SteveHanks
Medlem sedan Mar 17, 2021
536 inlägg
Apr 10 2021 at 16:00
DoraWalletInvest posted:
Lack of discipline and running into scams are for sure frequent reasons why someone quits, but I think the biggest reason is when people go into trading with false expectations - they either treat it as a method which will make them rich quickly, or they want to have a high ratio of profit and forget about what that means in terms of risk, or they are simply not aware of their goals and their risk tolerance.
Besides discipline, Many traders don't have proper knowledge about trading. That is one of the most important reason to lose money in this market.
RobSchiz
Medlem sedan Mar 25, 2021
567 inlägg
Jul 26 2021 at 17:06
SteveHanks posted:DoraWalletInvest posted:
Lack of discipline and running into scams are for sure frequent reasons why someone quits, but I think the biggest reason is when people go into trading with false expectations - they either treat it as a method which will make them rich quickly, or they want to have a high ratio of profit and forget about what that means in terms of risk, or they are simply not aware of their goals and their risk tolerance.
Besides discipline, Many traders don't have proper knowledge about trading. That is one of the most important reason to lose money in this market.
Yes. Proper knowledge is very important to reduce the losses.
Imamul
Medlem sedan Aug 09, 2017
685 inlägg
Jul 29 2021 at 08:41
Only good trading knowledge cannot brings profit regularly. Besides trading knowledge you have to focus on money and risk management which is the key to success in Forex trading.
croisssan
Medlem sedan Jul 22, 2021
939 inlägg
Jul 29 2021 at 10:02
To be honest, I would not rate this statistic so negatively. In my opinion, a lot more traders can get profit than 10%
islandrock
Medlem sedan Jul 29, 2021
8 inlägg
Jul 29 2021 at 10:49
Then where are they? Basically there are hardly anyone making actual profit from forex. Those that claim so are scammers.
SofieAndreasen
Medlem sedan Jul 23, 2020
759 inlägg
Jul 31 2021 at 18:00
People are greedy and tend to trade with emotion. That why they fail.
croisssan
Medlem sedan Jul 22, 2021
939 inlägg
Aug 01 2021 at 09:22
Well, I think the statistics are not so negative. Also, quite a lot depends on the broker. For example, when I started working with a broker, I worked with a demo account, got experience and the results became better.
Davidfx89
Medlem sedan Apr 19, 2021
128 inlägg
Aug 02 2021 at 10:24
90% losers from this trading place , because most of the traders take this market place as money making game without any kind of learning.
LyudmilLukanov
Medlem sedan Jul 23, 2020
793 inlägg
Aug 04 2021 at 10:01
Most traders are losers especially new traders. Because they do not how to trade properly.
HeavenLeighGill
(HeavLeighGill26)
Medlem sedan Aug 05, 2021
231 inlägg
Aug 19 2021 at 02:26
People don't want to stick with it once they realize that it's actually difficult. I think in a lot of cases influencers convince them that they'll have lambos and women hanging off their arm and romanticize it to draw them in....then they blow their accounts (usually because of a lack of knowledge) and move on to the next thing. Others get attracted because they want to give themselves or their family a better life so they have good intentions but just don't know what they're doing. If people spent more time educating themselves and practicing before jumping in, I think that more of them would be successful.
yana hansen
(78678676)
Medlem sedan Oct 16, 2020
137 inlägg
Aug 19 2021 at 10:28
Because people just jump into the forex market because of the greed without understanding how the market works and lose their savings
RobertFerrari
Medlem sedan Aug 15, 2021
371 inlägg
Aug 20 2021 at 17:23
I think many traders lose their money because of their low knowledge.
croisssan
Medlem sedan Jul 22, 2021
939 inlägg
Aug 21 2021 at 09:37
Many make mistakes in the process of work, but do not want to work out the methods of solving them, for which they receive losses.
Yes lack of knowledge but mainly risk management
UweMoench
Medlem sedan Jul 19, 2020
751 inlägg
Aug 22 2021 at 12:59
@croisssan Yes learning from the mistakes is the great way of learning. But people do not want to learn from their mistakes. Even they do not think deeply about their mistakes.
croisssan
Medlem sedan Jul 22, 2021
939 inlägg
Aug 22 2021 at 20:01
UweMoench posted:
@croisssan Yes learning from the mistakes is the great way of learning. But people do not want to learn from their mistakes. Even they do not think deeply about their mistakes.
Those who do not learn from their mistakes suffer losses over and over again for the same reason.
Sar John
(Sarjohn)
Medlem sedan Dec 28, 2020
187 inlägg
Aug 23 2021 at 06:23
Maidas888 posted:
Yes lack of knowledge but mainly risk management
And also because of their greed, everybody wants to make money instantly but no one wants to work upon them or learn trading.
Aaronoutfx
Medlem sedan Aug 23, 2021
8 inlägg
Aug 23 2021 at 09:05
I was losing my deposits becasue forex is a casino
Now I'm trading news only and invest in ETF
Now I'm trading news only and invest in ETF
no day trading at all 420 days, 3 hours, 12 min
Seb King
(sebking1986)
Medlem sedan Apr 09, 2019
364 inlägg
Aug 23 2021 at 09:19
Because people fail to understand this is a profession. I would think if you could have a go at brain surgery straight away without any learning or practice you'd have a worse than 90% death rate.
If you can't spot the liquidity then you are the liquidity.