Some of the traders who fail

Mar 23, 2021 at 13:36
1,315 Angesehen
24 Replies
Mitglied seit Jul 19, 2020   298 Posts
Mar 23, 2021 at 13:36
Some of the traders who fail in here in the forex market is because they are not able to know where their weak point is. This thing will make them not to be able to discover what is the main cause of their losses. Every trader has his or her own weakness and better if the trader discover it quick.
Mitglied seit Jul 23, 2020   869 Posts
Mar 24, 2021 at 17:44
KnowFinance posted:
According to me, most of the traders fail when they get impatient and want to earn quick bucks in short span of time. One should understand that it is important to have a control on the emotions and focus only on enhancing the knowledge in order to get successful in Forex market.
Ture. There is no way to become rich overnight. Don’t even think like that.
Mitglied seit Jan 08, 2021   12 Posts
Apr 07, 2021 at 11:11
People fail mostly because they are not aware of what they are doing and are hasty enough to jump into trading forex. They should practice more.
Mitglied seit Mar 16, 2021   477 Posts
Apr 08, 2021 at 01:35
One of the reasons for failing in trading is not maintaining discipline and plan. If I plan, I will be able to make a consistent profit.
Mitglied seit Apr 01, 2020   231 Posts
Apr 08, 2021 at 05:49
Right, most of the new traders fail in Forex trading due to lack of knowledge and they do not want to hard work to learn it first. They only want money so mostly they fail.
Mitglied seit Aug 11, 2017   886 Posts
Apr 12, 2021 at 05:01
we generally fails due to own mistake but in practically we the traders blame this market place , market never follows any rules but it always moves at his own way.
Mitglied seit Aug 09, 2017   785 Posts
Apr 12, 2021 at 07:36
beginners most of the time fail due to using high leverage with no strong money management. its a very6 common reason and happening every day.
Mitglied seit Feb 16, 2021   29 Posts
Apr 12, 2021 at 07:51
When a beginner, without experience, takes a large leverage, the hidden one also refers to a large profit, as a result of which there is a general loss of funds.
Mitglied seit Dec 28, 2020   187 Posts
Apr 13, 2021 at 08:08
Many times traders come here in order to make money easily and instantly, but they forget there isn’t any shortcut to get success. You have to learn a lot in order to get success and become pro traders. Greed is the major weakness in almost every trader, try to avoid it as much as you can.
Mitglied seit Apr 25, 2020   119 Posts
Apr 13, 2021 at 10:01
It's just that some people think that the smartest here are better than others here to figure it out and make money quickly.
Mitglied seit Apr 13, 2021   12 Posts
Apr 22, 2021 at 11:19
That is one reason for them to fail. Most of them also fail due to a lack of knowledge about the market.
Mitglied seit Mar 28, 2021   617 Posts
Apr 23, 2021 at 11:06
Yes knowing your weakness and strength is very important in trading. If you do not know what's your weakness you won't be able to improve your trading.
Mitglied seit Mar 16, 2021   477 Posts
Apr 23, 2021 at 11:17
Improving Forex trading depends on Totally Mindset. Trading is not possible without proper education. So I always try to have trading knowledge. The trader fails due to a lack of trading knowledge.
Mitglied seit Jul 19, 2020   751 Posts
May 09, 2021 at 10:46
Overtrading is one reason people lose money in the foreign exchange market. It occurs because of lack of discipline and appropriate strategies. You have to have great plans and execution of those programs. Otherwise you will keep losing money.
Mitglied seit Mar 28, 2021   617 Posts
May 10, 2021 at 11:08
The most important attraction of currency market is it provides you the chance of making huge money. With a computer or Laptop and online connection you can access into the market. And with little money you are able to begin your trading.
Mitglied seit Aug 05, 2021   401 Posts
Dec 01, 2021 at 19:27
A trading journal can help with this
Mitglied seit Jul 19, 2020   751 Posts
Dec 02, 2021 at 13:12
@HeavLeighGill26 Yes a trading journal can help to find out our mistakes we made in trading. A good trader always try to avoid same mistkes again and again. And a bad trader never learns.
Mitglied seit Mar 28, 2021   617 Posts
Dec 06, 2021 at 05:29
The reason behind failing is not having enough knowledge and skills. Trading is not any easy task. It's very difficult to make money in trading.
Mitglied seit Mar 17, 2021   536 Posts
Dec 06, 2021 at 18:46
UweMoench posted:
Overtrading is one reason people lose money in the foreign exchange market. It occurs because of lack of discipline and appropriate strategies. You have to have great plans and execution of those programs. Otherwise you will keep losing money.
Yes. Over trading can put you in great danger in this market.
Mitglied seit Jun 09, 2021   44 Posts
Dec 08, 2021 at 07:20
The problem with many traders is that even after knowing their weak points, they fail to admit that they were wrong or they don’t know enough. ‘I am always right’ kind of mentality can be really detrimental for a trader. It is not possible even for experienced traders to always be right. Those who are willing to identify and correct their mistakes are the only ones who can become a better trader with time.
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