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Author Topic: The Main reason Why Forex Traders Fails.  (Read 5051 times)

Offline Jason Stepen

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Re: The Main reason Why Forex Traders Fails.
« Reply #45 on: March 08, 2017, 08:47:37 PM »
Due to only lacking of exact trading knowledge is not reason for losing in Fx trading, besides this there are many specific reasons as like due to lack of proper trading plan, money management, risk management and much more. For that reason we have to remove these hindrances if we want to get maximal result in this market place.

Offline Confrontation Girl

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Re: The Main reason Why Forex Traders Fails.
« Reply #46 on: March 09, 2017, 05:26:15 AM »
Yeas, no knowledge and skills is the biggest reason of failures. People come here only to earn money but dont know how, they just jump to work and dont think about any risk about work.

Offline dreamfx

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Re: The Main reason Why Forex Traders Fails.
« Reply #47 on: March 20, 2017, 05:10:54 PM »
Fear of loss is the big reason due to which most of the people are getting loss and leaving this business with bad remarks, I would like to suggest all such people that they should learn this business completely then they will be able to overcome this big reason of failure.

Offline indicator

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Re: The Main reason Why Forex Traders Fails.
« Reply #48 on: March 21, 2017, 05:46:11 AM »
Lack of knowledge is main reason of loss.People  not learn forex before joining it . They do not know how this market works. They know one thing that here money making is possible. While trading they do not get good results so loss is their share of trading. They need to learn and practice of forex.

Offline diamond

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Re: The Main reason Why Forex Traders Fails.
« Reply #49 on: March 22, 2017, 05:53:50 PM »
Trading in style of gambling is much dangerous where trader not plans what he should do he does trading for sake of do or die. It is not good way of trading . it can be managed with different ways if you want  , but gambling is a way to loss.

Offline Grant Elliott

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Re: The Main reason Why Forex Traders Fails.
« Reply #50 on: March 23, 2017, 10:51:52 AM »
I think not only due to lack of proper trading knowledge is the foremost reason of failing in this trading place. Besides this the proper money management can a great reason , because mostly traders actually do not know what actually money management in Forex trading. So, before money we the traders have to make sure how to manage money.

Offline Jason Stepen

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Re: The Main reason Why Forex Traders Fails.
« Reply #51 on: March 23, 2017, 06:22:53 PM »
Mostly traders in particularly the newcomers think only most powerful analyzing trade knowledge  can brings success in this market place , but practically despite of good trading knowledge thats  possible at all to lead a comfortable trading life without proper money management. So, we have to make sure first of all how to mange money in Forex trading. 

Offline Neurotic

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Re: The Main reason Why Forex Traders Fails.
« Reply #52 on: March 24, 2017, 09:17:04 AM »
Yeah, newcomers don't gain proper knowledge and experience and they just rely on the basic learning which they get from Demo and that is why the traders fails.

Offline Anton Devcich

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Re: The Main reason Why Forex Traders Fails.
« Reply #53 on: March 24, 2017, 10:58:45 AM »
Lack of knowledge is main reason of loss.People  not learn forex before joining it . They do not know how this market works. They know one thing that here money making is possible. While trading they do not get good results so loss is their share of trading. They need to learn and practice of forex.
I am not willing to agree at your point. Only due to lack of proper trading knowledge is not foremost reason for losing in this volatile trading place.  because in spite of having most powerful analyzing trade knowledge that is not possible to lead a healthy trading life with certainly , if you dont have proper trading discipline , money as well management and much more.     

Offline Anton Devcich

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Re: The Main reason Why Forex Traders Fails.
« Reply #54 on: March 29, 2017, 05:24:39 PM »
Money management is the foremost reason for losing in Forex trading according to me. So, it would be great if we emphasis on the process how to manage money in Forex trading.

Offline Jason Stepen

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Re: The Main reason Why Forex Traders Fails.
« Reply #55 on: June 01, 2017, 09:54:13 PM »
the reason why everybody loses is they put themselves in situations that are under different circumstances every time they trade them , leading them to being inconsistent in their trading decisions  and therefore their returns. Put simply,  the 1# reason people lose is they are not consistent.

Online outsidetheboxhk

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Re: The Main reason Why Forex Traders Fails.
« Reply #56 on: June 02, 2017, 04:45:08 AM »
This is a hard journey, and only those who are gifted and determined will succeed in this industry.  After 14 years trading I'm still at it.

I haven't given up, and I am finally getting consistent and positive results from my hard work learning, executing trades without emotion, and planning for good setups in the market.  Here is what I have learned.

1.  You must be willing to pay a steep price (in money, time, and dedication) to eventually be able to make a living and to grow your equity beyond 100,000 if you are a normal person with normal amounts of capital to invest at the start.  I started with $5000 and blew up my account after doing well for a couple months.  Then I became overly confident.  we've heard this a thousand times.  Then I determined that I would learn from my mistakes and be willing to perfect my trading life and plan, and to work wisely with risk management and psychological health so that I could gradually earn enough each month to provide for my family if we were going to move to different places in the world without much hassle.
2. Find a good broker.  Learn the software and forex tools that give success.
3. Set a schedule to give your day some structure without FX taking over your life, wearing you out, and negatively effecting your life and relationships.  FX can become addicting in nature, even if it is not gambling, it is a form of addiction.
4. Have a humble nature that is willing to learn from those who have been successful.
5. Rigorously analyse your trading.  Connect your trade history to some type of analytical tool / trade journal so that you can improve your execution and trade strategy.  MyFXBook is great.
6.  ALSO!!!  This is one many people forget.  Look for alternate sources of income, so that you can safeguard your life from many sources of income should one fail or be lost.  This gives one security of mind, and in trading you must have security of soul and mind to do well.  I provide private tutoring, provide Subscription based fx signals, have boarders living in my house, and I am investigating other sources too.  Diversify your risk, and lower your risk in as many different ways as possible.

I'm in the battle with you!
Find me at Instagram at link below or here in this great site to collaborate and encourage one another in this common goal.


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Offline Neurotic

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Re: The Main reason Why Forex Traders Fails.
« Reply #57 on: June 02, 2017, 10:25:23 AM »
Money management is the foremost reason for losing in Forex trading according to me. So, it would be great if we emphasis on the process how to manage money in Forex trading.

Risk management and Money management and lots more is needed to survive in Forex Trading, we cannot make some good money with Forex, if we don't have enough skills to survive in Forex Trading.

Offline Mitchell Marsh

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Re: The Main reason Why Forex Traders Fails.
« Reply #58 on: June 04, 2017, 01:36:56 PM »
Reasons why most traders lose in my opinion is emotional making decision. You have to follow a trading plan or system with discipline, otherwise you arent allowing your edge to work for you. Without this then any form of trading in this regard is simply gambling. Since it cant be reproduced reliability. 

Offline forexbaby

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Re: The Main reason Why Forex Traders Fails.
« Reply #59 on: June 04, 2017, 02:04:29 PM »
agreed.

trade your plan

even if it is a loss, you still win in the long run


 

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