Dec 10 2020 at 12:33
More often than not, people fail because of their greed. This is the main enemy of the trader.
Dec 11 2020 at 07:19
Another reason is because of lack of a solid risk management strategy.
Dec 11 2020 at 12:21
Daniel32946 posted:
More often than not, people fail because of their greed. This is the main enemy of the trader.
One of the biggest reasons indeed. I have seen people quit forex completely because of greed that wiped them badly.
Dec 11 2020 at 17:09
Antonio_K posted:
Another reason is because of lack of a solid risk management strategy.
Right. Solid risk management strategy is essential to survive in the trading.
Dec 12 2020 at 02:28
Most people face loss because of their excessive greed. So every trader should control greed. If greed can be controlled and traded, it is possible to make a profit.
Jan 06 at 07:05
There are a lot of reasons as to why people fail. Lack of proper knowledge, neglect, greed for profits, etc. could be some reasons.
Jan 07 at 05:05
The reason people fail is because they don't have a concrete trading plan.
Jan 07 at 05:41
TR4DEX posted:
Most people fail because... Greed
The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces {forex traders} to take on such huge and fragile financial risk.
must read {Top-hidden-secrets-of-forex-trading}
https://fxreviewtrading.com/articles/top-hidden-secrets-of-forex-trading-and-its-application/
Jan 19 at 09:33
Brank_A posted:
The reason people fail is because they don't have a concrete trading plan.
There are instances when there are failures due to trader’s own negligence but they learn from those mistakes. Planning can reduce the risk but it’s not a sure thing that every trade goes according to the strategy.
Jan 19 at 12:22
A home is built on a strong foundation and every trading journey starts from the solid plan. I think another reason (besides not having a trading plan) why newbies fail in the markets is due to unrealistic expectations. They think just opening an account with a broker will reap benefits which is not possible even in the fairy tales.
