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list the main causes of failure of forex traders

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Van99

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permission to share thread, min

I made this thread to aim, knowing the main cause of forex traders' failure

Indeed, the forex market is the largest and easiest financial market to access. Even though there are many forex traders / investors, not all of them achieve success. Many traders experience failure in forex trading. What caused it?

1. -No Discipline in Trading

One of the biggest mistakes that traders make is emotions that are left without control so that it interferes with trading decisions, successful forex traders mean they can achieve big wins, by suffering smaller losses.

2. Origin Trading, Without Plans

One important aspect if you want to succeed in forex trading, the first step is to make and follow a trading plan that has been made, not planning a trade, then one step towards failure.

3. -No Adapting to the Market

A trading plan must be made before the forex market starts, some actions that can significantly reduce the risk of unexpected big losses, such as scenario analysis, movement planning, and response actions for each market condition.

4.- Learning Trial and Error

Yes, the most expensive way to learn forex trading is through trial & error, finding a trading strategy by learning from mistakes, not an efficient way to trade in any market.

5.- Unrealistic expectations

Keep in mind that forex trading is not a get rich quick scheme, Proficient in accumulating profits does not mean quickly becoming rich. Repeated efforts are needed to be successful by mastering the trading strategies used.

6.- Risk Management and Bad Money

Traders should focus more on risk management, as is done with the development of trading strategies. Traders fail to trade without protection and do not use stop-loss.

Okay, maybe that's all I can explain. If you don't want to discuss it ...

Thanks


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#1 - February 09, 2019, 04:19:38 PM

Gombloh

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Quote from: Van99 on February 09, 2019, 04:19:38 PM
permission to share thread, min

I made this thread to aim, knowing the main cause of forex traders' failure

Indeed, the forex market is the largest and easiest financial market to access. Even though there are many forex traders / investors, not all of them achieve success. Many traders experience failure in forex trading. What caused it?

Actually all thing thata u mention is really true sir...and thats why manya trader still lose when trading because indisiplinr..bad momey management..emotional and not using analysis
#2 - April 21, 2019, 04:14:47 AM
« Last Edit: September 11, 2019, 08:34:02 PM by Mikser »

Fxortrader

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Quote from: Gombloh on April 21, 2019, 04:14:47 AM
Actually all thing thata u mention is really true sir...and thats why manya trader still lose when trading because indisiplinr..bad momey management..emotional and not using analysis
it's clear, discipline in the trade or business that we must implement, so that we can minimize losses.
#3 - April 21, 2019, 04:32:02 AM

Gombloh

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Quote from: Fxortrader on April 21, 2019, 04:32:02 AM
it's clear, discipline in the trade or business that we must implement, so that we can minimize losses.
Yup..u right sir,even have good technical but indicipliner about the rule and trading plan where has set up before and broke the own trading plan i think it will make a big fail
#4 - April 21, 2019, 04:38:44 AM

keruak90

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Quote from: Van99 on February 09, 2019, 04:19:38 PM
permission to share thread, min

I made this thread to aim, knowing the main cause of forex traders' failure

Indeed, the forex market is the largest and easiest financial market to access. Even though there are many forex traders / investors, not all of them achieve success. Many traders experience failure in forex trading. What caused it?


good artikel bro. i loss in forex becouse i always repaet my mastake again..
#5 - April 23, 2019, 10:50:24 PM
« Last Edit: April 24, 2019, 05:36:09 PM by Mikser »

TripleS

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Failure in forex is the same as the cause of failure in other businesses, namely lack of discipline and self-awareness so that it cannot place it in its place.
#6 - May 07, 2019, 07:18:11 AM

aizafx

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There are so many reasons the cause of loss and failure, and most failure because greedy in trading, will different result when trading low risk compared with high-risk trading, when you trade low risk even face with one loss, but still have opportunity to open new trades, but trading high risk will possible you get failure at short time
#7 - September 13, 2019, 12:38:42 AM

ariezz

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Traders who fail are generally due to their lack of mindset and skill and they force trading on real accounts with irregular lots.
#8 - October 28, 2020, 04:39:46 PM

Riky Namaku

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There are so many reasons for traders to fail, for example because of psychology, mindset and strategies that have not been tested profitable. That's why we have to be ready with all the risks in trading.
#9 - October 29, 2020, 01:31:20 PM

Billy Atkinson

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One of the things that hinders and causes loss of traders in forex trading in my opinion is greedy or frequent revenge in the forex market so that it is difficult for him to minimize the risk.
#10 - October 29, 2020, 03:20:23 PM

FardhanVx

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The main and most common cause that makes our trading loss is greed, greed will make trading feel chaotic and uncomfortable and the risk is also relatively large.
#11 - November 05, 2020, 02:10:39 AM

PrimaFx

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mistakes made will accumulate, if there is no evaluation and correction action, the error will repeat itself, that is the main reason traders always experience loss.
#12 - November 05, 2020, 09:26:05 AM

Aryox

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Some of the things that cause traders to fail in trading include yourself, the key is that you can't control your emotions and psychology.
#13 - November 11, 2020, 04:24:30 PM

Rizky_Rizal46

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One of the common things that causes failure in running forex trading is due to the factor of greed, with a greedy nature, everything will be chaotic and trading will fail.
#14 - November 11, 2020, 05:42:17 PM

Kapoor

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There are actually a lot of things that cause traders to fail in trading and that we must know because to succeed in forex is not easy
#15 - November 12, 2020, 01:29:25 AM
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