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Most people become unrealistic
Jan 19, 2022 at 07:25
Membre depuis Jul 27, 2020
posts 99
Traders need to know that when they are starting to trade, they need to know that the goal has to be realistic and not to be mistaken with overachieveness. They tend to become unrealistic after making few profits, thinking if they can do it then they can create unrealistic goal.
Jan 22, 2022 at 13:47
Membre depuis Jun 13, 2020
posts 17
Well, it's a really spread issue within trading community. Sometimes new traders believe in themselves more than professional traders. Everything because they heard that trading is something about easy money, while in fact it's not like that at all. Trading implies bunch of hard work and it means that there is no easy money at all.
Everything that new traders might earn is 20% plus to their deposit within a month and this result is amazing one. Mainly because new traders as a rule lose their money, because of this over-self-confidence. It's cool that people are confident, however it must have wise borders. Overconfidence eliminated plenty of traders from the market.
Everything that new traders might earn is 20% plus to their deposit within a month and this result is amazing one. Mainly because new traders as a rule lose their money, because of this over-self-confidence. It's cool that people are confident, however it must have wise borders. Overconfidence eliminated plenty of traders from the market.
Membre depuis Jul 20, 2020
posts 385
Membre depuis Mar 16, 2021
posts 447
Jan 28, 2022 at 04:08
Membre depuis Nov 03, 2021
posts 53
Whether it’s about setting goals or expecting results, always be realistic. Set modest goals because unrealistic goals are not only hard to achieve but they also create mental stress which itself can be detrimental for your psychology. In the same way if you expect huge results quickly, it can disappoint you to the extent where you feel like quitting.
Membre depuis May 19, 2020
posts 321
Jan 28, 2022 at 13:16
Membre depuis May 19, 2020
posts 321
What the business is possible to establish with $10,000? But maybe it depends on the country financial condition... anyway, forex is the most accessible type of business. Just see, if you have $100, you can only buy some food for nice dinner, this is investing in your health. But if you have the same $100 on forex, you can trade with any instrument and buy/sell almost everything because of leverage and lot size. So if forex accept only 1:1 leverage, this will be closer to real business project with real profit ability.
@Marcellus8610
Membre depuis Jun 07, 2021
posts 70
Feb 04, 2022 at 05:34
Membre depuis Jun 07, 2021
posts 70
It is human nature to expect big things from something they see a lot of people are getting a lot. People talk about the huge profits a trader makes without knowing the efforts put in by them in the past. The new traders need to understand that they cannot expect huge profits right from the start. It will take a lot of dedication and consistency to reach that level.
Feb 04, 2022 at 10:45
Membre depuis Feb 04, 2022
posts 9
whitneytyler posted:
It is human nature to expect big things from something they see a lot of people are getting a lot. People talk about the huge profits a trader makes without knowing the efforts put in by them in the past. The new traders need to understand that they cannot expect huge profits right from the start. It will take a lot of dedication and consistency to reach that level.
This is the problem, all those scammers claiming Forex is a get rich quick scheme. That is why so many trader have unrealistic expectations
Feb 09, 2022 at 05:40
Membre depuis Nov 02, 2021
posts 73
People who are unrealistic in forex trading will lose their money. This is because they spend time following patterns, indicators and gurus. It's actually all pointless. One should develop a trading plan and stick to it. If they don't, they will most likely lose their money.
Membre depuis Nov 20, 2021
posts 19
Membre depuis Apr 09, 2019
posts 516
Feb 10, 2022 at 10:45
Membre depuis Apr 09, 2019
posts 516
I think it is the culture that we live in now where instant gratification is the norm or at least the pursuit of it is. I love crypto but think that stories of people 100xing their money in a week causes confirmation bias that it is normal in other areas like forex.
If you can't spot the liquidity then you are the liquidity.
Membre depuis Dec 14, 2021
posts 28
Feb 18, 2022 at 05:20
Membre depuis Dec 14, 2021
posts 28
Any type of unrealistic approach in trading might lead to unexpected losses. Unfortunately many new and young traders have these unrealistic goals which are supported by misconceptions about trading being the easiest way of earning money.
Membre depuis Feb 21, 2022
posts 9
Feb 23, 2022 at 10:48
Membre depuis Feb 21, 2022
posts 9
Briosody posted:Peirameter posted:
Any type of unrealistic approach in trading might lead to unexpected losses. Unfortunately many new and young traders have these unrealistic goals which are supported by misconceptions about trading being the easiest way of earning money.
You’re right, and it won’t take long before that bubble bursts and they get the reality check.
The problem many (and myself) have had is that even after the bubble bursts and the first account is blown, people keep coming back and trying to make money but end up losing. I am sceptical if it is even possible to make profit from forex trading
Membre depuis Feb 16, 2022
posts 60
Feb 23, 2022 at 15:21
Membre depuis Feb 16, 2022
posts 60
RobSchiz posted:LeonRocky3 posted:
I agree no point thinking you will get rich straight away for ever. Just take your time and be realistic.
You need proper knowledge and patience to become successful in this market.
True, I know a trader who are expecting 100% return in every month, but his trading skill is too immature, less than 30% accuracy! On the other hand, his money management plan isn’t organized, but till now expecting 100% return! That’s the reality!
Membre depuis Jul 20, 2020
posts 385
Feb 23, 2022 at 17:02
Membre depuis Jul 20, 2020
posts 385
Tilokvarma posted:RobSchiz posted:LeonRocky3 posted:
I agree no point thinking you will get rich straight away for ever. Just take your time and be realistic.
You need proper knowledge and patience to become successful in this market.
True, I know a trader who are expecting 100% return in every month, but his trading skill is too immature, less than 30% accuracy! On the other hand, his money management plan isn’t organized, but till now expecting 100% return! That’s the reality!
Thats the issue it doesnt work having such high expectations. Its key to have working management patience and rules for entry and exit after that let the market do what it does
Feb 25, 2022 at 07:56
Membre depuis Jan 18, 2022
posts 20
Traders who think that they will make money in the forex market immediately have unrealistic goals. Trading is not a gateway to overnight success. The risk associated with trading increases if you lack proper education. If you want to make money in forex, then educate yourself first and learn to control risk.
Feb 28, 2022 at 06:18
Membre depuis Feb 18, 2022
posts 15
Forex liquidity attracts thousands of traders every year but most of them come unprepared and hope to make something big out of trading instantly, without any knowledge. Honestly, that is a wrong market approach. You can’t make money if you don’t have the skills.

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