Most people become unrealistic

Traders can succeed when they are hard working, passions, trading in the right track. Being on the right track is essential for a trader which traders can hardly do.

In the forex market, people think some miracle will happen and they will become rich overnight, they just completely ignore the hardwork, the struggle the successful trader has been through to earn huge piles of money now has a long back story. Always set realistic goals for yourself and focus on learning initially and then work on strategies.

tyson_learner posted:
In the forex market, people think some miracle will happen and they will become rich overnight, they just completely ignore the hardwork, the struggle the successful trader has been through to earn huge piles of money now has a long back story. Always set realistic goals for yourself and focus on learning initially and then work on strategies.

I totally agree with the fact that success doesn’t happen overnight, it's not necessary to move mountains or cross bridges to attain your goal but consistency and discipline can bring you close to your aim. And for trading goals practice is a must.

one thing I can say for sure. The situation with unrealistic expectations will not change as long as the concept of trading remains the same:
it is available to almost everyone; famous examples of successful traders, for beginners it seems that this is an easy job, the market for transferring responsibility is developed (selling advisers, pamm, mam, and others)

Proper money management helps you distribute your profit and losses in such a way that leaves you profit on average ultimately.

Remember that your biggest allies are perseverance and consistency.

A trader can’t derive good amount of profit from the market until he or she has a flourished trading strategy.

People become unrealistic because they set unrealistic expectations.

Many people have become much more unrealistic in expecting to make a quick profit overnight which can never happen.

I see people starting with unrealistic ideas of profit but after they lose all their money they become more realistic and just want to make some small profits