Most people fail because
Mitglied seit Jul 20, 2020
298 Posts
Dec 12, 2020 at 02:28
Most people face loss because of their excessive greed. So every trader should control greed. If greed can be controlled and traded, it is possible to make a profit.
Mitglied seit Nov 11, 2020
34 Posts
Jan 06, 2021 at 07:05
There are a lot of reasons as to why people fail. Lack of proper knowledge, neglect, greed for profits, etc. could be some reasons.
Mitglied seit Oct 30, 2020
21 Posts
Jan 07, 2021 at 05:41
TR4DEX posted:The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces {forex traders} to take on such huge and fragile financial risk.
Most people fail because... Greed
must read {Top-hidden-secrets-of-forex-trading}
https://fxreviewtrading.com/articles/top-hidden-secrets-of-forex-trading-and-its-application/
Mitglied seit Oct 01, 2020
49 Posts
Jan 19, 2021 at 09:33
Brank_A posted:There are instances when there are failures due to trader’s own negligence but they learn from those mistakes. Planning can reduce the risk but it’s not a sure thing that every trade goes according to the strategy.
The reason people fail is because they don't have a concrete trading plan.
Mitglied seit Jun 30, 2020
37 Posts
Jan 19, 2021 at 12:22
A home is built on a strong foundation and every trading journey starts from the solid plan. I think another reason (besides not having a trading plan) why newbies fail in the markets is due to unrealistic expectations. They think just opening an account with a broker will reap benefits which is not possible even in the fairy tales.
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.
Mitglied seit Oct 01, 2020
49 Posts
Jan 21, 2021 at 09:42
Lycineandrew posted:Also majority of the people think if they have the best broker they can earn a huge amount of money. Brokers are important but no doubt the knowledge which you have as a trader is also important. I am using price action trading with short time frames in contrast with longer time frames. I am using the MT4 platform with both Fxpro and Fxview which help me to explore a range of markets. So step by step understanding the whole process of trading is very critical for every trader.
A home is built on a strong foundation and every trading journey starts from the solid plan. I think another reason (besides not having a trading plan) why newbies fail in the markets is due to unrealistic expectations. They think just opening an account with a broker will reap benefits which is not possible even in the fairy tales.
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.
Mitglied seit Jun 30, 2020
37 Posts
Jan 21, 2021 at 12:25
Lorencecolling posted:The most experienced traders also fail sometimes because they do not revamp the strategy altogether. Markets change every second so it is absurd to think a strategy will keep on working for a long time. Does anyone think that there is a actually a long term strategy which can keep working for years and years?Brank_A posted:There are instances when there are failures due to trader’s own negligence but they learn from those mistakes. Planning can reduce the risk but it’s not a sure thing that every trade goes according to the strategy.
The reason people fail is because they don't have a concrete trading plan.
forex_trader_1641092
Mitglied seit Jun 17, 2020
17 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 Jun 03, 2020
56 Posts
Jan 22, 2021 at 04:15
Lycineandrew posted:No matter which brokers you use from the markets ranging from low cost ones like Fxview to the ones requiring higher investment like IG; no broker can do magic if the strategy is not in place. It is a very tedious process which you have to commit yourself to so that you don’t lose money.Lorencecolling posted:The most experienced traders also fail sometimes because they do not revamp the strategy altogether. Markets change every second so it is absurd to think a strategy will keep on working for a long time. Does anyone think that there is a actually a long term strategy which can keep working for years and years?Brank_A posted:There are instances when there are failures due to trader’s own negligence but they learn from those mistakes. Planning can reduce the risk but it’s not a sure thing that every trade goes according to the strategy.
The reason people fail is because they don't have a concrete trading plan.
Mitglied seit Jul 20, 2020
341 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 Oct 01, 2020
49 Posts
Jan 22, 2021 at 10:49
Lycineandrew posted:If one strategy was to work forever then everyone would have adopted it by now.Lorencecolling posted:The most experienced traders also fail sometimes because they do not revamp the strategy altogether. Markets change every second so it is absurd to think a strategy will keep on working for a long time. Does anyone think that there is a actually a long term strategy which can keep working for years and years?Brank_A posted:There are instances when there are failures due to trader’s own negligence but they learn from those mistakes. Planning can reduce the risk but it’s not a sure thing that every trade goes according to the strategy.
The reason people fail is because they don't have a concrete trading plan.
Mitglied seit Jan 22, 2021
125 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: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.
Mainly because wrong vision about what Forex is and what`s needed to succeed.
