To use chat, please login.
Back to contacts

Most people fail because

azmanpay124 (azmanpay124)
Jan 19 at 12:24
20 poster
I think most traders fail because of a lack of knowledge and experience. And they are not trading, they gambling with greed and impatience.

Lorencecolling
Jan 21 at 09:42
49 poster
Lycineandrew posted:
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.

Also majority of the people think if they have the best broker they can earn a huge amount of money. Brokers are important but no doubt the knowledge which you have as a trader is also important. I am using price action trading with short time frames in contrast with longer time frames. I am using the MT4 platform with both Fxpro and Fxview which help me to explore a range of markets. So step by step understanding the whole process of trading is very critical for every trader.

Duktilar
Jan 21 at 10:43
101 poster
Indeed, the success of the cavity does not depend on the choice of the broker, although I can say that Amarkets is a decent and reliable broker with experienced managers and good trading conditions, but if there is no knowledge, the desire and desire will fail.

Lycineandrew
Jan 21 at 12:25
37 poster
Lorencecolling posted:
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.

The most experienced traders also fail sometimes because they do not revamp the strategy altogether. Markets change every second so it is absurd to think a strategy will keep on working for a long time. Does anyone think that there is a actually a long term strategy which can keep working for years and years?

wagefx1 (wagefx1)
Jan 21 at 13:53
17 poster
Greed! the only reason.
The same reason why people fail marriages too.

Risk well, account swell
russellgutierrez (russellgutierrez)
Jan 22 at 04:15
56 poster
Lycineandrew posted:
Lorencecolling posted:
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.

The most experienced traders also fail sometimes because they do not revamp the strategy altogether. Markets change every second so it is absurd to think a strategy will keep on working for a long time. Does anyone think that there is a actually a long term strategy which can keep working for years and years?

No matter which brokers you use from the markets ranging from low cost ones like Fxview to the ones requiring higher investment like IG; no broker can do magic if the strategy is not in place. It is a very tedious process which you have to commit yourself to so that you don’t lose money.

Andronn
Jan 22 at 08:11
78 poster
You cannot rely on one thing, everything must be combined and then the result will be good enough

ElliotCooke
Jan 22 at 09:30
341 poster
Make a good plan and choose the best strategy to make money in this lucrative market.

Lorencecolling
Jan 22 at 10:49
49 poster
Lycineandrew posted:
Lorencecolling posted:
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.

The most experienced traders also fail sometimes because they do not revamp the strategy altogether. Markets change every second so it is absurd to think a strategy will keep on working for a long time. Does anyone think that there is a actually a long term strategy which can keep working for years and years?

If one strategy was to work forever then everyone would have adopted it by now.

GordonDenzil
Jan 23 at 12:14
24 poster
From my trading experience, most traders fail because of lack of experience in live trading, and most traders are gambling with greed and not patient enough to learn the forex market.

Vänligen logga in för att kommentera.