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Author Topic: The Main reason Why Forex Traders Fails.  (Read 25977 times)

Offline Sami Samith

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Re: The Main reason Why Forex Traders Fails.
« Reply #135 on: January 13, 2020, 12:22:06 PM »
Main factors are these:

Lack of Knowledge
Insufficient Practice
Bad trading strategy

Offline fxopen78

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Re: The Main reason Why Forex Traders Fails.
« Reply #136 on: February 23, 2020, 08:50:50 PM »
Yes, scam is one big enemy for many traders, I have a friend which also losing big money because scammed by the fake trader, he investing with profit share, but the money carry out by the trader, scam broker also need to beware.

Offline drunkfx

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Re: The Main reason Why Forex Traders Fails.
« Reply #137 on: February 24, 2020, 07:17:18 PM »
Main factors are these:

Lack of Knowledge
Insufficient Practice
Bad trading strategy

Yeah, I would also add bad broker as a major broker because many brokers create hurdles for winning traders with their profitable strategies.

Offline fxopen78

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Re: The Main reason Why Forex Traders Fails.
« Reply #138 on: February 24, 2020, 08:58:01 PM »
Often I hear some broker act like as enemy for the trader, with certain software to make trader get into loss, maybe we ever hear about stop-loss hunter, or abnormal price movement, slippage, etc, dealing desk broker typically has these all to fight trader

Online Eliza Abrams

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Re: The Main reason Why Forex Traders Fails.
« Reply #139 on: March 06, 2020, 12:58:23 PM »
More reports are coming out about the scam statistics this year. According to the Australian Competition and Consumer Commissions (ACCC) Scamwatch report, Australians have lost AU$2,144,311 (around US$1.43 million) to investment scams in January 2020. As a matter of fact, the figure represents a 98% increase from what was reported lost in January of 2019.
This does not paint a good picture of the industry at all.

Offline Caesar99

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Re: The Main reason Why Forex Traders Fails.
« Reply #140 on: March 07, 2020, 07:20:51 PM »
This sort of thread both annoys me and makes me smile at the same time.
Ive been a member of a few forums over time ( babypips, NotTheNoobs.com , and Elite Traders) and this is a recurring theme.
IMHO the biggest reason for traders failing is that so many cant be bothered to learn even the basics.
They look for shortcuts,  the easy way, the cheapest broker with the biggest leverage,  free deposit bonuses,  etc, then scream "Scam" when they go bust.
Put some effort into learning what you are doing. Your own time is free and its the best investment many of you will ever make

Offline 2cuteEssence

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Re: The Main reason Why Forex Traders Fails.
« Reply #141 on: March 30, 2020, 05:58:57 PM »
The main reason is the gambling and rush, because unfortunately every trader faces this and it brings a very strong disappointment.

Offline fxopen78

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Re: The Main reason Why Forex Traders Fails.
« Reply #142 on: March 31, 2020, 02:00:03 AM »
It's common thing if the big reason trader fail because of greedy and less patience in trading, forex is not like as a traditional business, whos quicker will get, but forex need patience, not all kinds market will giving good chances to make a profit, as a trader needs to learn when to enter and when to waiting or when to exit

Online Eliza Abrams

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Re: The Main reason Why Forex Traders Fails.
« Reply #143 on: May 21, 2020, 01:57:20 PM »
Shady brokers deliberately feed that greed through hugely misleading advertising campaigns, showing traders living luxurious lifestyle thanks to various types of trading. I always get suspicious when I see that sort of thing because I know that to get even marginally successful at trading it takes a long time, a lot of effort and often quite a few losses.

 

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