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Quit from trading ?

AniLorak
Jan 02 2020 at 15:18
920 posts
Gabriel99 posted:
steveday1976 posted:
kamikazebogeyman posted:
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in
yes i have been able to relate to that in the past.
Yes no one can avoid that. But with honest efforts and sound trading plan one can definitely become a profitable trader.

On the whole, which traders have a long term plan on learning only they can enjoy their real trading! There is nothing like shortcut way of learning in Forex!
SofieAndreasen
Aug 30 2020 at 15:28
759 posts
AmDiab posted:
Imamul posted:
its a common reality , there is none who quit from trading for lifetime. we discourage after having losses and come back again after a while.

You are wrong! The number is quite big; but good news is, in everyday a number of new traders are joining here!
Right. Traders are joining and quitting the market every day. But few are come back. I think loss is the reality in every business. We have to accept the fact and continue trading.
Dictiony
Aug 31 2020 at 00:53
231 posts
I think people face loss because of their own mistakes. Most of the traders fail in Forex because they do not have good knowldge and skills about Forex and want to become rich fast but do not want to learn Forex proprtly.
UweMoench
Sep 01 2020 at 14:50
751 posts
Those who are addicted can never give up fully. Most traders make trading their addiction. But then too there are also traders who never come back again. You should give up when you are making same mistakes over the years.
SofieAndreasen
Sep 14 2020 at 00:02
759 posts
traderroni posted:
I agree. Emotions hinder our performance in trading. However we need to find a way out to control it and not lose hope even if we incur losses. Losses are a part of everyone’s trading. So stay calm and keep trading.
That’s right. Follow the trading plan is most important. Most of trader fail to do that because of emotion.
Pegima (pegima)
Sep 14 2020 at 08:15
22 posts
Many give up due to the following reasons ( in most cases ).

1) Choosing the wrong broker might make you give up forex forever.
2) Starting live trades without learning or practising.
3) Not using proper money management methods.
4) Thinking about getting rich immediately =D

but most of those who came back after such failures are successful traders.
Never Ever Give Up
Pegima (pegima)
Sep 14 2020 at 08:15
22 posts
Dictiony posted:
I think people face loss because of their own mistakes. Most of the traders fail in Forex because they do not have good knowldge and skills about Forex and want to become rich fast but do not want to learn Forex proprtly.
well said bro
Never Ever Give Up
Darrensmith
Oct 09 2020 at 11:22
37 posts
There are many traders quitting trading than the ones who remain in the market to learn, explore, and make profits after a few losses.
DoraWalletInvest
Oct 10 2020 at 09:45
123 posts
I also think that there are many who, unfortunately, end up quitting for a lifetime. Some people lose capital because they start trading without proper knowledge, others run into scams and lose hope. Some even spread the rumor that trading is nothing more than gambling, or that by any means it was not their fault that they ended up with losses. This is why it is so important to educate yourself.
Michihito
Oct 10 2020 at 13:50
298 posts
Quiting is not an option. But at the same time it's the best option if anyone think he is not progessing in terms of learning and skills. Learning from mistakes is the best kind of learning.
DoraWalletInvest
Oct 12 2020 at 13:07
123 posts
Michihito posted:
Quiting is not an option. But at the same time it's the best option if anyone think he is not progessing in terms of learning and skills. Learning from mistakes is the best kind of learning.

Well said! The important thing is not whether we make mistakes, it's whether we can learn from our mistakes.
RobertFerrari
Jan 19 2022 at 05:53
415 posts
UweMoench posted:
Those who are addicted can never give up fully. Most traders make trading their addiction. But then too there are also traders who never come back again. You should give up when you are making same mistakes over the years.
Yes. It is quite difficult to quit from trading.
AlexWood
Jan 21 2022 at 20:34
16 posts
Come on, there are lots of people who cannot even look at tradingafter they lost all their budgets. There are thousands of such people who were discouraged completely.
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