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Most people fail because

Oct 04, 2020 at 11:33
Vues 2,927
88 Replies
Membre depuis Oct 15, 2020   posts 59
Nov 06, 2020 at 07:40
Overconfidence and greed are two most common aspects of failure. People often let their greed for earning more and more take over their decision making ability.
Membre depuis Oct 13, 2020   posts 34
Nov 06, 2020 at 12:10
If you can’t control your emotions, you might not be able to stay in the market for long.
Membre depuis Jul 23, 2020   posts 759
Nov 18, 2020 at 13:55
Bladiminmunro posted:
Overconfidence and greed are two most common aspects of failure. People often let their greed for earning more and more take over their decision making ability.
Fear is also common. Fra of losing money drive ones' trading decision into wrong path.
Membre depuis Dec 24, 2013   posts 1
Nov 18, 2020 at 15:06 (édité Nov 18, 2020 at 15:07)
most peope loose money in forex because they don't trade with <a href='https://www.forex-wikipedia.com/2020/10/how-to-organize-proper-risk-management-in-forex.html'>proper money management</a> tahts why they lose money in forex
Membre depuis Jul 19, 2020   posts 318
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.
Membre depuis Jul 19, 2020   posts 788
Nov 19, 2020 at 00:42
Yes, you are right, most traders do not know what they are doing. If they had gained knowledge about trading, they would not have accepted so much less.
Membre depuis Aug 17, 2020   posts 123
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.
Membre depuis Nov 07, 2020   posts 25
Nov 30, 2020 at 09:55
I think you should spend some more time on improving your knowledge and learning new skills.
Membre depuis Jun 30, 2020   posts 90
Nov 30, 2020 at 10:14
Well, this is natural, because we do not have a certain experience in order for it to work, you can spend time
Membre depuis Oct 05, 2020   posts 18
Nov 30, 2020 at 10:42
DoraWalletInvest posted:
Many people come to trading without adequate knowledge. But in the end I believe you only fail if you stop trying.
That's right. Forex has no more for quitting, only hard workers get good success here.
Membre depuis Nov 19, 2020   posts 6
Dec 09, 2020 at 11:00
RelySmith posted:
For anyone with lack of knowledge, it is very easy to lose in the forex market.
Yes that's one of the major reasons.
Julian (JetClubForex)
Membre depuis Mar 04, 2019   posts 1
Dec 09, 2020 at 14:26 (édité 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.
Membre depuis Jan 11, 2019   posts 147
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
Membre depuis Nov 28, 2009   posts 47
Dec 09, 2020 at 19:02
i dont think its because of knowledge, but emotions for sure because of too big positions.
Membre depuis Jul 19, 2020   posts 788
Dec 10, 2020 at 01:03
Most traders lose because of their extra emotions. If he does not control his emotions, he will never be able to become a successful trader.
lovefortrading (perryjohn765)
Membre depuis Sep 12, 2017   posts 238
Dec 10, 2020 at 04:07
People fail because of lack of patience, knowledge and greed to earn more.
Membre depuis Apr 18, 2020   posts 54
Dec 10, 2020 at 06:07
Lack of discipline, proper strategy and knowledge. Main factors responsible for a trader's failure.
Daniel (Daniel32946)
Membre depuis Feb 12, 2020   posts 12
Dec 10, 2020 at 12:33
More often than not, people fail because of their greed. This is the main enemy of the trader.
Membre depuis Sep 18, 2020   posts 31
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.
Membre depuis Jul 23, 2020   posts 869
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.
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