one thing I can say for sure. The situation with unrealistic expectations will not change as long as the concept of trading remains the same: it is available to almost everyone; famous examples of successful traders, for beginners it seems that this is an easy job, the market for transferring responsibility is developed (selling advisers, pamm, mam, and others)
A falling leaf does not try to influence the wind, it enjoys flying.
New traders often have unattainable goals and profit targets. They take huge risks to chase profits and encounter huge losses in the end. Being realistic is about preparing for the worst case scenario. A realistic trader would always pay at most attention to risk management as they know there is a possibility of loss behind every profitable opportunity in forex.
personifica_ posted: Sceptical expectations and swinging for the fences when making forex trades can be a downside. Most traders think of having unrealistic gains which are uncertain in this volatile forex market.
This is the reason why many traders end up broke and quitting.
Any form of unrealistic trading strategy could result in unanticipated losses. Unfortunately, many new and inexperienced traders have unrealistic goals, which are driven by the assumption that trading is the simplest method to make money.
Unrealistic expectations are the major reasons for losses in the market. It makes you greedy and you end up losing a lot of money. Therefore, it is always advised to have clear goals when trading because you can’t completely avoid risks because of high volatility.
Setting realistic expectations is crucial. Beginners having unrealistic expectations can make them lose money quickly. They do not understand the importance of trading psychology and the risks of the market and trade without considering them.
Trading becomes hard when a trader has unrealistic expectations and believes forex to be easy. They have to understand that forex trading is not easy at all, and it requires focus and mental preparation to trade and deal with the losses.
Unrealistic expectations are those that are disconnected from what is true and consistently possible, whether in terms of the outcomes or the amount of effort needed to succeed. The size of your account, how long it will take you to succeed, and your trading skills should all be taken into account when evaluating your expectations in the forex market.
Unrealistic expectations can ruin the game. Being realistic is crucial, and traders must know their risks and how they have to go forward. Knowing various parameters and knowing how to trade will remove such a tendency.
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UPOZORNENIE NA VYSOKÉ RIZIKO: Obchodovanie s devízami prináša vysokú úroveň rizika, ktoré nemusí byť vhodné pre všetkých investorov.
Páka vytvára ďalšie riziká a straty. Než sa rozhodnete obchodovať s devízami, dôkladne zvážte svoje investičné ciele, úroveň skúseností a toleranciu voči riziku.
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