Most traders don't get success

Oct 16, 2020 at 12:57
1,826 Views
39 Replies
Member Since Jul 19, 2020   751 posts
Oct 16, 2020 at 12:57
Truly most traders don't get success in forex. The reason is their trading decisions are not based on sound research and learning. They think forex is a cash machine. You trade and procure immense cash. They don't consider it as a business.
Member Since Jul 20, 2020   298 posts
Oct 17, 2020 at 00:52
Most traders cannot be successful because they do not have good knowledge about trading. If you want to make a profit in trading, you must develop skills with patience. You have to make a profit by combining many strategies. Loss can occur if this combination is not correct. All in all, if you want to make a profit from trading, you have to learn first.
Member Since Apr 15, 2020   83 posts
Oct 17, 2020 at 07:39
Success is achieved by those who take this trade seriously and treat it like a business.
Member Since Jul 19, 2020   298 posts
Oct 17, 2020 at 13:18
Yes only around 5% traders are successful for long term. Lack of skills and psychology is the main reason of such failure. People give more focus on trading than learning. But learning should be the first priority.
Member Since Jul 19, 2020   318 posts
Oct 24, 2020 at 16:12
Most of the traders don't get success because of their strategies. Most traders choose the wrong strategies.
Member Since Jul 20, 2020   341 posts
Oct 25, 2020 at 11:17
Most traders don't get success because they have no knowledge about the market and trading.
Member Since Oct 25, 2020   1 posts
Oct 25, 2020 at 12:22
idea of best way to learn about forex and trade
Member Since Jul 20, 2020   298 posts
Oct 26, 2020 at 02:23
Forex is not a money-making machine. If you want to make a profit here, you have to develop skills first. And need to collect information. Need to know about money management and risk management. It is better to focus on education without focusing on profit. Profit will be automatic if you have proper knowledge about trading.
Member Since Jul 20, 2020   232 posts
Nov 26, 2020 at 08:12
Most of the traders don't get success because of their low knowledge. Without knowledge, no trader can survive in this risky market.
Member Since Jul 23, 2020   869 posts
Nov 26, 2020 at 17:24
Mikehamilton posted:
Most people lose in the forex market because they can’t keep their emotions aside. They become emotional and overtrade.
That’s true. I think fear of lose make the trader to do overtrading. So, invest small and keep your fear in control.
Member Since Nov 06, 2020   24 posts
Dec 02, 2020 at 10:25
Not all traders can be successful because not all of them have the required knowledge about trading.
Member Since Jul 23, 2020   759 posts
May 09, 2021 at 14:06
Lack of knowledge and strategy are the most common causes for failure in the trading market.
Member Since May 27, 2021   8 posts
May 27, 2021 at 13:25
I think every trader has their own reason for not being successful in the market. It becomes quite important for everyone to research and develop the necessary skills required for trading forex.
Member Since Jan 22, 2021   125 posts
May 27, 2021 at 15:28
Due to less knowledge of the forex market, this happens. For a trader, it is very important that you must know how to place good trades with proper trading strategy. and don't forget to back-test the strategies.
Member Since Mar 17, 2021   536 posts
May 27, 2021 at 19:27
SofieAndreasen posted:
Lack of knowledge and strategy are the most common causes for failure in the trading market.
I agree with you. Proper knowledge is mandatory to trade in the forex market.
Member Since Apr 03, 2021   470 posts
May 27, 2021 at 23:19
Because this reason forex called a high-risk high gain business, in success story we will read many traders that able to make big money from trading and look like very easy but in the fail story, an opposite story like as losing big money in forex then try to suicide, bankruptcy because forex has many debt in the bank etc,
Member Since May 27, 2021   64 posts
May 28, 2021 at 07:40
Most traders don't get success in the forex market because of poor risk management.
Member Since May 27, 2021   57 posts
May 28, 2021 at 08:55
I believe that the major reason for getting losses in forex is lack of knowledge and getting impatient to make maximum profits in a short span of time.
Member Since Mar 28, 2021   617 posts
May 29, 2021 at 10:12
Yes most traders do not get success because they are not skilled enough to be successful. To be a successful traders, one needs to have good analysis skills and a sound and composed mind.
Member Since Sep 04, 2020   4 posts
May 29, 2021 at 10:55
Sometimes, overconfidence is also the reason for failure. Little knowledge, big ambitions and the result is a big loss
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