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niceGLer
Nov 10 2019 at 09:15
164 postów
ratou11 posted:
EliteCapital1 posted:
Forex is a long term game not get rich quick system. I am the proof of that. when I started i traded in short time mind set and I made lot of money. But lost all of it. Then I started to look in long term goal and changed my strategy that way. I have not looked back since 2016.
This. Do not hesitate to cut losses. Always look for the long term.

What us the long term for you? Daily or Weekly or Even monthly?

steveday1976
Nov 10 2019 at 09:33
50 postów
aussimoney posted:
most have lost the plot , learning is the key to winning most are just greedy they see the big dollars before they learn ,
yeah, it is something that can take years to master. Some people seem to think it will only take weeks/months.

niceGLer
Nov 10 2019 at 10:50
164 postów
ratou11 posted:
Professional4X posted:
niceGLer posted:
Spread is the main reason. Market plays are the second. If one opens arbitrarily positions, and closes them after 20 pip loss and profit, losses equal to spread :)

Other reasons are the ones mentioned above, I guess :)


Absurd...... Spread? Spread is generally irrelevant unless you're a scalper that requires very low spreads.

If that's the case, then you need to reconsider your trading strategy and get a better broker.
Indeed, I can hardly see how spreads would be preventing someone from being profitable, other than from very tight scalping.

By trying to trade breakouts with moving averages?

kenya 001 (kwalanda1)
Nov 10 2019 at 11:40
1 postów
indeed true i've walked this journey and i completely agree with you guys. treat forex just as a business you will go far

patience is a language
steveday1976
Nov 10 2019 at 19:57
50 postów
kwalanda1 posted:
indeed true i've walked this journey and i completely agree with you guys. treat forex just as a business you will go far
yes trouble is a lot of people who start tradind do not think this way.

EliteCapital1
Nov 10 2019 at 21:43
13 postów
niceGLer posted:
ratou11 posted:
EliteCapital1 posted:
Forex is a long term game not get rich quick system. I am the proof of that. when I started i traded in short time mind set and I made lot of money. But lost all of it. Then I started to look in long term goal and changed my strategy that way. I have not looked back since 2016.
This. Do not hesitate to cut losses. Always look for the long term.

What us the long term for you? Daily or Weekly or Even monthly?

Referring to long term trading is not what time frame I use to trade. It's rather how particular currency going to behaves in next 1-2 years. I use daily chart and I calculate my p/l yearly basis...

ForexViking69 (ForexViking69)
Nov 11 2019 at 22:51
25 postów
Wrong leverage and risk management I think are the two big factors that beginner traders fail I find. Also letting emotions get in the way of trades is another biggie. Experience and proper money management are two things I push to new traders.

Smith88
Nov 13 2019 at 09:39
25 postów
Many fail to achieve profits in this field, that’s right. Now there can be various reasons behind this, but the majority one, I think is greed. New traders and even some old experienced ones are stuck to think that forex is a money making machine that will give them returns in seconds and this greedy nature often forces them to over trade in forex. No! To master this field and get consistent returns you will have to be very patient and trade keeping practicality in mind and not greed. This is lacking in most of us, which is why traders tend to loose here.

Garil
Dec 02 2019 at 18:17
24 postów
People lose due to many reasons. But speaking with a lot of such losers I noticed one thing - they all are lack of confidence. They don't believe that they can win, so they even don't try to be successful. Trading and losing for them is natural and confirm their opinion. So don't be losers in mind :)

Michael989
Dec 14 2019 at 18:08
8 postów
90%? I have read on the https://www.thebalance.com/why-do-forex-traders-lose-money-1344936 that even as much as 96% of forex traders lose money. Having said this, 100% beginners with no strategy lose money 😁

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