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Most people fail because
Mitglied seit Sep 15, 2020
20 Posts
Jan 19, 2021 at 12:24
I think most traders fail because of a lack of knowledge and experience. And they are not trading, they gambling with greed and impatience.
Jan 21, 2021 at 10:43
Indeed, the success of the cavity does not depend on the choice of the broker, although I can say that Amarkets is a decent and reliable broker with experienced managers and good trading conditions, but if there is no knowledge, the desire and desire will fail.
forex_trader_1641092
Mitglied seit Jun 17, 2020
16 Posts
Jan 21, 2021 at 13:53
Greed! the only reason.
The same reason why people fail marriages too.
The same reason why people fail marriages too.
Mitglied seit Jul 20, 2020
278 Posts
Jan 22, 2021 at 09:30
Make a good plan and choose the best strategy to make money in this lucrative market.
Mitglied seit Jan 22, 2021
126 Posts
Jan 25, 2021 at 12:06
I would say that try to keep your excitement at low levels and invest patiently at the early phase of forex trading. One wrong trade can vanish your all hard earned money. Try to learn from small trades and then gradually move to bigger ones. Learning from mistakes keeps you on a safe path.
Feb 20, 2021 at 05:41
momo3HC posted:
Mainly because wrong vision about what Forex is and what`s needed to succeed.
That's right, Many traders start here with the wrong perception about what forex really is what it demands from traders to achieve success. And this is one of the basic reasons behind the failure of many.
Feb 22, 2021 at 12:39
Above everything else you require knowledge and appropriate trading outlook. In the event that we need to lead a secured and open to trading environment with positivity we the traders need to pick the solid broker which ensure their customers funds.
Dec 08, 2021 at 11:54
All the above there is some grain of truth. Brokers, knowledge, not knowing what they are doing, mindset, risk management ...
and Greed, greed, greed ...
But NO ONE said that losses are simply related to TIME! What I mean?
If you don’t take risks, you won’t earn.
You will have positive trades, you will have negative ones, but in the end all your CAREFUL trading will NOT MATTER, because the profit related to the time spent will not be profitable!
It will be some cents of profit ...
You definitely need to take risks to make money! Real money!
And risk is always associated with losses. That's the whole truth.
You're welcome :)
Cheers, Matt
and Greed, greed, greed ...
But NO ONE said that losses are simply related to TIME! What I mean?
If you don’t take risks, you won’t earn.
You will have positive trades, you will have negative ones, but in the end all your CAREFUL trading will NOT MATTER, because the profit related to the time spent will not be profitable!
It will be some cents of profit ...
You definitely need to take risks to make money! Real money!
And risk is always associated with losses. That's the whole truth.
You're welcome :)
Cheers, Matt
mt271030@
Mitglied seit Nov 23, 2021
24 Posts
Dec 13, 2021 at 05:22
Traders should learn from their mistakes and failures. As long as you have a positive attitude and are constantly learning, you will be successful in the long run.
Dec 13, 2021 at 07:44
UweMoench posted:
The reason of failure is the lack of knowledge and skills. It doesn't help you with little knowledge of trading. One needs full understanding of the market.
Also they have quite expectations thinking that it is one of the quicker way to make bucks
Mitglied seit May 18, 2020
9 Posts
Dec 13, 2021 at 12:20
Greed is a top reason people fail . trade too much with too large a lot size because they want to get rich quick
Dec 13, 2021 at 12:47
Poor risk control, bankroll management, letting fear be in control, emotional trading, revenge trading. These are the main culprits.
Everyone has one or two or more, that will a bigger challenge than the others, effecting them differently.
Everyone has one or two or more, that will a bigger challenge than the others, effecting them differently.
Mitglied seit Aug 10, 2021
172 Posts
Dec 14, 2021 at 03:43
The reasons to understand foreign exchange in order to understand forex trading you made this why I believe that any online community or even varshali or social website or any account is the best strategy. The concept is simple, easy, and safe because it just dreams of few beers profit, and that should be easy to achieve. However, it also takes analysis of the market movement to find the existing trend and then do the trades accordingly since the Forex market moves with waves, which sometimes go up and sometimes go down, just like the price of Amore cake. The reason of feeling is that traders don't get to the right place at the right time, so it is difficult to make good profits in forex trading.
Dec 17, 2021 at 19:49
The reasons for failures can be different. I don't even know how many categories of failures exist. Every situation is different that is why it is a very hard task to try to generalise them. I can mention the most popular and widespread mistakes which young traders make and which lead to the absolute failure of one particular trading account. First of all, it is high expectations. There are so many people who come to trading with the idea that here they will make tons of money and become millionaires in a week. Surely, this assumption is far from being realistic. Trading requires lots of knowledge and skills and whatever. So, the first thing a trader should know is that trading requires lots of learning and practice if you want to become a success and make at least some profits. THe whole process of learning is not easy because nothing goes smoothly in the beginning and there is practicaly no motivation as you don't earn anyting in the beginning. Secondly, choosing the wrong broker. I know that forex market is becoming more and more regulated, but there is still many scams here. THat is why a trader should be extremely careful while choosing the broker which will not disappear in a week with your money in their pockets.
