Levie Posted April 15, 2016 Share Posted April 15, 2016 Do you know why traders fail on trading? Quote Link to comment Share on other sites More sharing options...
myregister Posted April 15, 2016 Share Posted April 15, 2016 Well, to answer that actually you don't have to open a thread but i will tell you in short manner as short as i can. People fail because they lack of understand if not they lack of experience. You won't make profit if you don't familiar how to respond to the market isn't it? And this is clear that if you lack it you cannot adapt with market thus lowering your chance to make bigger profit and even lose in relatively huge amount. Quote Link to comment Share on other sites More sharing options...
o_vadim Posted April 15, 2016 Share Posted April 15, 2016 it's even easier you loose money so somebody else can win money) and if to be serious - it takes time and money (often much money) to become a pro. but as you become a pro - you get your money back. and even more. But it's not everybody who gets to this point. simple as that) Quote Link to comment Share on other sites More sharing options...
pepy Posted April 15, 2016 Share Posted April 15, 2016 Usually because they don't know about what they are doing. Or i can say they trade too big since we know that one of the major selling points of the Forex market is large amount of leverage . Many traders cannot help themselves and want to trade big. The problem is using high leverage reduces a chance that we will be profitable in the long run. Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 16, 2016 Share Posted April 16, 2016 So many trader fail in forex business because many factor and wee can trying to learn, maybe most reason is lack of knowledge and experience, and also sometime mistake come from our own mistake, like as greedy, over trading, trading recklessly, but actually the trend market itself sometime unpredictable and here required good skill to analyze trend market to determine best timing enter and exit Quote Link to comment Share on other sites More sharing options...
pepy Posted April 17, 2016 Share Posted April 17, 2016 Not maybe i think, because all of those people fails because of that, mostly. They fail because lack of knowledge, experience and emotion control. Most of them are actually newcomers who still need time to adapt. As for trend yes, sometimes it is unpredictable but it doesn't mean you fail suddenly just because of that, this is why risk management is important here. Quote Link to comment Share on other sites More sharing options...
gaban Posted April 20, 2016 Share Posted April 20, 2016 failure caused a lot of bad mindset. many are eager to get rich with forex but in fact for the rich in forex takes time and process. The mindset is not really going to make us trading with greedy and emotion Quote Link to comment Share on other sites More sharing options...
uncle gober Posted April 20, 2016 Share Posted April 20, 2016 failure caused a lot of bad mindset. many are eager to get rich with forex but in fact for the rich in forex takes time and process. The mindset is not really going to make us trading with greedy and emotion Forex is not gambling. One way to avoid falling into a casino mindset is to avoid an emotional reaction to loss. A gambler will race to deposit more money into a depleted account on the emotional belief that their next run will double their money and recover their loss. Traders won’t replenish funds until they have understood why their reading of the opportunity was so off as to cause a loss. Quote Link to comment Share on other sites More sharing options...
Levie Posted April 20, 2016 Author Share Posted April 20, 2016 maybe traders really fails on trading with forex due to lack of knowledge and practice. we all know that before we enter forex trading. we need to start on learning all important thing about forex for us to create good plans on how can we make profitable trades. Quote Link to comment Share on other sites More sharing options...
novarisa Posted April 20, 2016 Share Posted April 20, 2016 maybe traders really fails on trading with forex due to lack of knowledge and practice. we all know that before we enter forex trading. we need to start on learning all important thing about forex for us to create good plans on how can we make profitable trades. Lack of knowledge, lack of discipline and lack of risk management that they should be go back to their demo account to practice more. Besides, it takes more than 6 months to mastering the basics of this business. Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 20, 2016 Share Posted April 20, 2016 Forex is not gambling. One way to avoid falling into a casino mindset is to avoid an emotional reaction to loss. A gambler will race to deposit more money into a depleted account on the emotional belief that their next run will double their money and recover their loss. Traders won’t replenish funds until they have understood why their reading of the opportunity was so off as to cause a loss.Maybe if any trader they become gambler in trading, hence they will can't long run in this business and not any gambler they become rich and always in lucky, trader and gambler is different case I think, as trader they will learn seriously how to manage money in uncertainty market condition with always improve skill to analyze the market, while gambler they will only relying with lucky with desired they can making huge profit at short time. Quote Link to comment Share on other sites More sharing options...
Levie Posted April 21, 2016 Author Share Posted April 21, 2016 Lack of knowledge, lack of discipline and lack of risk management that they should be go back to their demo account to practice more. Besides, it takes more than 6 months to mastering the basics of this business. I agree with you. before we enter forex trading business. make sure we have knowledge on the market flows. manage everything especially your funds so you won't have difficulties when you start trading. Quote Link to comment Share on other sites More sharing options...
