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Most people fail because
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Nov 18, 2020 at 13:55
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Bladiminmunro posted:Fear is also common. Fra of losing money drive ones' trading decision into wrong path.
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.
Nov 18, 2020 at 15:06
(édité Nov 18, 2020 at 15:07)
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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
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Dec 09, 2020 at 14:26
(édité Dec 09, 2020 at 14:44)
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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.
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Dec 09, 2020 at 18:55
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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
lovefortrading (perryjohn765)
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