Most people become unrealistic

Most people become unrealistic when come into trading. In any other business with 10$k, people's profit expectation is realistic. But when it comes to forex their expectation soars 10 times or more. That too with being skilled. Most traders even don't know what they are doing.

Most people become frustrated and make wrong decisions. It is not right. Every trader should have patience.

Most people think that forex trading is easy and big money. But they get disappointed when they lose soon they lose their account.

People have huge misconceptions regarding forex, the most common one being, getting rich too quick via it. But in reality, its all about being patient, the right strategy and working on skills. No point having unrealistic expectations from forex.

Most people want to earn money in Forex without any hard work and knowledge but in long-term trading, it can not be possible to make money without knowledge and plan.

Yes, you are right. Most people come to Forex trading and try to make an extra profit with little capital which can never be acceptable.

Unrealistic expectations will never give desired profits so better go forward with a sound trading plan.

Yes, most people become unrealistic when it comes to forex trading this is because people think it is a short cut to earn money without any knowledge and skill but don’t think about the risk associated with it.

true that, people actually think of becoming rich overnight

Weirdly, it will never work out that way. You will need knowledge and understanding everything about forex. And resonating with the strategy to ensure if you can make a profit consistently.

Most people tend to have really high expectations in the beginning and their judgement is clouded by different factors that lead to their downfall. I agree!

UweMoench posted:
Most people become unrealistic when come into trading. In any other business with 10$k, people's profit expectation is realistic. But when it comes to forex their expectation soars 10 times or more. That too with being skilled. Most traders even don't know what they are doing.

So true. You need to taper it all back work hard and adjust expectations as you go.

Those who strive for implausible returns probably don’t last very long.

I agree no point thinking you will get rich straight away for ever. Just take your time and be realistic.

people becomes unrealistic as they hear the stories from others and start applying the short cuts which is kind of stupid as it is always said there is no shortcut to success.

Yes, getting frustrated is one common attribute of people who are unable to get some decent returns on their trades.

Yes, that is correct and that leads to their doom in trading. It is always better to keep your expectations lower and then work accordingly. At least for beginners.

It's true. I believe everything because forex trading is advertised as the easiest activity for earning money and mainly brokers do it. Nowadays, there are lots of opportunities to make money in the internet and actually forex trading is considered to be one of the most hyped activity. That's why people come into trading and believe that they can make millions of dollars daily. However, it's not like that at all. There are no traders who would earn 100% to their deposit in the very first days. It's okay to earn 20-30% to deposit per month, but this result can be reached only due to hard working of a trader.

Most newbies believe the hype.....