Most people fail because

Dec 31, 2020 at 13:19
4,724 Visa
102 Replies
Medlem sedan Sep 14, 2022   40 inlägg
Sep 21, 2022 at 07:33
I believe sometimes people are driven by emotions, and make decisions based on greed which ultimately brings them down in trading. Also, there are many factors responsible which causes people to fail in trading:
1. Wrong mindset.
2. They consider trading as a shortcut to make money.
3. Not focused.
4. Lack of knowledge.
Medlem sedan Aug 05, 2021   401 inlägg
Sep 21, 2022 at 21:12
Gewgaw posted:
Most of the traders fail in the forex market because they lack adequate knowledge. Often traders start trading without learning anything and then suffer losses. Traders also skip trading in a demo account and trade in a live account, which is disadvantageous for them. Also, most of the traders get emotional and ruin their trading career.
100% agree on this. I think knowledge can go a long way when it comes to trading and skills can be learned, but not having adequate knowledge is a crucial mistake.
Medlem sedan Sep 15, 2022   36 inlägg
Sep 22, 2022 at 11:57
Most of the traders fail because they randomly trade on forex without much knowledge and experience.
Medlem sedan Aug 19, 2021   232 inlägg
Sep 22, 2022 at 15:32
Oh many people fail because they are lazy lmao. Alas, laziness is something that each of us needs to fight. While people are lazy, they pay less attention to analysis, money management, trading, risk calculation, etc. And many more fail because of the strong confidence in their knowledge. I know what I'm talking about guys. Take off your crown, you don't need it while trading. 😄😄😉
Medlem sedan May 07, 2022   6 inlägg
Sep 22, 2022 at 20:05
They trade using emmotions, with no experience and over leveraged.
Rule 1 - dont lose money, rule 2 - dont forget rule1
Medlem sedan Sep 02, 2022   15 inlägg
Sep 23, 2022 at 11:01
The reason, why most people fail, is because they give up so early
Medlem sedan Sep 21, 2022   6 inlägg
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.
Medlem sedan Feb 16, 2022   119 inlägg
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.
Medlem sedan Feb 16, 2022   67 inlägg
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.
Medlem sedan Jul 23, 2020   869 inlägg
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.
Medlem sedan Jun 26, 2020   327 inlägg
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.
Medlem sedan Oct 03, 2022   1 inlägg
Oct 03, 2022 at 13:55
Greeding is definitely one of the biggest reason...
Medlem sedan Apr 18, 2022   51 inlägg
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.
Medlem sedan Sep 21, 2021   3 inlägg
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
Medlem sedan Jul 23, 2020   869 inlägg
Oct 06, 2022 at 10:20
Traders should earn expertise on a certain type of trading so they can gradually develop this type.
Medlem sedan Feb 15, 2022   183 inlägg
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.
Medlem sedan Feb 15, 2022   219 inlägg
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.
Medlem sedan Feb 15, 2022   219 inlägg
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.
forex_trader_3036016
Medlem sedan Sep 29, 2022   15 inlägg
Oct 10, 2022 at 10:27
There could be many reasons for this. But from what I have noticed, traders fail because of a lack of trading mindset, skills, etc. They expect to make quick money, without putting any real effort.
Medlem sedan Jun 26, 2020   327 inlägg
Nov 04, 2022 at 07:49
most of the people fail due to same reason, i mean they cannot come out from same mistake. that is the foremost reason why traders doing losses .
Logga in / Registrera dig to comment
You must be connected to Myfxbook in order to leave a comment
*Kommersiell användning och skräppost tolereras inte och kan leda till att kontot avslutas.
Tips: Om du lägger upp en bild/youtube-adress bäddas den automatiskt in i ditt inlägg!
Tips: Skriv @-tecknet för att automatiskt komplettera ett användarnamn som deltar i den här diskussionen.