Most people become unrealistic

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.

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.

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.

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.

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,

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.

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.

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.

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.

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

When you think soberly and adequately evaluate yourself, then there's no problem.

Forex trading maybe make some traders confused when setting too high a target untouched and the price bounce hit stop loss but set too tight stop loss will hit stop loss so often, sometimes trader needs to be the realistic target and stop loss to get balance.

saluteband posted:
Many people become unrealistic about forex trading, because of a lack of knowledge, and as a result, they are unaware of the risks that may arise along the route, resulting in significant losses.

I think being unrealistic is the biggest flaw for sure if people gave trading the same effort and commitment as a degree they would see so many better results imo

Unrealistic expectations are a result of a lack of knowledge. When a trader knows what is happening in the market and what needs to be done, they focus on what is possible. They will build their trading strategies accordingly and won’t distract from their plans.

One of the major reasons why forex traders become unrealistic is that there are no entry and starting filters. They are not well informed and often believe in everything that advertisements tell them about trading. With no knowledge of the live market and real situation, new traders jump into the market with the hope of making exceptional income.

Unrealistic trading creates no value for a trader. So make you trading realistic with new strategies and always try to view the market from your fundamental viewpoint. Fundamental signal generation helps a trader in understanding the market movement.

If traders’ motive is right, their trading cannot go astray. So, traders have to be passionate about trading and find out the ways by which they can reap much gain from Forex trading. After all these things done, they must search for a good trading broker to start trading career.

Take several measures to flourish your trading. A trader can be well-learned by taking lessons from his mistakes. Forex trading is such a thing that can fully destroy you if you don’t have a valuable asset like learning. So, select your professionalism considering your worth.

The get-rich-quick scheme doesn’t apply in trading and if that happens to be a newbie’s mindset, they are definitely going to lose more often than experienced traders. A trader must have enough patience that keeps their emotions in check, work on backtesting different strategies and constantly enhance their skills and knowledge. Unrealistic expectations lead to loss in funds, and in the individual’s sense of being.