Quit from trading ?

I think people face loss because of their own mistakes. Most of the traders fail in Forex because they do not have good knowldge and skills about Forex and want to become rich fast but do not want to learn Forex proprtly.

Those who are addicted can never give up fully. Most traders make trading their addiction. But then too there are also traders who never come back again. You should give up when you are making same mistakes over the years.

Many give up due to the following reasons ( in most cases ).

1) Choosing the wrong broker might make you give up forex forever.
2) Starting live trades without learning or practising.
3) Not using proper money management methods.
4) Thinking about getting rich immediately =D

but most of those who came back after such failures are successful traders.

Dictiony posted:
I think people face loss because of their own mistakes. Most of the traders fail in Forex because they do not have good knowldge and skills about Forex and want to become rich fast but do not want to learn Forex proprtly.

well said bro

There are many traders quitting trading than the ones who remain in the market to learn, explore, and make profits after a few losses.

I also think that there are many who, unfortunately, end up quitting for a lifetime. Some people lose capital because they start trading without proper knowledge, others run into scams and lose hope. Some even spread the rumor that trading is nothing more than gambling, or that by any means it was not their fault that they ended up with losses. This is why it is so important to educate yourself.

Quiting is not an option. But at the same time it's the best option if anyone think he is not progessing in terms of learning and skills. Learning from mistakes is the best kind of learning.

Michihito posted:
Quiting is not an option. But at the same time it's the best option if anyone think he is not progessing in terms of learning and skills. Learning from mistakes is the best kind of learning.

Well said! The important thing is not whether we make mistakes, it's whether we can learn from our mistakes.