Most people become unrealistic

The get-rich-quick scheme doesn’t apply in trading and if that happens to be a newbie’s mindset, they are definitely going to lose more often than experienced traders. A trader must have enough patience that keeps their emotions in check, work on backtesting different strategies and constantly enhance their skills and knowledge. Unrealistic expectations lead to loss in funds, and in the individual’s sense of being.

Many traders lose the concept of why they started trading as they continue to do so, and they get impulsive and lose control of their money and can’t manage situations in the best manner. To avoid losing your capital money, a trader must be prepared beforehand and must inhibit patience and it's very important in the long run. Set realistic goals, those achievable in a short period of time, then expand and explore.

Some people trade forex in the hopes of becoming wealthy overnight. However, this is not the case. Because trading forex isn't easy, you must have a strong understanding of the market and should initially practise on a demo account to acquire useful skills.

Most people become unrealistic when they begin to trade in forex. Most of them think that forex trading is easy and start expecting to become rich in no time but forex is a long-term game that requires proper knowledge and patience to become successful in this market.

Mpst of people unrealistic at all. Even in business. Not only forex. But at forex there're a lot of those who don't understand the risks. Most of all they don't even know what the risks are these... And they lost. And they angree. And they blame everybody in this.

True. Trading is not a source of getting rich overnight. Many new traders enter the market with this misconception and eventually fail to make profits.

Mostly new traders are unrealistic because they get too influenced by the lucrative advertisements by some scam brokers. They think of the market to be an easy place to make money and often make wrong trading decisions.

I must say that scams are doing a great job. They are alluring new traders into believing how easily they can get through trading and make some good money. Such traders often become unrealistic because who doesn’t want to make money?

Being unrealistic is a sign of an uneducated trader. A trader who has studied well won’t ever expect the market to give free money. He will rather work on his strategy to make profits.

Most of the people are often in the myth that they’ll be earning quick money from forex. It's quite unrealistic to expect overnight success in Forex trading. Similar to other professions, it will require time to master the markets and become profitable in them. Unrealistic expectations regarding trading may do worse than good as traders can commit mistakes while trying to achieve their unrealistic targets. Expectations in forex should be judged with different variables: account size, the timeframe to become successful, and your trading abilities.you cannot expect to become a highly skilled and successful trader with a few months of learning and practice. You always need adequate time to learn the basics, build your strategy, test it, and practice it before you even start live trading. Once trading live, the learning circle starts again. There is simply no shortcut to this process, no overnight success, and no holy grail to become rich quickly.

i found this very helpful... thank you Meatus

Sublimes posted:
Mostly new traders are unrealistic because they get too influenced by the lucrative advertisements by some scam brokers. They think of the market to be an easy place to make money and often make wrong trading decisions.

The fancy alluring lifestyle showcased by many people think that forex is an easy and quickest way of getting rich. They neglect proper forex education and start trading live directly and eventually fail..

The most common misconception about forex is that it can make you rich very quickly. But in reality, patience, strategy, and practice are the keys to success. There's no point in expecting too much from the foreign exchange market.
Most people want to make money in Forex without putting in any effort or having any prior knowledge, but this is simply not possible.

Realistic goals are necessary for a healthy trading session. And moreover, there are no free meals in this world. Unrealistic goals can cause disappointment and eventually lead to quitting.

Yes, you're correct. The majority of people that enter the Forex market do so in the hopes of making a quick profit, which doesn’t always work.

I don’t find it surprising. Anyone can get allured by the mesmerising advertisements that make you believe that you can easily make money in the forex market. But only an intelligent person would be able to use his brain and realise that there is no easy way of making money. Others just fail ultimately.

I won’t go far. I also got attracted by the social media ads and the lucrative lifestyle of the so-called traders. I was so excited to start my trading career that I put a big amount at risk. The obvious loss (as I can say now) came as a major setback. Just like scammy advertisements, there must be realistic ads too that will help new traders make an informed decision.

It's natural for people to expect huge things from something when they see a lot of other people getting a lot. People remark about how much money a trader makes without considering the amount of effort they put in previously. New traders must realise that they cannot expect to make large gains right away. To get to that point, you'll need a lot of dedication and consistency.

It is unrealistic to expect instant success in Forex trading. With only a few months of study and practice, you cannot expect to become a highly skilled and successful trader. Before you begin live trading, you must first learn the fundamentals, develop your strategy, test it, and practise it with a demo account.