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Thread: Why traders failed in Forex trading again and again

  1. #1
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    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.

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  2. #2081
    Trader Batavia's Avatar
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    Quote Originally Posted by stanlon View Post
    When you are bad in trading you can't expect nothing but failure in you trading, we can succeed in this market only if we are good in trading the market, and the only way to become a good trader is through hard work, learning is the only way for you to become a good trader, so you should be very serious when you are learning how to trade, if you are bad trader you will fail again and again.
    doing hard work is not enough we have to learn from our failure and mistakes it can help us to correction ourselves, no one traders will success without bad experience, almost all trader have faced that situation and the important thing is your mental is not down and have awareness about risk and take a lesson from our mistakes and failure.

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  3. #2082
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    and dare to get up when the worst, and managed to see around the occurrence of failure, do not blame the situation or blame anything due to our failure, always try to focus what we are doing do not rush to take or look for something new if we have not mastered old money properly mastered .

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  4. #2083
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    There are sime factors which make traders face and accept some loses consistently. As common things here is about lack of knowledge and experiences but i must underline that thr bigger here is about trader's psychologies where it almost meet more than 70 percents. And this is the facts that almost of traders got losing are caused by low emotion controlling and indiscipline and at last traders can not implement the trading system properly

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  5. #2084
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    As per my personal opinion so all troubles happen because of bad risk and money management when trader wants to earn big money with little size deposit. If there is good risk and money management so trader has room to correct the mistakes that he has done. But if there is big drawdown so it is very difficult to do something.

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  6. #2085
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    Wrong selection of the strategies and lack of knowledge and enough learning all are the signs of falling into the losses because for every trader its important to have the better trade skills and learning that support them to be wise in actions and take the wise decisions and wise strategies for getting support for winning success easily .

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  7. #2086
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    Failure in the trading market could also cease the way of earning in the further times so we need to stop losing the money and never stop the process of learning because if we follow the market by controlling on the risks and get the learning on the best factors which are valuable for making the profitable trade in the results so this is much important to get the profits by having the best strategies for work.

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  8. #2087
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    If he can already take a lot of experience and knowledge about all trading strategies and method well then he could easily develop successful profitable strategy again and again in market and earn some pips good profit from it. But when he could use powerful and more then effective trading method to follow the market but could not understand market real movement direction well then he could faces daily basic many losses.

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  9. #2088
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    Quote Originally Posted by Goldenstein View Post
    making one or two mistakes from ten trades in a row does not explain us that bad in trading because it is not completely our fault that market turned oppositely against our analysis. it is just market has its own reason we probably could not find with our strategy and soon after that analysis we lost to market, it will be back with its stable volatility. as long as we keep following our system, then nothing to worry about failure.
    Everybody does mistakes sometimes and there is nothing bad in it as we learn from our mistakes and try not to repeat the same mistakes in future. Trading in forex market is constant learning process because everyday something happens. But the main mistake that new traders do is bad risk and money management and it is the reason of failure.

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  10. #2089
    Trader Goldenstein's Avatar
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    Quote Originally Posted by Rola View Post
    Everybody does mistakes sometimes and there is nothing bad in it as we learn from our mistakes and try not to repeat the same mistakes in future. Trading in forex market is constant learning process because everyday something happens. But the main mistake that new traders do is bad risk and money management and it is the reason of failure.
    the habits of forex traders are to create mistakes, find the solutions and creates another new ones. it seems traders are doing so many mistakes and it is true, however that is the reason why traders who experience huge mistakes before can trade better to manage their emotions and focus on their strategy better. we can not learn anything from market if we lose our trades and do nothing about it, not even a try to learn but just letting it go.

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  11. #2090
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    Trading market is not friendly for everyone and all of us are failing day by day when we not point out the mistakes which are responsible for our losses so we have to ought about the factors that we study and very helpful for maintenance of our success and with the own experience and our throughout working is matters a lot to get the success by avoiding the losses.

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