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Most people fail because
Member Since Jul 19, 2020
283 posts
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.
Member Since Aug 17, 2020
121 posts
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.
Member Since Nov 07, 2020
19 posts
Nov 30, 2020 at 09:55
I think you should spend some more time on improving your knowledge and learning new skills.
Member Since Mar 04, 2019
1 posts
Dec 09, 2020 at 14:26
(edited 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.
Member Since Jan 11, 2019
140 posts
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
Member Since Sep 12, 2017
232 posts
Dec 10, 2020 at 04:07
People fail because of lack of patience, knowledge and greed to earn more.
Member Since Feb 12, 2020
11 posts
Dec 10, 2020 at 12:33
More often than not, people fail because of their greed. This is the main enemy of the trader.
Member Since Sep 18, 2020
30 posts
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.
Member Since Jul 23, 2020
816 posts
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.
Member Since Jul 20, 2020
286 posts
Dec 12, 2020 at 02:28
Most people face loss because of their excessive greed. So every trader should control greed. If greed can be controlled and traded, it is possible to make a profit.
Member Since Oct 30, 2020
15 posts
Jan 07, 2021 at 05:41
TR4DEX posted:
Most people fail because... Greed
The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces {forex traders} to take on such huge and fragile financial risk.
must read {Top-hidden-secrets-of-forex-trading}
https://fxreviewtrading.com/articles/top-hidden-secrets-of-forex-trading-and-its-application/
Member Since Oct 01, 2020
33 posts
Jan 19, 2021 at 09:33
Brank_A posted:
The reason people fail is because they don't have a concrete trading plan.
There are instances when there are failures due to trader’s own negligence but they learn from those mistakes. Planning can reduce the risk but it’s not a sure thing that every trade goes according to the strategy.
