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Author Topic: The Main reason Why Forex Traders Fails.  (Read 3392 times)

Offline Confrontation Girl

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Re: The Main reason Why Forex Traders Fails.
« Reply #30 on: December 16, 2016, 04:15:12 AM »
First reason will be that people thinks that Forex is money making machine and they jump to this business for earning money only. Second should be, they start working with this business without proper learning and knowledge so they face issue of loss and accept it as failure.

Offline indicator

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Re: The Main reason Why Forex Traders Fails.
« Reply #31 on: December 17, 2016, 04:59:27 AM »
Many traders fail because they do revenge trading, a trader cannot take revenge from the market. Build your knowledge and then do good trading, it will be the best revenge you can take from the market.

Online Neurotic

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Re: The Main reason Why Forex Traders Fails.
« Reply #32 on: December 17, 2016, 05:41:42 AM »
Yeah, the only reason that the Forex Trading Fails is the one who are treating Forex as a Gamble. This is the main reason as they trade blindly and lose it all.

Offline indicator

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Re: The Main reason Why Forex Traders Fails.
« Reply #33 on: January 04, 2017, 04:28:36 AM »
Yeah, the only reason that the Forex Trading Fails is the one who are treating Forex as a Gamble. This is the main reason as they trade blindly and lose it all.

Many trade as gamble and they lose a lot of money. They always remain thoughtful that soon they will hit the jackpot and then they start trading reasonably.

Offline iMusingKiMi

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Re: The Main reason Why Forex Traders Fails.
« Reply #34 on: January 04, 2017, 06:58:52 AM »
Many people thought they can use small to win big but it is opposite. Successful trader use big to earn small.

Offline brave

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Re: The Main reason Why Forex Traders Fails.
« Reply #35 on: January 12, 2017, 04:51:15 PM »

There several reason of failure but I think the major reason is our greed, most of us fails because they think that they can become the millionaire quickly and trade with greedy mind which resulted the failure, keep in mind that greed is the worst enemy of the trader and with greedy intention we can not earn from this business.

Offline indicator

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Re: The Main reason Why Forex Traders Fails.
« Reply #36 on: January 14, 2017, 08:20:36 AM »
Many people thought they can use small to win big but it is opposite. Successful trader use big to earn small.

I agree, in forex market one should aim for small return. If the aims for big return with small investment then he will surely fail and this is one of the main reason why trader's fail.

Offline Trade It Easy

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Re: The Main reason Why Forex Traders Fails.
« Reply #37 on: January 14, 2017, 10:46:22 AM »
Loads of the things you have all said on this thread is very true and has happened to me.

If I could go back in time and tell myself to either avoid trading until profitable on demo with a min 10K balance and save up until I had the 10K I would do.

I decided like lots of people to fund a 1K account and start trading full lots! What was I thinking!???

Greed, fear, excitement, revenge trading. I have done all of them. No joke I would have been better off betting on red or black at the casino.

For the 1st time ever I am 6 months profitable and going strong. I know there will be hurdles along the way. All of my investments & profits are from automated trading and robo advisors. I have yet to make a return to Manual trading. From time to time I test my old skills however stop before any "gambling" instincts kick in.

Good thread. Reminds me of what not to go back to and only look forward  :)
Verified FX Megadroid stats: https://www.myfxbook.com/members/theforexbloke/advanced-megadroid-setup/1932741

Work hard from the ground up. I make money from trading however it hasn't always been that way. I lost before I started "winning".<br><br>I made and make my money from my business which is casino hire ie hiring out casino tables in and around Nottingham UK. To see what I do go to: http://www.winwincasinohire.co.uk

 

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