Why traders failed in Forex trading again and again - Page 3
Page 3 of 197 FirstFirst 12345671353103 ... LastLast
Results 21 to 30 of 1969

Thread: Why traders failed in Forex trading again and again

  1. #1
    Registered user
    Join Date
    Oct 2018
    Posts
    2,006
    Promo (¢)
    8,220
    Thumbs Up
    Received: 8
    Given: 19

    Red face Why traders failed in Forex trading again and again

    Hello guys how are you hope everyone is fine today I am going to open my first thread in this forum.
    There is a lot of reasons behind the failure of a trader but I will share my own experience in Forex trading....
    No Trading System.
    It is the first mistake of a trader that he comes in the market without learning a proper trading strategy. Most of new traders are thought that they can become successful without learning the advance knowledge of Forex trading. Which is there wrong thinking which become the cause of their failure.
    Improper Money Management.
    when a trader comes in live market he thought that without following money management we can become successful. But, money management is the only rule which is applicable on all type of trader so it's their second mistake.
    Psychology Of Forex Trading.
    this tool plays more than 70% role in the success of a trader that how to control emotions. When a trader think about opening a then he do trade with high risk that's why his trading strategy not follow his instruction and their account washed out in short period of time.
    if a trader tries to learn these mistakes then he can become successful. It was my own point of view now kindly share your own experience which you learnt in your past.

    Not allowed!

  2. #21
    Banned
    Join Date
    Apr 2018
    Posts
    740
    Promo (¢)
    0
    Thumbs Up
    Received: 1
    Given: 0
    The major reason people fail in forex trading is because they did not trade with by first learning the basic of the trade and then creating a trading strategy that have been traded on a demo account for at least 1 month with clear mind that the strategy will provide what you are expecting then you use your proper risk management ratio that you like 1:3 then set your stop loss to the level you can loss in a particular trade.

    Not allowed!

  3. #22
    Registered user maryrosi's Avatar
    Join Date
    Jul 2017
    Posts
    1,409
    Promo (¢)
    735
    Thumbs Up
    Received: 1
    Given: 1
    indeed, to be successful in trading is not easy, it takes a lot of time, thought, interest and also the money we sacrifice right in trading, only traders who can maintain patience and discipline in trading that can be successful in trading, do look simple but it is difficult to do, because human nature is emotion, greedy and the other, with us doing discipline and patience, then we can avoid the emotional and greedy nature of trading.

    Not allowed!

  4. #23
    Registered user Sixteen's Avatar
    Join Date
    Sep 2015
    Posts
    12,155
    Promo (¢)
    4,020
    Thumbs Up
    Received: 141
    Given: 68
    If care is not taken, the means to loose huge in this trade can be a tough one. Many traders have failed in this business and this have really been a drawback for them because they never take good learning seriously. Lack of knowledge is one way to equally loose big on forex and we must be very careful to trade without understanding this business. If we don't take corrections from our mistakes, there is a very big chance that we could easily fail again in this business and will have a hard time in forex.

    Not allowed!

  5. #24
    Registered user ola4real's Avatar
    Join Date
    Mar 2018
    Posts
    8,175
    Promo (¢)
    7,935
    Thumbs Up
    Received: 47
    Given: 20
    There are many reasons why forex traders fail, i like what the article writer has brought out about some of the reasons why traders fails too. I know that many of the reasons why we fail is personal error, because failure in the forex field does not exempt the ability of the trader to trade, some traders have quality experience but they are failing. That means that they are doing many things wrongly.

    Not allowed!

  6. #25
    Banned
    Join Date
    Sep 2017
    Posts
    5,736
    Promo (¢)
    0
    Thumbs Up
    Received: 12
    Given: 19
    The main cause of failure is the mismanagement and wrong guidelines because if we are not able to manage the trade and also not have knowledge about it then the working trade strategy will not give us support for earning so patience and good trade skills with right learning powers are always play vital role for giving us helpful trade results.

    Not allowed!

  7. #26
    Registered user jamey's Avatar
    Join Date
    Aug 2015
    Posts
    813
    Promo (¢)
    3,975
    Thumbs Up
    Received: 7
    Given: 12
    I think traders fail in forex again and again because of they can not control their emotion and they can not keep patient. The main reason is they don't watch to take loss, if they loss any trade then they open another trade again and they are looking for new new indicators everyday that is the reson.

    Not allowed!

  8. #27
    Registered user
    Join Date
    Oct 2017
    Posts
    5,090
    Promo (¢)
    900
    Thumbs Up
    Received: 44
    Given: 55
    Traders fails over and over again, and then they don't even look at the reason why they have failed. Come to think about it, the whole losing and failure is been caused by a reason and all what we need to do is that we need to learn from the losses and then correct the mistakes, so that we can get to become profitable. Without mistakes we can't trade properly.

    Not allowed!

  9. #28
    Banned
    Join Date
    Apr 2018
    Posts
    740
    Promo (¢)
    0
    Thumbs Up
    Received: 1
    Given: 0
    Why traders fail most is because they offen trade with a strategy they have not tested and when they have tested the strategy they have to believe too much about the signal that they forget about risk management ratio and that is not good for business.

    Not allowed!

  10. #29
    Registered user
    Join Date
    Nov 2018
    Posts
    3,055
    Promo (¢)
    3,000
    Thumbs Up
    Received: 10
    Given: 3
    I think the main cause of failure is stress which is actual problem that impact worstly on us but if we properly manage own trade in the right positions and make the selection of right trade strategies then it will be easier for self to make winning capacity and overcome the impact of losses on our own abilities.

    Not allowed!

  11. #30
    Registered user Toyen's Avatar
    Join Date
    Apr 2018
    Posts
    7,539
    Promo (¢)
    8,715
    Thumbs Up
    Received: 39
    Given: 13
    Quote Originally Posted by Striker$ View Post
    Traders fails over and over again, and then they don't even look at the reason why they have failed. Come to think about it, the whole losing and failure is been caused by a reason and all what we need to do is that we need to learn from the losses and then correct the mistakes, so that we can get to become profitable. Without mistakes we can't trade properly.
    Failing without looking at the reason why you failed is the worst part here, we have to be trading like a conscious trader, not like a nonchalant trader, nonchalant will not make us grow. Trading is for us to make money, but in the moment that we are not making the money then we should be thinking on looking for what is causing it. That is the way we will keep on doing what is correct.

    Not allowed!

Page 3 of 197 FirstFirst 12345671353103 ... LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •