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Most people fail because

franklinmckinney
Jul 10 2021 at 11:31
10 posts
Most people fail because they get into overtrading or don’t pay interest in knowing about the market. The ones who fail are mostly who just enter into the market to just have profits.
Tremblay
Jul 13 2021 at 17:33
330 posts
franklinmckinney posted:
Most people fail because they get into overtrading or don’t pay interest in knowing about the market. The ones who fail are mostly who just enter into the market to just have profits.
Yes. Most traders lose their money because of their low knowledge about trading.
sopranoberidze
Jul 14 2021 at 10:08
8 posts
Most people fail because trading is so hard. Making a consistent profit is almost impossible without inside knowledge
RyanSimpson
Jul 14 2021 at 10:19
5 posts
It's nowhere near impossible to make consistent profits. You just have to learn to read the charts properly. Forget indicators. Forget support and resistance. Read the candles properly, as they tell you exactly what the banks are doing. Dump the retail trading methods, signals and EAs
mab8
Jul 14 2021 at 11:47
41 posts
Yes I agree that most people tend to fail in trading because they only think about the goal of making profits, and disregard the need for proper analysis prior to making a trading decision. Trends need to be discerned, and a trading strategy should be in place to help you make proper choices at the best possible time.
UweMoench
Aug 04 2021 at 05:58
751 posts
@mab8 yes people more focused on making money than developing skills to make money. As a result, they do not able to make consistent profit.
notoriousfox1
Aug 04 2021 at 11:14
9 posts
But at some point you need to then focus on making money. When to know the transition to do that
cardigan
Aug 04 2021 at 11:46
102 posts
UweMoench posted:
@mab8 yes people more focused on making money than developing skills to make money. As a result, they do not able to make consistent profit.
Agreed! They think if they can make the money, then why bother learning skill? When it is actually the other way round.
RobertFerrari
Jan 23 at 18:12
381 posts
notoriousfox1 posted:
But at some point you need to then focus on making money. When to know the transition to do that
Making money is not so easy. You need proper planning to make money.
Furbelows
May 31 at 05:45
29 posts
It is a major problem for new traders. They always join forex with wrong information. Most of them believe that just investing in forex can earn them huge profits. In reality, a lot needs to be done to grow that amount of money into something big.
Stuprate
Jun 02 at 10:06
16 posts
Failure comes from both over confidence and fear. Now you have to identify your own. But failure can educate you for the coming achievement.
Trenchant
Jun 03 at 10:37
14 posts
All that glitters is not gold might be the right fit for forex trading. People get introduced to forex trading in a way that makes them think about forex as an easy road to riches. They often forget about the years of hard work, learning, skilling, practising, etc.
Meatus
Jun 06 at 09:29
18 posts
I think it is because they fail to build a strong risk management system that helps reduce the amount of loss they incur. Traders are mostly over confident and do not think practically. This is why many fail easily.
Afterpiece
Jun 07 at 06:22
23 posts
I think people fail because they take forex trading very lightly. They just jump into the forex market without much thought and don’t even bother to learn or do some background research. Such people mostly end up becoming victims of scams as they look for shortcuts or lose all their money due to greed and over trading. New traders need to spare some time to educate themselves and enter the forex market with a proper plan of action and strategy.
Inessive
Jun 07 at 11:13
16 posts
According to me, many of them fail because their money is inadequate in comparison to the number of trades they make. Forex traders are compelled to take on such a large and volatile financial risk because of greed or the potential of controlling big sums of money with small capital.
Sublimes
Jun 07 at 12:42
21 posts
I think most traders fail because they don’t do their homework. Instead of learning the basics, they jump into trading live.
Suradi (FXOday)
Jun 08 at 00:08
306 posts
Yes indeed, there are so many reasons for the loss, we can learn and try to recognize the mistake as the cause of loss, in general mistakes or error may occur from internal resources and external resources, and internal resources can occur from our own mistakes like greedy, over trading, insufficient trading capital, fear of missing out, etc, while external resources included disconnecting trading server, dynamic market in the high volatility market
Armisonant
Jun 09 at 09:07
21 posts
Failing in a few trades is a part of the game. It’s disheartening but if you wish to become a trader for a long term, you will have to get used to taking losses. It takes time to become consistent at making profits and a little patience would do wonders for you.
Cumward
Jun 13 at 10:29
15 posts
Incapability is a major reason why traders fail. And when they fail, it’s not just money-making they fail at but also at understanding the market, building a trading strategy, and executing their trades.
HeavenLeighGill (HeavLeighGill26)
Jun 15 at 14:22
255 posts
If people could be presented with a personal timeline showing how long it would take them to learn, how long they'd spend on demo, and then how long it would take them to become consistently profitable on a demo account then a lot of them would choose to just move on to the next idea. I think people think trading is simpler than it is and they don't see the big picture, then they want to give up once they start to realize what goes into it. There are too many scammers out there selling a false narrative about it.
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