Quit from trading ?

Gabriel99 posted:

steveday1976 posted:

kamikazebogeyman posted:
When losses build and build it is a big emotional problem. one or two is fine but when have 8 losers in a row despair kicks in

yes i have been able to relate to that in the past.

Yes no one can avoid that. But with honest efforts and sound trading plan one can definitely become a profitable trader.

On the whole, which traders have a long term plan on learning only they can enjoy their real trading! There is nothing like shortcut way of learning in Forex!

AmDiab posted:

Imamul posted:
its a common reality , there is none who quit from trading for lifetime. we discourage after having losses and come back again after a while.

You are wrong! The number is quite big; but good news is, in everyday a number of new traders are joining here!

Right. Traders are joining and quitting the market every day. But few are come back. I think loss is the reality in every business. We have to accept the fact and continue trading.

I think people face loss because of their own mistakes. Most of the traders fail in Forex because they do not have good knowldge and skills about Forex and want to become rich fast but do not want to learn Forex proprtly.

Those who are addicted can never give up fully. Most traders make trading their addiction. But then too there are also traders who never come back again. You should give up when you are making same mistakes over the years.

traderroni posted:
I agree. Emotions hinder our performance in trading. However we need to find a way out to control it and not lose hope even if we incur losses. Losses are a part of everyone’s trading. So stay calm and keep trading.

That’s right. Follow the trading plan is most important. Most of trader fail to do that because of emotion.

Many give up due to the following reasons ( in most cases ).

1) Choosing the wrong broker might make you give up forex forever.
2) Starting live trades without learning or practising.
3) Not using proper money management methods.
4) Thinking about getting rich immediately =D

but most of those who came back after such failures are successful traders.

Dictiony posted:
I think people face loss because of their own mistakes. Most of the traders fail in Forex because they do not have good knowldge and skills about Forex and want to become rich fast but do not want to learn Forex proprtly.

well said bro

There are many traders quitting trading than the ones who remain in the market to learn, explore, and make profits after a few losses.

I also think that there are many who, unfortunately, end up quitting for a lifetime. Some people lose capital because they start trading without proper knowledge, others run into scams and lose hope. Some even spread the rumor that trading is nothing more than gambling, or that by any means it was not their fault that they ended up with losses. This is why it is so important to educate yourself.

Quiting is not an option. But at the same time it's the best option if anyone think he is not progessing in terms of learning and skills. Learning from mistakes is the best kind of learning.

Michihito posted:
Quiting is not an option. But at the same time it's the best option if anyone think he is not progessing in terms of learning and skills. Learning from mistakes is the best kind of learning.

Well said! The important thing is not whether we make mistakes, it's whether we can learn from our mistakes.

UweMoench posted:
Those who are addicted can never give up fully. Most traders make trading their addiction. But then too there are also traders who never come back again. You should give up when you are making same mistakes over the years.

Yes. It is quite difficult to quit from trading.