Oct 16 2021 at 08:05
It's just that many people often don't want to try and waste time. When I started working with a broker , I just took the time to work on a demo account, and got an excellent result.
Oct 17 2021 at 09:42
because most traders are people who come to forex without understanding what and how it works, and hope only for what they were promised when making a deposit
Oct 18 2021 at 10:36
The reason behind trader's failure is lack of patience and knowledge.
Oct 18 2021 at 10:43
Nathan_Han001 posted:
The reason behind trader's failure is lack of patience and knowledge.
Yes. You are right.
Oct 18 2021 at 10:46
Trading on forex and seeing good returns is not a one day game. For consistent returns one have to maintain good consistency in his trading routine. Look for accurate entry and exit points on the chart with proper stop loss. Back-test your strategies on different timeframes for better results.
Oct 18 2021 at 12:43
Think a lot of the failed trader percentage comes from those that quickly jump in with hopes to get rich with little knowledge or effort.
Oct 18 2021 at 14:22
A lack of education and trying to make easy money where there is none is the root of most failures.
If you can't spot the liquidity then you are the liquidity.
Oct 18 2021 at 16:37
You shouldn't rely on luck in trading. Experience is a much more stable fulcrum.
Nathan_Han001 posted:
The reason behind trader's failure is lack of patience and knowledge.
Agreed. They need to have a proper knowledge in order to understand the common sense of forex trading
According to me, most traders don't get success when their greed comes in between forex trading, this is when they start overtrading and gets risks and losses.
Oct 20 2021 at 16:28
I totally agree with the idea that the main reason for failures is misconception of the newbies about what trading really is. Successful trading presupposes much learning and practise. Not all of the people are ready to spend so much time on analysing the charts and news, so you will more likely to be a success on the market if you are really interested in trading. However, if you think that trading forex is easy and it doesn't require any efforts, you'd better stay away from this activity as you will definetely lose lots of money with such an approach.
Well, no doubts that most of traders don't get success and the reasons of such situations are that they dedicate less time to learning and practicing. It sounds quite corny, however it really depends on these things. Moreover, I would note emotions and unproper goals. Of course, it's quite unpleasant to lose money, especially when you lose all your money, however it makes traders stronger as I think. Those traders who always try, they always reach success. They made mistakes but they understand that they wouldn't let these mistakes to interrupt their future trades. So, it works approximately like that.
Oct 20 2021 at 18:58
Probably true, if everyone one it wouldn't work very well would it.....
Oct 20 2021 at 19:21
skihav posted:
It's just that many people often don't want to try and waste time. When I started working with a broker , I just took the time to work on a demo account, and got an excellent result.
A demo is the best place to learn.
Oct 20 2021 at 20:33
Maybe yes maybe no, I think successful traders only for them that always hard work and smart work, they want to spend time learning and have a good mindset, because forex trading is about how to manage money to make money, choosing trading pair also important to get good pair with a strong trending market, the easier trading is when the market in strong trending, but waiting this moment is not always to come.
Oct 21 2021 at 05:48
Lack of knowledge and practice
Oct 21 2021 at 15:16
Forex is such an occupation where it is not so easy to get profitable results
Oct 22 2021 at 07:57
GraceGilm posted:
Forex is such an occupation where it is not so easy to get profitable results
Agreed!
Success in forex trading depends on knowledge and experience.
Oct 22 2021 at 11:13
In many respects, of course, this depends on the trader himself, but this is so. Very often, by their own stupidity, traders actually lose their money.
Most traders are unsuccessful. In fact, statistics suggests that 95% traders fail in this business. One of the reasons for that is traders invest their money in live market way too early than they should. Since it is not an easy business, they lose their money as well as confidence. Let us not do it. We must invest our hard work, time and dedication before investing real money in this market. It is not easy but it is certainly doable if it is dealt accordingly.
