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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. #1751
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    Failure is constant for some traders because they have failed to put some key things into consideration, sometimes we say that we are failing but we don't understand that our negative behaviour is what is responsible for it, before we can make profits from this market, we should always do things right, repeatedly failing makes us lose confidence in our ability to ever earn money from this market.

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  3. #1752
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    Improper application of money management is very dangerous to the forex trader, we may think that we are helping ourselves but that is actually not what is happening, if we want to trade forex with peace of mind, there qre basic things we should understand, if not the only thing we will ever experience would be repeated failures, money management is the key requirements to succeed without regret.

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  4. #1753
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    Quote Originally Posted by Leonvic View Post
    Failure is constant for some traders because they have failed to put some key things into consideration, sometimes we say that we are failing but we don't understand that our negative behaviour is what is responsible for it, before we can make profits from this market, we should always do things right, repeatedly failing makes us lose confidence in our ability to ever earn money from this market.
    I do not like to hear that failure is constant, the failure is never consistent unless you are agreeing the failure is what will happen to you. I think that there are many traders that are not failing, that is the same reason why we see some traders gaining some much and be successful which is the opposite of the failure. Don't forget that the failure and losing are still not the same thing, it is losing that is constant, not failure.

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  5. #1754
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    There are lot of the reasons behind the failure of a trader so we should never work in this way and without the experience and learning on the basic terms could never support this marlket for earning the profits so without these factors to learn we can lose the trade constantly and never stop on it without learning well .

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  6. #1755
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    Quote Originally Posted by lucy View Post
    There are lot of the reasons behind the failure of a trader so we should never work in this way and without the experience and learning on the basic terms could never support this marlket for earning the profits so without these factors to learn we can lose the trade constantly and never stop on it without learning well .
    Knowledge is very important in this market,with the right knowledge and trading skills we can be able to make good returns on our investment in this market,traders who are newbies most especially do not spend enough time to learn very well before jumping into live trading,that is the major reason for the losses.

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  7. #1756
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    There are so many reasons why traders can fail in trading the forex market . You have just mentioned some few of them here , but there are so many other factors that can make a trader to fail, for example if you have a wrong believe about the forex market like you see it as a way of making some quick money which is what many new traders were fed with before joining the trading of the market . A lot of traders do approach the market with this kind of orientation and they do use dome high lot size most time.

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  8. #1757
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    therefore in trading we must be willing to continue to learn, learn from each of our mistakes that can cause losses, so later the mistakes we make will no longer repeat so that we no longer need to feel the same failure from time to time. and if we want to continue learning, then our skills and experience will also continue to increase and this will also have a positive impact on our trading results

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  9. #1758
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    Quote Originally Posted by pajero View Post
    therefore in trading we must be willing to continue to learn, learn from each of our mistakes that can cause losses, so later the mistakes we make will no longer repeat so that we no longer need to feel the same failure from time to time. and if we want to continue learning, then our skills and experience will also continue to increase and this will also have a positive impact on our trading results
    It is a good thing for traders to learn, this is preparing for the success of that trader. Those traders that could not learn are the traders that will be more defeated by the market. More failure are happening everywhere in the market due to the fact that more traders are lacking the experience to trade. Those traders that are possessing the experience do not use it rightly, that is the reason for this problem.

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  10. #1759
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    Trading success is rely on the basic factors and ought them completely is matters here and also the other thing to control the greed and emotions with patience is also matters for control the losses and reduce them properly so we can save the trade from losses if we dont have the emotional attachment and not any greed of winning .

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  11. #1760
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    We control well so it will help to build our trade strategy in right of the way and help to get success , we must have to use a good plan and a good skill of management where we control our emotion and make secure our trade decision any negativity comes only when we are not clear about own trading strategy .

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