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Most people become unrealistic
Dec 08, 2020 at 13:29
Most people become unrealistic when come into trading. In any other business with 10$k, people's profit expectation is realistic. But when it comes to forex their expectation soars 10 times or more. That too with being skilled. Most traders even don't know what they are doing.
Mitglied seit Jul 20, 2020
172 Posts
Dec 08, 2020 at 20:12
Most people become frustrated and make wrong decisions. It is not right. Every trader should have patience.
Mitglied seit Feb 14, 2020
10 Posts
Dec 10, 2020 at 13:20
Most people think that forex trading is easy and big money. But they get disappointed when they lose soon they lose their account.
Mitglied seit Dec 05, 2020
76 Posts
Dec 11, 2020 at 06:00
People have huge misconceptions regarding forex, the most common one being, getting rich too quick via it. But in reality, its all about being patient, the right strategy and working on skills. No point having unrealistic expectations from forex.
Dec 22, 2020 at 07:25
Yes, most people become unrealistic when it comes to forex trading this is because people think it is a short cut to earn money without any knowledge and skill but don’t think about the risk associated with it.
The more your practice, the more you learn.
Mitglied seit Jan 11, 2019
140 Posts
Dec 22, 2020 at 11:44
true that, people actually think of becoming rich overnight
Mitglied seit Nov 12, 2020
19 Posts
Jan 15, 2021 at 04:05
Most people tend to have really high expectations in the beginning and their judgement is clouded by different factors that lead to their downfall. I agree!
Mitglied seit Jul 20, 2020
385 Posts
Jan 15, 2021 at 12:59
UweMoench posted:
Most people become unrealistic when come into trading. In any other business with 10$k, people's profit expectation is realistic. But when it comes to forex their expectation soars 10 times or more. That too with being skilled. Most traders even don't know what they are doing.
So true. You need to taper it all back work hard and adjust expectations as you go.
Mitglied seit Jan 13, 2021
25 Posts
Jan 15, 2021 at 23:00
I agree no point thinking you will get rich straight away for ever. Just take your time and be realistic.
Mitglied seit Jan 11, 2019
140 Posts
Jan 16, 2021 at 05:47
people becomes unrealistic as they hear the stories from others and start applying the short cuts which is kind of stupid as it is always said there is no shortcut to success.
Mitglied seit Dec 24, 2020
15 Posts
Mar 02, 2021 at 04:31
Yes, that is correct and that leads to their doom in trading. It is always better to keep your expectations lower and then work accordingly. At least for beginners.
Jan 13, 2022 at 19:25
It's true. I believe everything because forex trading is advertised as the easiest activity for earning money and mainly brokers do it. Nowadays, there are lots of opportunities to make money in the internet and actually forex trading is considered to be one of the most hyped activity. That's why people come into trading and believe that they can make millions of dollars daily. However, it's not like that at all. There are no traders who would earn 100% to their deposit in the very first days. It's okay to earn 20-30% to deposit per month, but this result can be reached only due to hard working of a trader.
Jan 19, 2022 at 07:04
It is important to know that most people become unrealistic when they begin to trade in forex. They expect to become wealthy in no time, or they may even want to become millionaires overnight, but this is something that will most likely never happen. Forex is a long-term game, and you should never expect to become wealthy overnight.
