Sep 23 2022 at 10:50
I believe most people fail in forex trading because of their psychology. Emotions such as greed, fear, anger, etc., don't let you make rational decisions. Also, not using risk management, over-leveraging, lack of knowledge, and unrealistic expectations are some other reasons traders fail in the market.
Sep 23 2022 at 11:01
The reason, why most people fail, is because they give up so early
Sep 28 2022 at 07:57
Many traders do not have the right goals or a realistic mindset to achieve those goals. They lack patience, discipline, and consistency. They don’t use risk management, and their emotional control is bad.
They use high leverage and want to earn as fast as they can, which results in failure.
They use high leverage and want to earn as fast as they can, which results in failure.
Sep 28 2022 at 11:25
As a new trader, you should know why traders fail so that you don’t make the same mistakes. The main cause of their failure is lack of knowledge and psychology. Because of this, about 90-95% fail. Forex requires commitment and an open-mind to learning and consistency. Many new traders only come to the market to earn quick bucks, which is not always achievable in this market.
Sep 29 2022 at 19:10
UweMoench posted:
Most people fail because most people do not have necessary knowledge and skills. People come here with a expectation of making money quickly and easily. Basically they are introduced forex in a wrong way. If they have been told it will take time to learn the necessary skills, the percentage would have been different.
Rather than doing so, if a trader trade moderately, you can make profit on average. As a result, traders fall into loss and can’t survive in Forex for long.
Oct 01 2022 at 10:53
There are different ranges and angles where the market remains stuck and those who have sufficient market knowledge can utilize these opportunities to make profit.
Oct 01 2022 at 13:46
Traders can generate profit from here sitting at home. So, to make your trading more ease, you should start with a reliable trading broker.
Oct 02 2022 at 11:19
broker is important , thee is no way to deny , but choosing a broker is really a difficult task , because most of brokers in online right now found as scams.
Oct 03 2022 at 09:49
There are multiple reasons for a trader’s failure and the most common is greed. They do not research market trends and behaviour beforehand and simply want easy money. To be profitable in trading, one must be hard working, consistent and patient. Profits are earned through experience and learning over time. As one acquires experience, he gains a better understanding of the market and becomes more intuitive and decisive.
Oct 03 2022 at 12:47
Dissolute posted:
There are multiple reasons for a trader’s failure and the most common is greed. They do not research market trends and behaviour beforehand and simply want easy money. To be profitable in trading, one must be hard working, consistent and patient. Profits are earned through experience and learning over time. As one acquires experience, he gains a better understanding of the market and becomes more intuitive and decisive.
Exactly, wise words! People do also fail in trading because of over-trading rather than learning from their losses, greed, and trading without proper knowledge.
Oct 03 2022 at 13:55
Greeding is definitely one of the biggest reason...
Oct 04 2022 at 05:24
I think trading too much, not conducting enough research, and relying too heavily on recommendations are some common mistakes made while trading.
Oct 05 2022 at 09:04
The majority of traders enter the market in order to make quick money. It is simply not possible. That is not the case with forex trading. You cannot be successful in the market unless you have sufficient knowledge and expertise.
Oct 06 2022 at 08:38
Depending of your trading style, but most of the time it's because we stay too much on positions
Oct 06 2022 at 10:20
Traders should earn expertise on a certain type of trading so they can gradually develop this type.
Oct 06 2022 at 13:02
At the very initial stage, it’s really hard for traders to develop a strategy for trading well as new traders don’t know the market well.
Oct 07 2022 at 10:41
This is the reason that a new trader should always practice trade first on the demo account and study the market daily. Then shifts to live.
Oct 07 2022 at 11:38
people fail because they try to bring more profit without learning. this is insane decision
Oct 08 2022 at 12:24
However, don’t make a utopian scheme about trading because it will destroy you. Follow a step by step guide to develop yourself.
Oct 09 2022 at 10:41
New traders should pass more time with the market to understand the market well so they can make a good strategy for them. Newbie traders have run their attempts thyself to develop their ability.
