Why traders failed in Forex trading again and again - Page 153
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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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    Quote Originally Posted by Giedra View Post
    There can be many reasons why traders fail again and again. But the main reason can be bad risk and money management and traders do not close losing orders as soon as possible. They keep losing orders long time waiting for market reversal but market goes further and losses increase. This is the way many new traders lose money.
    New trader always need to identify the market according to our experience and knowledge however when we should trade on market then in little time frame period earn good profit in it. A lot of way available for beginner to destroys our simple or strong strategy in market but our any little mistake and unexperience trading method give him good loss.

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  3. #1522
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    I want to believe it's because they are in a hurry to make profits and do not follow the right patience to learn about this business or build a better skills that will work out for them. Because they are not following the measures to manage their risk, they are not looking to manage this trade in the way it can move. If plans are not made, it will be very difficult to manage this business and we can easily fail here if care is not taken. We should do everything to learn from loss and avoid repeating decisions that will bring about failure.

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  4. #1523
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    Come to think about it, if you are starting something newly, you are more likely to fail on that thing. But then, depending on how much serious you are, you could learn properly and then improve in your skills. A lot of traders often don't make evaluation by looking at their trading trading journal to learn, you know, it is so much important to look at your trading journal and then learn to see how you have been performing and then make corrections when needed.

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    He can most of time failed our strategy in market with out little mistake and unexperience trading method. But if you can leave it and always working on this business according to our suitable trading method and knowledge then you should easily make everyday winning strategy for trading and generate good profit from it.

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  6. #1525
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    The one big reason is the wrong selection of a trade strategy because lack of knowledge cant support a trader to choose a better trade option for self so they can adopt very bad methods that are actually in opposite to their abilities so they can gain only losses without have correction of their mistakes in this regard.

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    Quote Originally Posted by letsdo View Post
    The one big reason is the wrong selection of a trade strategy because lack of knowledge cant support a trader to choose a better trade option for self so they can adopt very bad methods that are actually in opposite to their abilities so they can gain only losses without have correction of their mistakes in this regard.
    Our little mistake and wrong decision to select the strategy are giving him good loss when we can trade on market. You have need to working on this business with step by step with good planning and discipline then you should make everyday winning strategy for trading and again and again good money in it.

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    Quote Originally Posted by Giedra View Post
    There can be many reasons why traders fail again and again. But the main reason can be bad risk and money management and traders do not close losing orders as soon as possible. They keep losing orders long time waiting for market reversal but market goes further and losses increase. This is the way many new traders lose money.
    Those trader understand market real trend direction and breakout level well he can easily start our trade on market with trend line way and try to increase everyday good profit or loss from it. Again and again he could destroys our strategy with use our greedy way and minor mistake which is good for him to start our trade on market.

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  9. #1528
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    If we understand the real trend of market so that will help to make a perfect trade , we must deep analysis about market this will help trader to make our trade plan real beneficial , we must make analysis in detail then we shall make our trade plan accordingly our success will give trader good results and higher profitability .

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  10. #1529
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    Quote Originally Posted by yimu View Post
    New trader always need to identify the market according to our experience and knowledge however when we should trade on market then in little time frame period earn good profit in it. A lot of way available for beginner to destroys our simple or strong strategy in market but our any little mistake and unexperience trading method give him good loss.
    there are a lot of problems that create the cause of our failure in trading business and we can not find any strong reason of our failure in the market again and again so try to take rest for some time period than again try to be gain information from following some different sources and try to be follow all your strategies in demo account first to find your mistakes and avoid it in next trades to avoid failure.

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  11. #1530
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    To become a successful forex trader, you must learn to learn from your mistakes and losses, a lot of people are not interested in improvement all their focus is to make money and money that's why we see that a lot of them suffer the same loss over and over again, if you want to become a successful trader see mistakes and losses as a way of improvement and to do this you must learn from them.

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