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Most people fail because
Miembro desde Jul 19, 2020
posts 283
Nov 18, 2020 at 17:35
Most traders fail in this market because of their choosing the wrong strategy. Success in the forex market mainly depends on the trading strategy you are using.
Miembro desde Aug 17, 2020
posts 121
Nov 19, 2020 at 09:09
Many people come to trading without adequate knowledge. But in the end I believe you only fail if you stop trying.
Miembro desde Nov 07, 2020
posts 19
Nov 30, 2020 at 09:55
I think you should spend some more time on improving your knowledge and learning new skills.
Miembro desde Mar 04, 2019
posts 1
Dec 09, 2020 at 14:26
(editado Dec 09, 2020 at 14:44)
Forex trading requires that many different factors are working well simultaneously. It's like a house of cards.. you take one card out and the whole structure collapses. Unfortunately many unprofitable traders jump from strategy to strategy thinking that's the source of the problem while not realizing that the culprit is most likely something else. It's very common that a strategy that works for one trader does not work for another. Usually that's an execution problem that could be based on a psychology factor such as lack of patience or greed. Or simply the fact that they trade the wrong sessions when liquidity is lacking, etc, etc... You must be very organized with your approach to trading. Knowledge through experience (screen time) is essential to proper execution so keeping a journal of every trade will help you figure out (in time) what you're doing wrong. It's a function of figuring out what works and what doesn't.. That's why it can be so hard and frustrating because it's not just one thing, only those VERY stubborn and persistent will figure out how all the pieces of the puzzle work. Not impossible but if you're impatient, greedy, wanting to make the big bucks in a month time you won't succeed at this game... You don't become a competent professional at anything if you lack the will to learn, change what's needed and apply it... Be serious, this is a very demanding game that will not forgive half-ass attempts... but if you're willing to put in the hard work your chances of succeeding will improve thousandfold.
Miembro desde Jan 11, 2019
posts 140
Dec 09, 2020 at 18:55
Michihito posted:
Most people fail because they don't know what they are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. Most small traders here are doing nothing but scalping.
Most people fail due to lack of knowledge and control of their emotions
Miembro desde Sep 12, 2017
posts 232
Dec 10, 2020 at 04:07
People fail because of lack of patience, knowledge and greed to earn more.
Miembro desde Feb 12, 2020
posts 11
Dec 10, 2020 at 12:33
More often than not, people fail because of their greed. This is the main enemy of the trader.
Miembro desde Sep 18, 2020
posts 30
Dec 11, 2020 at 12:21
Daniel32946 posted:
More often than not, people fail because of their greed. This is the main enemy of the trader.
One of the biggest reasons indeed. I have seen people quit forex completely because of greed that wiped them badly.
Miembro desde Jul 23, 2020
posts 816
Dec 11, 2020 at 17:09
Antonio_K posted:
Another reason is because of lack of a solid risk management strategy.
Right. Solid risk management strategy is essential to survive in the trading.
Miembro desde Jul 20, 2020
posts 286
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.
Miembro desde Oct 30, 2020
posts 15
Jan 07, 2021 at 05:41
TR4DEX posted:
Most people fail because... Greed
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.
must read {Top-hidden-secrets-of-forex-trading}
https://fxreviewtrading.com/articles/top-hidden-secrets-of-forex-trading-and-its-application/
Miembro desde Oct 01, 2020
posts 33
Jan 19, 2021 at 09:33
Brank_A posted:
The reason people fail is because they don't have a concrete trading plan.
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.
