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Most people fail because

Tremblay
Feb 23 at 13:12
330 posts
Money management in the forex market is the most difficult job. If you can not make it perfectly you have to face a great loss.

PercymcDonnell54
Feb 24 at 05:49
23 posts
josejames posted:
MichaelEX posted:
Greed to become rich overnight and jumping into trading directly without having knowledge and experience is the reason most people fail.

Getting overconfident is another big folly of the new traders.

I wonder if there is any set time that traders should demo trade for, before going live?!

robindude
Feb 24 at 10:17
103 posts
PercymcDonnell54 posted:
josejames posted:
MichaelEX posted:
Greed to become rich overnight and jumping into trading directly without having knowledge and experience is the reason most people fail.

Getting overconfident is another big folly of the new traders.

I wonder if there is any set time that traders should demo trade for, before going live?!

I dont think there is anything specific in that, but you will need to think about whether you are ready to go live or not, that depends on you

josejames
Feb 24 at 11:17
16 posts
PercymcDonnell54 posted:
josejames posted:
MichaelEX posted:
Greed to become rich overnight and jumping into trading directly without having knowledge and experience is the reason most people fail.

Getting overconfident is another big folly of the new traders.

I wonder if there is any set time that traders should demo trade for, before going live?!

I think that’s very subjective. Like I used demo accounts of Robinhood and Fxview for almost 2 months before going live with them. However my friend spent long 6 months with Oanda before beginning live trading.

UweMoench
Feb 25 at 12:52
482 posts
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

TradeHut
Mar 01 at 11:54
31 posts
UweMoench posted:
Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects the result of our trading with certainly.

I agree with you, our trading journey depends on the broker that we choose. A reliable broker ensures good trade execution which are actually filled in the best market rates and also in a timely manner.


klosspiece
Mar 10 at 05:34
35 posts
That is right and most people tend to fail due to these very reasons. It is important to not rush into making any trades.

Akasuki
Jun 07 at 04:03
182 posts
Losing money is very normal in forex trading. It's about how a trader manage his loss. It's not possible to be 100% right all the time. We need good risk reward and winning ratio to do well in trading.

SteveHanks
Jun 07 at 05:55
235 posts
Tremblay posted:
Money management in the forex market is the most difficult job. If you can not make it perfectly you have to face a great loss.

I completely agree with you. Money management is the most important thing in every business.

Bulldog_M
Jun 07 at 06:59
16 posts
All of us have been in this journey of failure. Its common to all. But only those succeed in the end who do not stop doing the effort. So, the key is to to keep working hard inspite of failures.

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