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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. #2061
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    We cannot avoid our failure if not lesson from the previous losses was taken into consideration, sometimes, the challenges that we have as traders come from our approach to the market, which is why we need to be extremely careful and ensuring that we do what's proper, failing is not a strange thing but what happens after that is the most important thing to consider because our attitude matters.

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  3. #2062
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    Many don't take money and risk management seriously in their trading that's why they continue to lose money to the market and they are not ready to admit or learn from their mistakes that's the major cause for more failure in their trading, there are many other things such as lack of experience and knowledge that's also cause a lot of failure in this trade.

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  4. #2063
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    It is very bad and trader should look for reasons why he fails again and again. Maybe he is not patient and rush to open orders without good market analysis, maybe he trades with big size lots and money management is poor. In any case the reasons should be analysed and the problems have to be solved. Trader should earn money in order to survive in market.

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  5. #2064
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    Quote Originally Posted by biru View Post
    Many don't take money and risk management seriously in their trading that's why they continue to lose money to the market and they are not ready to admit or learn from their mistakes that's the major cause for more failure in their trading, there are many other things such as lack of experience and knowledge that's also cause a lot of failure in this trade.
    I agree with you. Money and risk management is very important but new traders want to earn big and fast money so they disregard money management rules and they lose money. Bad money and risk management can be one of the main reasons why traders fail in market. Traders should learn this lesson and do not trade with big risk.

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  6. #2065
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    Quote Originally Posted by Giedra View Post
    I agree with you. Money and risk management is very important but new traders want to earn big and fast money so they disregard money management rules and they lose money. Bad money and risk management can be one of the main reasons why traders fail in market. Traders should learn this lesson and do not trade with big risk.
    Stop looking at other's trading specially beginners because their process still far away to learn and practice, unlike most of us who already been there for long time and it's our moment to shine with everything we've prepared to earn money from market. Failures happens because traders are making mistakes. Traders are vulnerable to make mistakes when they trade over their strategy and don't pay attention to their own trading rules.

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    rules made to be followed, not to be broken

  7. #2066
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    The major reason why traders fail over and over again is simply because they lack the necessary knowledge to be able to trade and make some good pips,when we trade the way we should then we can definitely make something good from the market,the major reason why a lot of traders do not succeed is because of knowledge.

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  8. #2067
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    I do not think that losing money is the same thing as failure in the field of forex trading market and whenever someone gives up on learning and developing their trading skills before starting out as the forex traders then they have failed even before they started losing money, this is because whenever you are lacking in the experiences and knowledge of the ways of the forex market then there is nothing you can be able to achieve while trying to trade the forex market. Learning exposes you to a lot of information and they are the key to really and truly matching up to the forex market over time.

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  9. #2068
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    Lack of knowledge and a wrong choice of working method is always comes our trade process into the losses so we should take other methods on which we are mastering and getting more knowledge and learning about them will enhance the chances of earning securely and we can effectively work for making the profitable trade results easily.

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  10. #2069
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    Failure in trading can not just emerge in the market if not that traders are making some errors either in analysis or neglecting the crucial rules of trading such as money and risk management, patience in trading to get good entry point before entering the trade, avoiding greediness, the use of stop loss among other rues.

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  11. #2070
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    Quote Originally Posted by Krosneles View Post
    I do not think that the matter can be in strategy if trader loses money and fails again and again. It should be the matter of little experience and inability to analyse mistakes. Mistakes should be analysed in order not to repeat the same mistakes in future. But generally the main thing is that traders use bad risk and money management.
    It is bad for traders to be failing, if we are failing, it shows that we are not trading correctly, we have to change so many things about the way we are trading forex field in that case. I like it if forex traders can be calm when trading too, the trader must use their forex strategies with some other elements of forex traders to allow them to trade better.

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