Alexthetrader
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.
CocoChannel
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.
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.
Sometimes, overconfidence is also the reason for failure. Little knowledge, big ambitions and the result is a big loss
Your idea is correct. Many traders think a forex market is a money-making machine and if you trade here you can gain a lot of profit. Such thoughts seem bizarre.
Tradelist45
Member Since Jun 26, 2020
298 posts
Jun 18 2021 at 08:03
success is a big deal in this trading place , need a long time experience with great level of patience. so we the traders first of all have to ensure how to keep patience.
Most traders start live trading with minimal education and hope that luck will multiply their initial amount.
Marcel Durham
(MarcellusLux)
Member Since May 19, 2020
199 posts
Jun 18 2021 at 08:59
Forex trading requires a lot of effort to create a trading system and develop a trading strategy. Many traders trade non-systematically, spontaneously, and therefore their results are also spontaneous and not supported by any systematic approach.
@Marcellus8610
Most of forex traders not able to make up as they quit too early by flowing in the emotions. Forex trading only demands lot of practice with every time something different and better on trades.
Why is it that most traders that are beginners do not succeed in Forex trading for a long time?
LukeRachel
Member Since Mar 16, 2021
477 posts
Jun 19 2021 at 01:50
Most traders cannot succeed because they fail to develop knowledge and skills. As a trader, I need to do information and trading research.
Accessonus
Member Since Jun 16, 2021
9 posts
Jun 19 2021 at 07:26
According to me, a trader’s ability to analyse the market and plan strategies accordingly plays an important role in getting loss or profits
Most traders Don't get success because, they Don't have proper knowledge about forex trading.
success is a big deal in this market place , need a long time patience with great level of practice , so we the traders should focus on there first of all.
Alexthetrader posted:I think lack of knowledge is the main reason to do so.
Most traders don't get success in the forex market because of poor risk management.
LukeRachel
Member Since Mar 16, 2021
477 posts
Jun 21 2021 at 00:30
Davidfx89 posted:I agree with you. Knowledge is required to be a successful trader. Which can help a trader reach his goal.
success is a big deal in this market place , need a long time patience with great level of practice , so we the traders should focus on there first of all.
franklinmckinney
Member Since Feb 15, 2021
10 posts
Jun 25 2021 at 05:47
Win and loss is a part of this business. Traders should know how to play before beginning. Knowing what to do and how to do it in trading are the main concepts worth practicing to avoid losing.
Without enough skills and experience, it's normal to lose money and get scared. Whether new or old, we are bound to lose money if we don't understand the market and follow discipline.
@franklinmckinney Yes, you are right. But unfortunately Most people are not willing to give time in developing skills and knowledge. They are so focused in trying to earn though they can not.