Only 15% of traders worldwide are profitable. That means at least 85% of people who try trading lose money. Those are not encouraging numbers for anyone who believed trading was an easy path to wealth. My (Chantal, founder and creator of Tradorade) own experience was not any different. After three years of struggling, I hardly made any progress. Nevertheless, I still firmly believe it is possible. I KNOW it is possible.

The biggest challenge in trading is psychology. Very few people have enough emotional control and discipline to become consistently profitable from day one. The few people who do, often already have financial security and stable incomes, so they do not necessarily need the money. As a result, they feel no pressure to win and are less affected by fear or urgency. They seem to attract luck naturally.

Most traders do not have that kind of financial cushion and they actually started trading to gain more financial freedom. I'm one of these people myself. The downside is that these people often cannot afford to lose the money. We need it for a better life, or sometimes simply to survive. We want to earn back our investment as quickly as possible and then aim for the bigger gains immediately.

This causes a psychological pressure that creates fear, nervousness, greed and impatience, which leads to poor decisions. We also tend to overestimate ourselves. We believe we are rational and resilient, and that we will be the exception who makes it work quickly. When reality turns out to be different, frustration grows and losses increase.

From this perspective, it is easy to understand why 85% of traders do not succeed. With a forced mindset, we try to force the market to do what we want, and the market will immediately punish us off. This is the point where most traders quit and say, "This is not for me." That reaction is completely understandable.

But giving up is not in MY nature, so I kept looking. For me, the question is not IF it is possible, but HOW it's possible. How do you, as a trader and human being, switch off those manipulating emotions? I believe it starts by trading based on objective statistical data and creating the overview you need to keep your hardwired instincts under control as soon as your session begins. By writing down why you did or did not take specific trades and by recording how you felt at that moment. By searching your trade data for patterns and outliers so you can improve your decisions and habits.

And THIS is where Tradorade comes in. The application helps you record and analyze your trades in detail and gives you crucial, targeted long-term insights. Tradorade's mission is to help its users improve to a point where profitable traders outnumber losing traders. Trading is like going to the gym: if you are willing to put in the works, you will get the results. Tradorade is your trading gym.