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Most people fail because

Oct 04, 2020 at 11:33
3,743 Views
77 Replies
Member Since Dec 24, 2013   1 posts
Nov 18, 2020 at 15:06 (edited Nov 18, 2020 at 15:07)
most peope loose money in forex because they don't trade with <a href='https://www.forex-wikipedia.com/2020/10/how-to-organize-proper-risk-management-in-forex.html'>proper money management</a> tahts why they lose money in forex
Member Since Jul 19, 2020   318 posts
Nov 18, 2020 at 17:35
Most traders fail in this market because of their choosing the wrong strategy. Success in the forex market mainly depends on the trading strategy you are using.
Member Since Jul 19, 2020   788 posts
Nov 19, 2020 at 00:42
Yes, you are right, most traders do not know what they are doing. If they had gained knowledge about trading, they would not have accepted so much less.
Member Since Aug 17, 2020   123 posts
Nov 19, 2020 at 09:09
Many people come to trading without adequate knowledge. But in the end I believe you only fail if you stop trying.
Member Since Nov 07, 2020   25 posts
Nov 30, 2020 at 09:55
I think you should spend some more time on improving your knowledge and learning new skills.
Member Since Jun 30, 2020   90 posts
Nov 30, 2020 at 10:14
Well, this is natural, because we do not have a certain experience in order for it to work, you can spend time
Member Since Oct 05, 2020   18 posts
Nov 30, 2020 at 10:42
DoraWalletInvest posted:
Many people come to trading without adequate knowledge. But in the end I believe you only fail if you stop trying.
That's right. Forex has no more for quitting, only hard workers get good success here.
Member Since Mar 04, 2019   1 posts
Dec 09, 2020 at 14:26 (edited Dec 09, 2020 at 14:44)
Forex trading requires that many different factors are working well simultaneously. It's like a house of cards.. you take one card out and the whole structure collapses. Unfortunately many unprofitable traders jump from strategy to strategy thinking that's the source of the problem while not realizing that the culprit is most likely something else. It's very common that a strategy that works for one trader does not work for another. Usually that's an execution problem that could be based on a psychology factor such as lack of patience or greed. Or simply the fact that they trade the wrong sessions when liquidity is lacking, etc, etc... You must be very organized with your approach to trading. Knowledge through experience (screen time) is essential to proper execution so keeping a journal of every trade will help you figure out (in time) what you're doing wrong. It's a function of figuring out what works and what doesn't.. That's why it can be so hard and frustrating because it's not just one thing, only those VERY stubborn and persistent will figure out how all the pieces of the puzzle work. Not impossible but if you're impatient, greedy, wanting to make the big bucks in a month time you won't succeed at this game... You don't become a competent professional at anything if you lack the will to learn, change what's needed and apply it... Be serious, this is a very demanding game that will not forgive half-ass attempts... but if you're willing to put in the hard work your chances of succeeding will improve thousandfold.
Member Since Jan 11, 2019   147 posts
Dec 09, 2020 at 18:55
Michihito posted:
Most people fail because they don't know what they are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. Most small traders here are doing nothing but scalping.

Most people fail due to lack of knowledge and control of their emotions
Member Since Nov 28, 2009   47 posts
Dec 09, 2020 at 19:02
i dont think its because of knowledge, but emotions for sure because of too big positions.
Member Since Jul 19, 2020   788 posts
Dec 10, 2020 at 01:03
Most traders lose because of their extra emotions. If he does not control his emotions, he will never be able to become a successful trader.
Member Since Sep 12, 2017   238 posts
Dec 10, 2020 at 04:07
People fail because of lack of patience, knowledge and greed to earn more.
Member Since Apr 18, 2020   54 posts
Dec 10, 2020 at 06:07
Lack of discipline, proper strategy and knowledge. Main factors responsible for a trader's failure.
Member Since Feb 12, 2020   12 posts
Dec 10, 2020 at 12:33
More often than not, people fail because of their greed. This is the main enemy of the trader.
Member Since Sep 18, 2020   31 posts
Dec 11, 2020 at 12:21
Daniel32946 posted:
More often than not, people fail because of their greed. This is the main enemy of the trader.
One of the biggest reasons indeed. I have seen people quit forex completely because of greed that wiped them badly.
Member Since Jul 23, 2020   869 posts
Dec 11, 2020 at 17:09
Antonio_K posted:
Another reason is because of lack of a solid risk management strategy.
Right. Solid risk management strategy is essential to survive in the trading.
Member Since Jul 20, 2020   298 posts
Dec 12, 2020 at 02:28
Most people face loss because of their excessive greed. So every trader should control greed. If greed can be controlled and traded, it is possible to make a profit.
Member Since Dec 16, 2020   23 posts
Jan 07, 2021 at 05:05
The reason people fail is because they don't have a concrete trading plan.
Member Since Oct 30, 2020   21 posts
Jan 07, 2021 at 05:41
TR4DEX posted:
Most people fail because... Greed
The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces {forex traders} to take on such huge and fragile financial risk.
must read {Top-hidden-secrets-of-forex-trading}
https://fxreviewtrading.com/articles/top-hidden-secrets-of-forex-trading-and-its-application/
Member Since Oct 01, 2020   49 posts
Jan 19, 2021 at 09:33
Brank_A posted:
The reason people fail is because they don't have a concrete trading plan.
There are instances when there are failures due to trader’s own negligence but they learn from those mistakes. Planning can reduce the risk but it’s not a sure thing that every trade goes according to the strategy.
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