Unrealistic expectation causes a lot of problems. Being professional is not that easy. Most people behave unprofessionally. Within few days or months they want to make their capital double in possible least time. If you can make yourself professional you can make money.
UweMoench posted: Unrealistic expectation causes a lot of problems. Being professional is not that easy. Most people behave unprofessionally. Within few days or months they want to make their capital double in possible least time. If you can make yourself professional you can make money.
Exactly, its high time people understand forex is not any scheme to get rich quick. It requires a lot of knowledge and hard work to be able to be profitable. Honestly, that takes years, so we have to practice and work hard for that.
It’s not easy to make your trades work for you. It’s not what you see on social media. You have to put a lot of effort and control your emotions in order to make your trades work for you. Make sure that you don’t set unnecessary expectations in the market and end up disappointing yourself.
If anyone wants to trade for living, he should focus on developing skills. It's not like that you came and traded demo for few months and learned some strategies and you will be make good money. Noooo. A person needs to spend years to get skilled both technically and psychologically. Only then trading for living is possible.
It's the main problem for novice traders in forex markets not to use capital management and lack of good knowledge in trading style through capital management in the forex market, and when we discuss capital management, we will discuss maintaining a steady plan and a clear plan for trading and managing capital. The plan is quite strong and the daily movement of trade continues in the global financial markets, in which the risk is very high until the profit is huge.
I don't understand why there are so many people who have the assumptions that trading is easy and doesn't require any skills or knowledge. Trading forums are full of precautions that you need to learn and work hard in order to gain at least some profits from trading. However, naive people are confident that they are special and the can do everything without pulling their efforts to it.
Unrealistic expectations cause more harm than just financial loss but also psychological stress and depression. Many novice traders believe that there is a secret recipe to turning $100 into thousands in days or even hours, but the reality is that the vast majority of 'rocket science' strategies are just scams.
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