Most people fail because

I would say that try to keep your excitement at low levels and invest patiently at the early phase of forex trading. One wrong trade can vanish your all hard earned money. Try to learn from small trades and then gradually move to bigger ones. Learning from mistakes keeps you on a safe path.

Mainly because wrong vision about what Forex is and what`s needed to succeed.

self confidence is really important for real life and trading ,
but the main problem is we dont know actually what is self confident and what is over confident.

momo3HC posted:
Mainly because wrong vision about what Forex is and what`s needed to succeed.

That's right, Many traders start here with the wrong perception about what forex really is what it demands from traders to achieve success. And this is one of the basic reasons behind the failure of many.

risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  

mindset is what fails most traders over long term

Above everything else you require knowledge and appropriate trading outlook. In the event that we need to lead a secured and open to trading environment with positivity we the traders need to pick the solid broker which ensure their customers funds.

All the above there is some grain of truth. Brokers, knowledge, not knowing what they are doing, mindset, risk management ...
and Greed, greed, greed ...

But NO ONE said that losses are simply related to TIME! What I mean?
If you don’t take risks, you won’t earn.
You will have positive trades, you will have negative ones, but in the end all your CAREFUL trading will NOT MATTER, because the profit related to the time spent will not be profitable!
It will be some cents of profit ...
You definitely need to take risks to make money! Real money!
And risk is always associated with losses. That's the whole truth.
You're welcome :)

Cheers, Matt

The reason of failure is the lack of knowledge and skills. It doesn't help you with little knowledge of trading. One needs full understanding of the market.

Traders should learn from their mistakes and failures. As long as you have a positive attitude and are constantly learning, you will be successful in the long run.

UweMoench posted:
The reason of failure is the lack of knowledge and skills. It doesn't help you with little knowledge of trading. One needs full understanding of the market.

Also they have quite expectations thinking that it is one of the quicker way to make bucks

Greed is a top reason people fail . trade too much with too large a lot size because they want to get rich quick

strangermare posted:
Greed is a top reason people fail . trade too much with too large a lot size because they want to get rich quick

I agree with you, it is only the greed of people which leads them to losses in forex.

Poor risk control, bankroll management, letting fear be in control, emotional trading, revenge trading. These are the main culprits.

Everyone has one or two or more, that will a bigger challenge than the others, effecting them differently.

The reasons to understand foreign exchange in order to understand forex trading you made this why I believe that any online community or even varshali or social website or any account is the best strategy. The concept is simple, easy, and safe because it just dreams of few beers profit, and that should be easy to achieve. However, it also takes analysis of the market movement to find the existing trend and then do the trades accordingly since the Forex market moves with waves, which sometimes go up and sometimes go down, just like the price of Amore cake. The reason of feeling is that traders don't get to the right place at the right time, so it is difficult to make good profits in forex trading.

Hi all,
What of expert advisor are you use?
I'm trade just with my own EA can check in my profile.

The reasons for failures can be different. I don't even know how many categories of failures exist. Every situation is different that is why it is a very hard task to try to generalise them. I can mention the most popular and widespread mistakes which young traders make and which lead to the absolute failure of one particular trading account. First of all, it is high expectations. There are so many people who come to trading with the idea that here they will make tons of money and become millionaires in a week. Surely, this assumption is far from being realistic. Trading requires lots of knowledge and skills and whatever. So, the first thing a trader should know is that trading requires lots of learning and practice if you want to become a success and make at least some profits. THe whole process of learning is not easy because nothing goes smoothly in the beginning and there is practicaly no motivation as you don't earn anyting in the beginning. Secondly, choosing the wrong broker. I know that forex market is becoming more and more regulated, but there is still many scams here. THat is why a trader should be extremely careful while choosing the broker which will not disappear in a week with your money in their pockets.

Most people fail because they believe in fairytales that trading is the infinite source of money available to everyone without proper background, knowledge and skills. Surely, such a conception is far from being true as trading requires lots of patience, efforts and motivation. It is something like answering the question of why the most of writers fail to be famous and well-paid. Because not all of them are ready to live in poverty before the learn how to write cool things and attract publishing houses. Trading is quite the same: only the strongest can stick it out and get to the bottom of everything which happens on the market. They accept the challenges of the market every day and they are ready to overcome the hurdles on their ways. If you think that you can come to trading and start making good decent profits immediately, you'd better go to casino and leave the money there. At least, you'll derive some pleasure from it.

most people fail because to having same reason , its very true fact and human common nature , when you do same mistake again and again then remember its not a mistake its a own choice.