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Most people become unrealistic

Armisonant
Jun 13 at 10:15
24 posts
Sublimes posted:
Mostly new traders are unrealistic because they get too influenced by the lucrative advertisements by some scam brokers. They think of the market to be an easy place to make money and often make wrong trading decisions.
The fancy alluring lifestyle showcased by many people think that forex is an easy and quickest way of getting rich. They neglect proper forex education and start trading live directly and eventually fail..
Hotheead
Jun 13 at 11:45
26 posts
The most common misconception about forex is that it can make you rich very quickly. But in reality, patience, strategy, and practice are the keys to success. There's no point in expecting too much from the foreign exchange market.
Most people want to make money in Forex without putting in any effort or having any prior knowledge, but this is simply not possible.
CloeTerry
Jun 14 at 12:51
20 posts
Realistic goals are necessary for a healthy trading session. And moreover, there are no free meals in this world. Unrealistic goals can cause disappointment and eventually lead to quitting.
synaphea
Jun 15 at 04:43
38 posts
Yes, you're correct. The majority of people that enter the Forex market do so in the hopes of making a quick profit, which doesn’t always work.
Trenchant
Jun 16 at 10:49
16 posts
I don’t find it surprising. Anyone can get allured by the mesmerising advertisements that make you believe that you can easily make money in the forex market. But only an intelligent person would be able to use his brain and realise that there is no easy way of making money. Others just fail ultimately.
NikkiStrickland
Jun 16 at 12:17
17 posts
I won’t go far. I also got attracted by the social media ads and the lucrative lifestyle of the so-called traders. I was so excited to start my trading career that I put a big amount at risk. The obvious loss (as I can say now) came as a major setback. Just like scammy advertisements, there must be realistic ads too that will help new traders make an informed decision.
Superfluous
Jun 17 at 06:06
44 posts
It's natural for people to expect huge things from something when they see a lot of other people getting a lot. People remark about how much money a trader makes without considering the amount of effort they put in previously. New traders must realise that they cannot expect to make large gains right away. To get to that point, you'll need a lot of dedication and consistency.
Eloise
Jun 17 at 12:03
36 posts
It is unrealistic to expect instant success in Forex trading. With only a few months of study and practice, you cannot expect to become a highly skilled and successful trader. Before you begin live trading, you must first learn the fundamentals, develop your strategy, test it, and practise it with a demo account.
Furbelows
Jul 01 at 05:26
40 posts
People become unrealistic because they get tempted by the mass amount of money one can make in the forex market. However, they forget that this requires you to put in the hard work as well.Without this realisation, they set up unrealistic goals that don’t yield expected results.
ceceliagreerr
Jul 01 at 07:01
29 posts
It is critical to understand that when most people start trading forex, they become unrealistic. They hope to become rich quickly, or perhaps millionaires overnight, but this will almost certainly never happen. Forex is a long-term game where results are achieved overtime if you are patient enough to go through profits and losses without getting overly emotional.
Pelagic
Jul 05 at 09:23
25 posts
Those who become unrealistic about trading often end up paying high for their greed. It’s just the right knowledge that can help you make the most of the market. Hopes and desires will only make you do the wrong things.
Cathedra
Jul 06 at 04:48
24 posts
The fake trading advertisements are a reason why some traders think of forex trading as an easy way of making money. It’s a trader’s mistake to not develop an understanding of the market before setting high goals.
personifica_
Jul 06 at 07:37
21 posts
Sceptical expectations and swinging for the fences when making forex trades can be a downside. Most traders think of having unrealistic gains which are uncertain in this volatile forex market.
lauraJohnson
Sep 01 at 11:17
34 posts
Yes most people become unrealistic when it comes to trading. One must understand that it depends on genuine hard work and knowledge.

SteveFx11
Sep 04 at 13:05
95 posts
Traders can succeed when they are hard working, passions, trading in the right track. Being on the right track is essential for a trader which traders can hardly do.
Familistery
Sep 05 at 06:40
29 posts
I agree with the OP. People expect forex trading to be some magic, or some kind of a special kind of lottery where every person wins and gets rich overnight. Many people who enter into forex trading do not even know the basics of the forex market. That is why the failure rate in the forex market is so high.
Snorkel
Sep 07 at 09:51
17 posts
It’s true, those who think they will be able to pull in huge amounts of profit as soon as they begin their journey often lose quicker than most newbies. Setting realistic goals gives you time and space to get familiar with the changes in the market environment and make the most out of every opportunity that may come your way. Focus on learning and minimising risk.
Jacnum
Sep 07 at 10:01
16 posts
Knowing that forex trading gets you money, most traders think that it would be an easy job to do. They don’t realise the truth until they have to trade in the live market. So, stay patient and sink in what you learn.
tyson_learner
Sep 08 at 07:03
39 posts
In the forex market, people think some miracle will happen and they will become rich overnight, they just completely ignore the hardwork, the struggle the successful trader has been through to earn huge piles of money now has a long back story. Always set realistic goals for yourself and focus on learning initially and then work on strategies.
electrica333
Sep 09 at 07:20
53 posts
tyson_learner posted:
In the forex market, people think some miracle will happen and they will become rich overnight, they just completely ignore the hardwork, the struggle the successful trader has been through to earn huge piles of money now has a long back story. Always set realistic goals for yourself and focus on learning initially and then work on strategies.
I totally agree with the fact that success doesn’t happen overnight, it's not necessary to move mountains or cross bridges to attain your goal but consistency and discipline can bring you close to your aim. And for trading goals practice is a must.
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