Most traders don't get success

Oct 16, 2020 at 12:57
1,827 Views
39 Replies
Member Since Jul 19, 2020   788 posts
Jun 17, 2021 at 14:37
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.
Member Since Jun 26, 2020   327 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.
Member Since Jun 15, 2021   20 posts
Jun 18, 2021 at 08:26
Most traders start live trading with minimal education and hope that luck will multiply their initial amount.
Member Since May 19, 2020   416 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
Member Since Jun 15, 2021   15 posts
Jun 18, 2021 at 10:25
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.
Member Since Oct 20, 2020   49 posts
Jun 18, 2021 at 13:25
Why is it that most traders that are beginners do not succeed in Forex trading for a long time?
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.
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
Member Since Apr 04, 2020   38 posts
Jun 19, 2021 at 08:36
Most traders Don't get success because, they Don't have proper knowledge about forex trading.
Member Since Mar 16, 2021   477 posts
Jun 21, 2021 at 00:30
Davidfx89 posted:
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.
I agree with you. Knowledge is required to be a successful trader. Which can help a trader reach his goal.
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.
Member Since Mar 28, 2021   617 posts
Jun 27, 2021 at 09:59
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.
Member Since Jul 19, 2020   751 posts
Jun 27, 2021 at 10:35
@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.
Member Since Aug 21, 2021   61 posts
Nov 24, 2021 at 12:16
I think that it is the greed of traders which leads to overtrading and ultimately to losses.
Member Since Aug 28, 2021   2 posts
Nov 24, 2021 at 13:10
Losses are part of the game
Forex Trader & Crypto Believer
Member Since Jul 19, 2020   788 posts
Nov 24, 2021 at 16:31
To be a successful trader one must refrain from greed. Certainly a part of loss trading. So you have to trade together. And at the end of the month, you have to take the right steps by calculating the loss/profit.
Member Since Mar 17, 2021   536 posts
Nov 24, 2021 at 19:39
Davidfx89 posted:
success is the bid deal in any sector not only Fx trading , first of all you have to make sure some good habits , actually success is a product of daily activates not a random result at all.
Success comes from the skills and knowledge.
Member Since Mar 17, 2021   536 posts
Nov 24, 2021 at 19:45
no_frame posted:
I think that it is the greed of traders which leads to overtrading and ultimately to losses.
Yes. you are absolutely right
Member Since Nov 23, 2021   34 posts
Dec 01, 2021 at 06:44
Most traders don’t get success because they refuse to accept their mistakes.For many traders, admitting that they were wrong and had taken dangerous decisions is a big thing. They often put out tens of excuses that markets have faked them out or the signal was wrong or the speed was lagging and keep losing money. To move forward one needs to own their mistakes and take responsibility. It is neither good to avoid your mistakes nor to cling to them.
Member Since Aug 05, 2021   401 posts
Dec 01, 2021 at 19:38
I hate that so many beginners fall for the while get rich quick idea about forex trading. It's definitely an avenue to make money but a lot of people overlook the effort it takes to really make money.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.