I think people face loss because of their own mistakes. Most of the traders fail in Forex because they do not have good knowldge and skills about Forex and want to become rich fast but do not want to learn Forex proprtly.
Those who are addicted can never give up fully. Most traders make trading their addiction. But then too there are also traders who never come back again. You should give up when you are making same mistakes over the years.
traderroni posted: I agree. Emotions hinder our performance in trading. However we need to find a way out to control it and not lose hope even if we incur losses. Losses are a part of everyone’s trading. So stay calm and keep trading.
That’s right. Follow the trading plan is most important. Most of trader fail to do that because of emotion.
Many give up due to the following reasons ( in most cases ).
1) Choosing the wrong broker might make you give up forex forever. 2) Starting live trades without learning or practising. 3) Not using proper money management methods. 4) Thinking about getting rich immediately =D
but most of those who came back after such failures are successful traders.
Dictiony posted: I think people face loss because of their own mistakes. Most of the traders fail in Forex because they do not have good knowldge and skills about Forex and want to become rich fast but do not want to learn Forex proprtly.
I also think that there are many who, unfortunately, end up quitting for a lifetime. Some people lose capital because they start trading without proper knowledge, others run into scams and lose hope. Some even spread the rumor that trading is nothing more than gambling, or that by any means it was not their fault that they ended up with losses. This is why it is so important to educate yourself.
Michihito posted: Quiting is not an option. But at the same time it's the best option if anyone think he is not progessing in terms of learning and skills. Learning from mistakes is the best kind of learning.
Well said! The important thing is not whether we make mistakes, it's whether we can learn from our mistakes.
ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores.
El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo.
Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda.
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