Jul 10 2021 at 11:31
Most people fail because they get into overtrading or don’t pay interest in knowing about the market. The ones who fail are mostly who just enter into the market to just have profits.
Jul 13 2021 at 17:33
franklinmckinney posted:Yes. Most traders lose their money because of their low knowledge about trading.
Most people fail because they get into overtrading or don’t pay interest in knowing about the market. The ones who fail are mostly who just enter into the market to just have profits.
Jul 14 2021 at 10:08
Most people fail because trading is so hard. Making a consistent profit is almost impossible without inside knowledge
Jul 14 2021 at 10:19
It's nowhere near impossible to make consistent profits. You just have to learn to read the charts properly. Forget indicators. Forget support and resistance. Read the candles properly, as they tell you exactly what the banks are doing. Dump the retail trading methods, signals and EAs
Jul 14 2021 at 11:47
Yes I agree that most people tend to fail in trading because they only think about the goal of making profits, and disregard the need for proper analysis prior to making a trading decision. Trends need to be discerned, and a trading strategy should be in place to help you make proper choices at the best possible time.
Aug 04 2021 at 05:58
@mab8 yes people more focused on making money than developing skills to make money. As a result, they do not able to make consistent profit.
Aug 04 2021 at 11:14
But at some point you need to then focus on making money. When to know the transition to do that
Aug 04 2021 at 11:46
UweMoench posted:Agreed! They think if they can make the money, then why bother learning skill? When it is actually the other way round.
@mab8 yes people more focused on making money than developing skills to make money. As a result, they do not able to make consistent profit.
Jan 23 2022 at 18:12
notoriousfox1 posted:Making money is not so easy. You need proper planning to make money.
But at some point you need to then focus on making money. When to know the transition to do that
May 31 2022 at 05:45
It is a major problem for new traders. They always join forex with wrong information. Most of them believe that just investing in forex can earn them huge profits. In reality, a lot needs to be done to grow that amount of money into something big.
Jun 02 2022 at 10:06
Failure comes from both over confidence and fear. Now you have to identify your own. But failure can educate you for the coming achievement.
Jun 03 2022 at 10:37
All that glitters is not gold might be the right fit for forex trading. People get introduced to forex trading in a way that makes them think about forex as an easy road to riches. They often forget about the years of hard work, learning, skilling, practising, etc.
Jun 06 2022 at 09:29
I think it is because they fail to build a strong risk management system that helps reduce the amount of loss they incur. Traders are mostly over confident and do not think practically. This is why many fail easily.
Jun 07 2022 at 06:22
I think people fail because they take forex trading very lightly. They just jump into the forex market without much thought and don’t even bother to learn or do some background research. Such people mostly end up becoming victims of scams as they look for shortcuts or lose all their money due to greed and over trading. New traders need to spare some time to educate themselves and enter the forex market with a proper plan of action and strategy.
Jun 07 2022 at 11:13
According to me, many of them fail because their money is inadequate in comparison to the number of trades they make. Forex traders are compelled to take on such a large and volatile financial risk because of greed or the potential of controlling big sums of money with small capital.
Jun 07 2022 at 12:42
I think most traders fail because they don’t do their homework. Instead of learning the basics, they jump into trading live.
Jun 08 2022 at 00:08
Yes indeed, there are so many reasons for the loss, we can learn and try to recognize the mistake as the cause of loss, in general mistakes or error may occur from internal resources and external resources, and internal resources can occur from our own mistakes like greedy, over trading, insufficient trading capital, fear of missing out, etc, while external resources included disconnecting trading server, dynamic market in the high volatility market
Jun 09 2022 at 09:07
Failing in a few trades is a part of the game. It’s disheartening but if you wish to become a trader for a long term, you will have to get used to taking losses. It takes time to become consistent at making profits and a little patience would do wonders for you.
Jun 13 2022 at 10:29
Incapability is a major reason why traders fail. And when they fail, it’s not just money-making they fail at but also at understanding the market, building a trading strategy, and executing their trades.
Jun 15 2022 at 14:22
If people could be presented with a personal timeline showing how long it would take them to learn, how long they'd spend on demo, and then how long it would take them to become consistently profitable on a demo account then a lot of them would choose to just move on to the next idea. I think people think trading is simpler than it is and they don't see the big picture, then they want to give up once they start to realize what goes into it. There are too many scammers out there selling a false narrative about it.
