More often than not, people fail because of their greed. This is the main enemy of the trader.
Dec 11 2020 at 12:21
Daniel32946 posted:One of the biggest reasons indeed. I have seen people quit forex completely because of greed that wiped them badly.
More often than not, people fail because of their greed. This is the main enemy of the trader.
Dec 11 2020 at 17:09
Antonio_K posted:Right. Solid risk management strategy is essential to survive in the trading.
Another reason is because of lack of a solid risk management strategy.
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 2021 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.
The reason people fail is because they don't have a concrete trading plan.
Jan 07 2021 at 05:41
TR4DEX posted: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.
Most people fail because... Greed
must read {Top-hidden-secrets-of-forex-trading}
https://fxreviewtrading.com/articles/top-hidden-secrets-of-forex-trading-and-its-application/
Jan 19 2021 at 09:33
Brank_A posted: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 reason people fail is because they don't have a concrete trading plan.
Jan 19 2021 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.
I think most traders fail because of a lack of knowledge and experience. And they are not trading, they gambling with greed and impatience.
Jan 21 2021 at 09:42
Lycineandrew posted: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.
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.
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.
Jan 21 2021 at 12:25
Lorencecolling posted: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?Brank_A posted: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 reason people fail is because they don't have a concrete trading plan.
Jan 21 2021 at 13:53
Greed! the only reason.
The same reason why people fail marriages too.
The same reason why people fail marriages too.
Jan 22 2021 at 04:15
Lycineandrew posted: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.Lorencecolling posted: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?Brank_A posted: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 reason people fail is because they don't have a concrete trading plan.
You cannot rely on one thing, everything must be combined and then the result will be good enough
Jan 22 2021 at 09:30
Make a good plan and choose the best strategy to make money in this lucrative market.
Jan 22 2021 at 10:49
Lycineandrew posted:If one strategy was to work forever then everyone would have adopted it by now.Lorencecolling posted: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?Brank_A posted: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 reason people fail is because they don't have a concrete trading plan.
Jan 23 2021 at 12:14
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.
Jan 25 2021 at 12:06
I would say that try to keep your excitement at low levels and invest patiently at the early phase of forex trading. One wrong trade can vanish your all hard earned money. Try to learn from small trades and then gradually move to bigger ones. Learning from mistakes keeps you on a safe path.
