that over 95% of all Forex traders lose money. Moreover, when a trader loses, that will they lose an average of 10% per month which is staggering!
Reasons for this are not hard to find. Human nature alone precludes that you are supposed to be more hesitant after something bad happens to you.
So when a self-trader suffers a significant loss, it's normal to be a bit reluctant on his next indicator.
He thinks, he hesitates and considers the repercussions of his next move.
This hesitation leads to time lost and errors in his basics, like changing his stop-loss or even running without one. His emotions have betrayed him.
Whereas, a trained and disciplined Program Trader, who is more informed on the whole, operates with none of this emotional baggage. He is confident and acts with certainty in his overall performance by his mere repetition of action and experience.
Most Program Traders have more precise entrances and exits points.
This precision makes up for previous losses and helps the traders get back into profitability quickly.
The numbers speak for themselves. It's just a fact that most professional program traders are more successful in the long haul than the majority of self-traders. So, if you are not averaging the results that we are or if you would rather not be watching the market all day and be freed up to live your life then you should probably consider opening a managed account and allow the professional program trader to do the work for you.
Brian Tewes is the director of marketing at http://www.managedforex.org and invites you to learn about our Forex Managed Account
Source: www.articletrader.com
