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The main reason of failure

Nov 30, 2020 at 15:12
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6 Replies
Участник с Jul 19, 2020   751 комментариев
Nov 30, 2020 at 15:12
The main reason of failure is unwillingness to learning and study. Forex trading is for skilled people. You can't make profit just by following some ready-made strategies available on internet. Beforehand investing your money into market, invest your time for learning. After learning learn to apply your knowledge. It needs time and patience.
Участник с Nov 30, 2020   7 комментариев
Nov 30, 2020 at 15:17
I know examples when unlucky traders or even people who don't know how to trade just used EA and so they can earn money
Участник с Jul 23, 2020   869 комментариев
Nov 30, 2020 at 16:55
I don't prefer auto trading. However, if you can build EA with your own trading strategy, it is ok.
Участник с Nov 16, 2020   21 комментариев
Dec 10, 2020 at 10:08
I think the main reason for failure is lack of proper education, experience, skills and knowledge about anything.
Участник с Jul 23, 2020   759 комментариев
Dec 24, 2020 at 18:01
Kroolsc posted:
The main reason could be lack of proper knowledge about trading. Sometimes, the beginners fail to understand how forex works and are unclear about the basics of it.
True. Even experience traders also sometime forget the basic knowledge or rule of trading.
Участник с Jul 19, 2020   298 комментариев
Dec 25, 2020 at 14:10
One of the best lessons I have learned that do not trade high impacts news if you are not sure about the movement of the price. Just by hear other or reading some online prediction, do not do news trading.
Участник с Jul 20, 2020   298 комментариев
Dec 26, 2020 at 02:29
Many people face loss after greed by making small deposits. No one maintains money management and risk with discipline again. Those who engage in such unregulated trading can never expect anything better from Forex.
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