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Most people fail because
Sep 21, 2022 at 07:33
Miembro desde Sep 14, 2022
posts 40
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.
Miembro desde Aug 05, 2021
posts 401
Sep 21, 2022 at 21:12
Miembro desde Aug 05, 2021
posts 401
Gewgaw posted: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.
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.
Miembro desde Aug 19, 2021
posts 227
Sep 22, 2022 at 15:32
Miembro desde Aug 19, 2021
posts 227
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. 😄😄😉
Miembro desde Sep 21, 2022
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Sep 28, 2022 at 11:25
Miembro desde Sep 21, 2022
posts 6
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.
Miembro desde Feb 16, 2022
posts 119
Sep 29, 2022 at 19:10
Miembro desde Feb 16, 2022
posts 119
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.
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forex_trader_3036016
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