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Most people become unrealistic
Dec 08, 2020 at 13:29
Member Since Jul 19, 2020
751 posts
Most people become unrealistic when come into trading. In any other business with 10$k, people's profit expectation is realistic. But when it comes to forex their expectation soars 10 times or more. That too with being skilled. Most traders even don't know what they are doing.
Member Since Jul 20, 2020
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Dec 11, 2020 at 06:00
Member Since Dec 05, 2020
81 posts
People have huge misconceptions regarding forex, the most common one being, getting rich too quick via it. But in reality, its all about being patient, the right strategy and working on skills. No point having unrealistic expectations from forex.
Member Since Oct 23, 2020
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Member Since Jul 23, 2020
869 posts
Dec 18, 2020 at 17:19
Member Since Jul 23, 2020
869 posts
turnipfollow posted:True. Set a realistic expectation and try to achieve it in demo account first. If you can try in real account then.
Yes, unrealistic expectations do no good to people while trading. It is better to set a goal that is achievable.
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Dec 22, 2020 at 07:25
Member Since Apr 15, 2020
219 posts
Yes, most people become unrealistic when it comes to forex trading this is because people think it is a short cut to earn money without any knowledge and skill but don’t think about the risk associated with it.
The more your practice, the more you learn.
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Jan 15, 2021 at 12:59
Member Since Jul 20, 2020
399 posts
UweMoench posted:
Most people become unrealistic when come into trading. In any other business with 10$k, people's profit expectation is realistic. But when it comes to forex their expectation soars 10 times or more. That too with being skilled. Most traders even don't know what they are doing.
So true. You need to taper it all back work hard and adjust expectations as you go.
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Jan 13, 2022 at 19:25
Member Since Nov 30, 2019
20 posts
It's true. I believe everything because forex trading is advertised as the easiest activity for earning money and mainly brokers do it. Nowadays, there are lots of opportunities to make money in the internet and actually forex trading is considered to be one of the most hyped activity. That's why people come into trading and believe that they can make millions of dollars daily. However, it's not like that at all. There are no traders who would earn 100% to their deposit in the very first days. It's okay to earn 20-30% to deposit per month, but this result can be reached only due to hard working of a trader.

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