TekiJIa Posted April 21, 2016 Share Posted April 21, 2016 I think the phsycological factor is more important than knowledge. It takes about 70% of success. Quote Link to comment Share on other sites More sharing options...
gaban Posted April 22, 2016 Share Posted April 22, 2016 yes, most traders fail because of psychological factors and therefore we need to train psychology well. The demo account is not able to train the psychology of trading, but we can train with the psychology of trading using small capital first. Quote Link to comment Share on other sites More sharing options...
Levie Posted April 22, 2016 Author Share Posted April 22, 2016 And maybe trader just click on the button to do trade with out knowing the real meaning and work here in forex trading. we must make sure that you are fully knowledge on how the market flow. forex is very risky and you should be prepared cause everything might happen. Quote Link to comment Share on other sites More sharing options...
TekiJIa Posted April 22, 2016 Share Posted April 22, 2016 Unfortunately, sometimes knowledge don't help an dyou need to unerstand what to do by your cold mind. And often, these moments are critical. Quote Link to comment Share on other sites More sharing options...
Dolgart Posted April 22, 2016 Share Posted April 22, 2016 About knowledge )I found the list of books for trading. What is better for reading?1. "Currency Trading for Dummies" by Mark Galant and Brian Dolan2. “Introduction to Technical Analysis” by Reuters 3. “The 10 Essentials of Forex Trading: The Rules for Turning Trading Patterns Into Profit” by Jared F. Martinez4. “Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders” by Curtis M. Faith5. “Getting Started in Technical Analysis” by Jack D. Schwager6. “Master Trading: Secret Materials” by Erick L. Nayman7. “The Disciplined Trader: Developing Winning Attitudes” by Mark Douglas8. "Trade Your Way To Financial Freedom" by Dr. Van Tharp 9. “Stock Market Wizards: Interviews with America's Top Stock Traders” by Jack D. Schwager10. "Trading With Intermarket Analysis, Enhanced Edition: A Visual Approach to Beating the Financial Markets Using Exchange-Traded Funds" by John J. Murphy Quote Link to comment Share on other sites More sharing options...
bigxy Posted April 22, 2016 Share Posted April 22, 2016 Forex trading is a very professional market where traders must be very vigilant and should take calculated risks. Most of the traders fails when they jump in forex trading with incomplete knowledge, some losses due to greed and some losses more while chasing their lost money. Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 24, 2016 Share Posted April 24, 2016 Fail in tradng is not the end for everything, still many more opportunity ahead because forex business still exist and never end as long as still exist, and start from failure if any trader they take lesson from their worst experience hence it will making them more carefully to step ahead, because success also will never come instantly, required hardwork and keep struggle Quote Link to comment Share on other sites More sharing options...
gaban Posted April 24, 2016 Share Posted April 24, 2016 trading without a good trading plan it will cause us to fail. Some fail to forex trading because of lack of good planning and good psychology. For that, we need to make a good site planning to minimize failures Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 25, 2016 Share Posted April 25, 2016 Don't deep in regret after fail, losing money in forex trading or get margin call account maybe is common thing for trader, I think almost trader they ever faced with loss and margin call, but this is not the end for everything because we still have opportunity to learn again from our experience , forex market still open and we have new opportunity everyday along we have capital to trade Quote Link to comment Share on other sites More sharing options...
bearhugs Posted April 27, 2016 Share Posted April 27, 2016 Traders fails because no experience and zero knowledge. If you have have learned well about trading and worked on demo, then there are less chances to be fail in forex. Quote Link to comment Share on other sites More sharing options...
TekiJIa Posted April 27, 2016 Share Posted April 27, 2016 But waht the reason to have plan and knowlledge if you can't use them because of psyhological unavailability. Quote Link to comment Share on other sites More sharing options...
Dolgart Posted April 27, 2016 Share Posted April 27, 2016 So, it isgood dicussion, but will somebody help me with books? ) Quote Link to comment Share on other sites More sharing options...
radex78 Posted April 27, 2016 Share Posted April 27, 2016 Traders fails because no experience and zero knowledge. If you have have learned well about trading and worked on demo, then there are less chances to be fail in forex. This is in common reason the cause many trader fail, if we making comparison between newbie which still blind at all with trader that already have long experience, might will quick fail for newbie, which also usually they have weak in psychology trading, often panic, and fear and different with experienced trader which might they have better psychology Quote Link to comment Share on other sites More sharing options...
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