Can you leave Forex Trading?

Apr 22, 2020 at 05:54
3,994 Views
78 Replies
Member Since Apr 28, 2020   18 posts
Oct 15, 2021 at 19:34
It depends on the purposes of your leaving. If you understand that you can't handle this activity and you require relaxing, then you can quit forex for some time. After you will return, if everything would be the same bad as it was in the past, then you should leave this activity. In my opinion, traders must qisely understand whether they're susceptible to forex trading or not. Don't regret about missing opportunities it's just a waste of time. I can leave trading in case I would start to understand that I ceased to make results and profits. Then, I perhaps take a break and after it I can quit trading.
Member Since Mar 03, 2019   57 posts
Oct 21, 2021 at 11:54
I have nearly quit a few times but never had completely. Sometimes i have a break.
Member Since Mar 15, 2019   82 posts
Oct 24, 2021 at 23:49
Same, had a few breaks, but will never quit. There are always more opportunities around the corner!
All or nothing
Member Since May 31, 2021   48 posts
Oct 25, 2021 at 16:26
I think if market is giving you what you want, there is no point of leaving till I do not feel that I am financially filled up.
Member Since Jun 17, 2021   46 posts
Oct 28, 2021 at 04:09
As long as I understand the market and have chances of making money, I am not going to leave forex trading. I can’t say anything about the future but until now, I am having a good time trading and would keep doing it.
Member Since Jul 19, 2020   751 posts
Oct 28, 2021 at 09:18
That's why trading psychology is very important. We need to know how to control our mind. As market is always moving, it makes people greedy.
Member Since Mar 28, 2021   617 posts
Nov 06, 2021 at 11:10
Yes emotion and risk management is the most important thing in forex trading but unfortunately most people do not give importance to it.
Member Since Jul 23, 2020   869 posts
Nov 10, 2021 at 10:18
There are a lot of people quitting the market after losing. But they are missing what they can achieve.
Member Since Jul 23, 2020   759 posts
Nov 11, 2021 at 13:00
If you don’t want to take risks, I recommend quitting the market. After all, it is a risky market.
Member Since Nov 03, 2021   53 posts
Nov 17, 2021 at 04:47
Not really. My goal is not to become a billionaire or get rich really soon. I am here because I want to live a better lifestyle without having to work hard day and night just for a few bucks. Forex trading can provide me flexibility to work so I am not going to quit it anytime soon. As I am not keeping any unrealistic expectations, I hope I’ll be able to survive the market because that’s my only goal right now.
Member Since Mar 17, 2021   536 posts
Nov 18, 2021 at 07:30
pipham posted:
Not really. My goal is not to become a billionaire or get rich really soon. I am here because I want to live a better lifestyle without having to work hard day and night just for a few bucks. Forex trading can provide me flexibility to work so I am not going to quit it anytime soon. As I am not keeping any unrealistic expectations, I hope I’ll be able to survive the market because that’s my only goal right now.
My goal is also same as yours.
Member Since Nov 18, 2021   2 posts
Nov 18, 2021 at 08:02
Agree with you.
Amytradesforex posted:
UweMoench posted:
That's why trading psychology is very important. We need to know how to control our mind. As market is always moving, it makes people greedy.
Agreed!
After all, forex is all about emotional management and risk management.
Member Since Nov 18, 2021   2 posts
Nov 18, 2021 at 08:08
lavis_book posted:
I feel like leaving when my system shows losses, well I think every trader feels the same in such a situation. But the reality is that forex is difficult to leave once you get into it.
Agree with you 100%
Member Since May 31, 2021   48 posts
Nov 18, 2021 at 10:48
Hahaha, this is true dude! And the fact behind is the emotional setbacks. At that moment I just say to myself don't max loss will be SL.
Member Since Oct 29, 2021   70 posts
Nov 22, 2021 at 05:36
Not really. I want to learn more about Forex trading. One thing that drives me into Forex is that there isn't a single requirement to start trading. You don't need a degree, and you don't need to get approval from your boss. You don't even need to leave the comfort of your home. All you need is a computer or electronic mobile device and internet access. You can start trading Forex whenever you like (and as long as you want).
Member Since Jun 19, 2020   38 posts
Nov 24, 2021 at 05:54
The ultimate purpose of every forex trader is to make money, if you are doing it then carry on but if you are losing then you need to remind yourself that you didn’t enter the market to go bankrupt. It’s better to move on to something else which suits you instead of trading only to lose your money.
Most of the traders who don’t leave the market even after losses are stuck in what ifs. In their fear of missing out, they end up failing miserably.
Member Since Jun 07, 2021   72 posts
Dec 02, 2021 at 04:27
Forex trading becomes more tempting once you get the hang of it. It’s fun and comes with perks that a regular job can’t help you accomplish. Feel proud to be a trader:)
Member Since Apr 09, 2019   538 posts
Dec 02, 2021 at 10:36
I think it depends if your relationship with forex is toxic or not. If you trade well and are making a profit then the chances are you have your trading nailed down strategically and mentally. If you are pining for that 'but I might make a profit' when evidence tells you that you aren't close to it and you can't take the steps to go back and try on demo or reduce your capital then there is no difference from this and a gambling addiction. If you appreciate it as a process and can make the decisions needed to last long term or do what is best for your own health then walking away or sticking with it aren't a prpblem. Trading requires one to really have a finely tuned sense of self awareness.
If you can't spot the liquidity then you are the liquidity.
Member Since Jul 20, 2020   399 posts
Dec 02, 2021 at 14:59
sebking1986 posted:
I think it depends if your relationship with forex is toxic or not. If you trade well and are making a profit then the chances are you have your trading nailed down strategically and mentally. If you are pining for that 'but I might make a profit' when evidence tells you that you aren't close to it and you can't take the steps to go back and try on demo or reduce your capital then there is no difference from this and a gambling addiction. If you appreciate it as a process and can make the decisions needed to last long term or do what is best for your own health then walking away or sticking with it aren't a prpblem. Trading requires one to really have a finely tuned sense of self awareness.

Very true, like some treat this like a bit of fun and risk too much. Mark Douglas always says if you want to do that Vegas is more fun lol. Forex has to be treated like a business and proper risk. It has to be boring so the true reason your trading is to be successful and not for fun
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