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Most people become unrealistic

Briosody
Feb 23 at 04:52
posts 36
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.
writhehaircut
Feb 23 at 10:48
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
skihav
Feb 23 at 13:55
posts 801
It is important to understand that most often the reason for this is that people themselves greatly exaggerate their understanding of the market.
Tilokvarma
Feb 23 at 15:21
posts 49
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!
CraigMcG2020
Feb 23 at 17:02
posts 358
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
Treeny
Feb 23 at 18:45
posts 213
The don't become unrealistic, they are unrealistic from day one because of all the false promises out there
Gewgaw
Feb 25 at 05:50
posts 34
Traders should always stick to the trading process and refrain from having any unrealistic approach if they want to succeed consistently.
frandunn
Feb 25 at 07:56
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.
Diptote
Feb 28 at 06:18
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.
davemack
Feb 28 at 06:25
posts 78
Wrong mindset is always dangerous and misconconceptions are always misleading. Traders must be aware of the fact that forex is no hard and fast way for making money.
croisssan
Feb 28 at 17:03
posts 939
Many often fail to properly assess their decisions and points of view. We see the result, and we understand it.
Marcolis
Mar 03 at 05:57
posts 87
Unrealistic trading makes a person unrealistic. There should be some valid reasons behind opening a trade. But we see that a major percent of traders open trades without any analysis and valid reason that generally ends in smoke. So, this makes them dejected and frustrated about trading.
LeoGM
Mar 29 at 07:01
posts 52
It’s an evergreen truth that unrealistic trading never deserves reward. So, make your trading realistic by developing new strategies, taking the right approach and maintaining proper risk management strategy. So, it will take much time to develop but don’t be patienceless.
Hotfoote
Apr 04 at 07:43
posts 29
It is not an easy path to success. Time, patience and practice help you reach your set goal. If you follow a good trading plan and learn from your mistakes, you get better at managing your money and risk.
HeavenLeighGill (HeavLeighGill26)
Apr 04 at 16:35
posts 284
Agree with this 100%. Once people realize how much work goes into it, they're no longer interested. If it was that easy to get rich from trading, everyone would do it,
Ollie33
Apr 04 at 16:39
posts 6
Many people know about the brilliant results of well-known traders, but few people are interested in the results of people who have built their success in a less popular field. So, this overestimation effect will also work, for example, in politics or in the cinema industry, because there are amazing media famous examples.
A falling leaf does not try to influence the wind, it enjoys flying.
Tilokvarma
Apr 07 at 07:50
posts 49
Forex is a realistic business so don’t do something unfair that drives away people’s mind from it. Forex can give you profits beyond your imagination. But follow the right path of trading. Go to professional traders and take lesson from them. Haphazard trading will never bring profit for you.
LyudmilLukanov
Apr 08 at 05:24
posts 809
If you follow a wrong person in trading, so it’s quite natural that you will be mistaken. So, traders should develop themselves step by step in a legal and legit way. Forex wants discipline and traders should bear it in mind. Traders should note their lacking and work on it to recover those lacking.
LabuyaChicay
Apr 20 at 07:30
posts 63
Traders must be realistic about their trading but they are not realistic indeed. They don’t focus on strategies and fundamental view of market that help them not to catch the actual market trend. As a result, they can’t identify the market’s exact flow and situation.

casablancaForex
Apr 20 at 09:22
posts 6
LabuyaChicay posted:
Traders must be realistic about their trading but they are not realistic indeed. They don’t focus on strategies and fundamental view of market that help them not to catch the actual market trend. As a result, they can’t identify the market’s exact flow and situation.


It is sad when traders do focus on strategies and fundamental but they have been taught bad methods. This means they work hard for a failing plan
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