Most people fail because
Michihito
Medlem sedan Jul 19, 2020
264 poster
Oct 04 2020 at 11:33
Most people fail because they don't know what they are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. Most small traders here are doing nothing but scalping.
UweMoench
Medlem sedan Jul 19, 2020
270 poster
Oct 07 2020 at 11:10
Yes the reason of failure is lack of knowledge and skills. Most people here open trade out of hope. They hope price will go this or that way. But to be profitable we need skills and control over our emotions.
GeorgeBischof
Medlem sedan Jul 19, 2020
318 poster
Oct 07 2020 at 18:37
I think most traders lose their money in this risky market because of their low knowledge and experience.
ElliotCooke
Medlem sedan Jul 20, 2020
341 poster
Oct 07 2020 at 19:11
I think choosing the wrong broker is the main reason to lose the money by most of the traders in this market.
AliaDare
Medlem sedan Jul 19, 2020
291 poster
Oct 08 2020 at 22:45
Most people fail in trading because of their weak psychology. If psychiatry is weak, it is not possible to profit consistently. You have to trade according to the plan. Joining trading without a plan can lead to many problems.
rosellemunsays
Medlem sedan Jul 16, 2020
21 poster
Oct 23 2020 at 04:52
The reason why people fail could be because of their limited knowledge and experience. Other factors like getting scammed, choosing the wrong broker, investing a lot at first and overconfidence can also lead to their failure.
Lack of knowledge is one major reason. Also impractical goals can lead one to losses.
Michihito
Medlem sedan Jul 19, 2020
264 poster
Oct 23 2020 at 10:14
@rosellemunsays A person got scammed it because of his lack of knowledge and greed. They become greedy by seeing unrealistic promise and give their money and got scammed. And also to choose a right broker we need knowledge.
Roberto21
Medlem sedan May 02, 2019
355 poster
Oct 23 2020 at 10:14
if any newcomers dont use stop loss, of course he will fall a great loss , because without stop loss it looks a condition , a ship in an ocean without a rudder. so its your choice , take it or leave it.