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Most people fail because
Sep 21, 2022 at 07:33
I believe sometimes people are driven by emotions, and make decisions based on greed which ultimately brings them down in trading. Also, there are many factors responsible which causes people to fail in trading:
1. Wrong mindset.
2. They consider trading as a shortcut to make money.
3. Not focused.
4. Lack of knowledge.
1. Wrong mindset.
2. They consider trading as a shortcut to make money.
3. Not focused.
4. Lack of knowledge.
Mitglied seit Aug 05, 2021
394 Posts
Sep 21, 2022 at 21:12
Gewgaw posted:
Most of the traders fail in the forex market because they lack adequate knowledge. Often traders start trading without learning anything and then suffer losses. Traders also skip trading in a demo account and trade in a live account, which is disadvantageous for them. Also, most of the traders get emotional and ruin their trading career.
100% agree on this. I think knowledge can go a long way when it comes to trading and skills can be learned, but not having adequate knowledge is a crucial mistake.
Mitglied seit Aug 19, 2021
203 Posts
Sep 22, 2022 at 15:32
Oh many people fail because they are lazy lmao. Alas, laziness is something that each of us needs to fight. While people are lazy, they pay less attention to analysis, money management, trading, risk calculation, etc. And many more fail because of the strong confidence in their knowledge. I know what I'm talking about guys. Take off your crown, you don't need it while trading. 😄😄😉
Mitglied seit Sep 21, 2022
6 Posts
Sep 28, 2022 at 11:25
As a new trader, you should know why traders fail so that you don’t make the same mistakes. The main cause of their failure is lack of knowledge and psychology. Because of this, about 90-95% fail. Forex requires commitment and an open-mind to learning and consistency. Many new traders only come to the market to earn quick bucks, which is not always achievable in this market.
Mitglied seit Feb 16, 2022
113 Posts
Sep 29, 2022 at 19:10
UweMoench posted:
Most people fail because most people do not have necessary knowledge and skills. People come here with a expectation of making money quickly and easily. Basically they are introduced forex in a wrong way. If they have been told it will take time to learn the necessary skills, the percentage would have been different.
Rather than doing so, if a trader trade moderately, you can make profit on average. As a result, traders fall into loss and can’t survive in Forex for long.
Mitglied seit Jul 23, 2020
816 Posts
Oct 01, 2022 at 13:46
Traders can generate profit from here sitting at home. So, to make your trading more ease, you should start with a reliable trading broker.
Mitglied seit Jun 26, 2020
323 Posts
Oct 02, 2022 at 11:19
broker is important , thee is no way to deny , but choosing a broker is really a difficult task , because most of brokers in online right now found as scams.
Mitglied seit Oct 03, 2022
1 Posts
Oct 03, 2022 at 13:55
Greeding is definitely one of the biggest reason...
Mitglied seit Sep 21, 2021
3 Posts
Oct 06, 2022 at 08:38
Depending of your trading style, but most of the time it's because we stay too much on positions
Mitglied seit Jul 23, 2020
816 Posts
Oct 06, 2022 at 10:20
Traders should earn expertise on a certain type of trading so they can gradually develop this type.
forex_trader_3036016
Mitglied seit Sep 29, 2022
15 Posts
Oct 10, 2022 at 10:27
There could be many reasons for this. But from what I have noticed, traders fail because of a lack of trading mindset, skills, etc. They expect to make quick money, without putting any real effort.
Mitglied seit Jun 26, 2020
323 Posts
Nov 04, 2022 at 07:49
most of the people fail due to same reason, i mean they cannot come out from same mistake. that is the foremost reason why traders doing losses .
