Reasons why traders fail in Forex | Bitcointalksearch.org

wxa7115

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Quote from: bitcoin31 on January 17, 2020, 12:16:11 AM

Many people earn money in doing a forex but many people also lost their money because of the forex, Im not a user forex because Im a trader of crypto and easy to learn but forex is really complicated but you know how it's works you can get more money for sure. But for the people do mistake in forex can change their startegy so they did earn money.

If you know how to trade then you can trade any asset that you want, it is not going to make any difference, forex is not more complicated than any other market since it follows the same old rules of supply and demand but compared to this market the volatility is a lot smaller.

So the profits you can make are not as good as the ones you can make in this market if you are not using leverage, unfortunately in the market of forex it is very common for traders to use leverage and as a result they lose their money incredibly quickly and they never learn anything out of it because of that.

rijaljun

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Quote from: maydna on January 17, 2020, 01:53:04 AM

Yes, you are right. If that person doesn't learn many lessons that are available in many places, he will not be able to make a profit, not just in forex, but in the crypto trading, he will not have that chance.

No, I was just trying to say that the article is useless and I have wasted my time to read the whole page.

Hamphser

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Quote from: Amel on January 17, 2020, 03:24:49 AM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

Actually there are many things here that have discussed the mistakes of traders in trading, whether it's crypto or forex traders. In my opinion, the mistakes are almost the same, the average mistakes made by traders are emotional and mental instability. Maybe for me it is only the conclusion of various problems of a trader because I also experience the first feel.

There are more factors that will cause the traders to fail whether it's a crypto or forex. Traders in both platforms have different strategies because these two are different but failing means there's something wrong with you and not with the market.

Amel

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Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

Actually there are many things here that have discussed the mistakes of traders in trading, whether it's crypto or forex traders. In my opinion, the mistakes are almost the same, the average mistakes made by traders are emotional and mental instability. Maybe for me it is only the conclusion of various problems of a trader because I also experience the first feel.

maydna

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Quote from: rijaljun on January 16, 2020, 10:34:09 AM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

These reasons actually happen not only in forex but also crypto and stock market. I read the article and it only shows general reasons, and I can't even remember how many times I have read exactly the same reasons as mentioned on the article, in the other sites. LOL.

Yes, you are right. If that person doesn't learn many lessons that are available in many places, he will not be able to make a profit, not just in forex, but in the crypto trading, he will not have that chance. But to learn more about forex, I think that it will be more complicated than to learn crypto trading because he needs to learn deeper about the analysis, indicators, and market movements. Besides that, I think forex trading will get the effect from the economic news, and that will have an impact on the price at the market.

bitcoin31

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Many people earn money in doing a forex but many people also lost their money because of the forex, Im not a user forex because Im a trader of crypto and easy to learn but forex is really complicated but you know how it's works you can get more money for sure. But for the people do mistake in forex can change their startegy so they did earn money.

SquallLeonhart

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Quote from: stomachgrowls on January 15, 2020, 02:49:25 PM

Quote from: hendra147 on January 11, 2020, 06:45:43 PM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

I agree with rhis statement
"This usually comes in the form of overleveraging, overtrading, chasing the markets, or holding on to trades you know you should’ve exited long ago.”
Holding in forex market is a big trouble, its difficult to get reverse direction, even you get right timing to buy or sell, broker can change the candle, then you get flash pump or dump and lost everything

Worst thing if there were slippage where shady brokers would do even the most reputable ones does that which

i cant really trust up when i do trade forex i can spot it out but for noob eyes you'll surely miss it.Hodling in forex is

really a bad idea yet you said where recovery wont most likely to happen due to volatility rate.I can say about factors
why traders do fail isnt only applicable for forex but in all sorts of market including crypto.

Overdoing and Chasing up things is always been a bad habit.

Forex markets have a number of brokers who would charge some fixed percentage for the number of trades you perform.

Yes, indeed those are not meant for experienced traders but for those who newly join the markets and want to make some profits have to follow these brokers and most of the time, they might even not gain than immense benefits out from the markets.

Individually each person should try to trade on their own without involving any broker in between the trade but at the start, if you have no experience than I would prefer you to learn a lot of things from the broker and then you can start trading on your own. Always remember that there are huge market risks in trading with forex or any markets.

rijaljun

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Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

These reasons actually happen not only in forex but also crypto and stock market. I read the article and it only shows general reasons, and I can't even remember how many times I have read exactly the same reasons as mentioned on the article, in the other sites. LOL.

FanEagle

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Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

Forex markets are less volatile and the percentage of their daily price changes is not that extreme as compared to the cryptocurrency markets so having a chance to lose excess amount there is quite smaller but also if you bought at the wrong trend and the price falls down than you need to wait a long time in order to gain some profits from the market as the price would not recover that sooner.

You have to analyze the markets more deeply so that you could come to know about the recent trend. Also following and actively going through the news related to the forex markets markets makes it easier to understand the ongoing activities in-between the markets which even makes it easier to understand the trend.

stomachgrowls

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Quote from: hendra147 on January 11, 2020, 06:45:43 PM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

I agree with rhis statement
"This usually comes in the form of overleveraging, overtrading, chasing the markets, or holding on to trades you know you should’ve exited long ago.”
Holding in forex market is a big trouble, its difficult to get reverse direction, even you get right timing to buy or sell, broker can change the candle, then you get flash pump or dump and lost everything

Worst thing if there were slippage where shady brokers would do even the most reputable ones does that which

i cant really trust up when i do trade forex i can spot it out but for noob eyes you'll surely miss it.Hodling in forex is

really a bad idea yet you said where recovery wont most likely to happen due to volatility rate.I can say about factors
why traders do fail isnt only applicable for forex but in all sorts of market including crypto.

Overdoing and Chasing up things is always been a bad habit.

FLoving

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Quote from: Pamadar on December 29, 2019, 08:52:27 PM

Quote from: AbuBhakar on December 29, 2019, 08:12:40 PM

Quote from: maxreish on December 29, 2019, 02:44:05 AM

It's all about Psycological actions and emotion. I certainly agree about all of the listed in the article. But let me add up some that wasn't said above;

Stick to your own GUTS and INSTINCTS
Good Management in Trading

Those emotions were being managed now by most of the traders but newbies should really read the article.

Plus having the discipline and being updated can help a lot, I wanted to enroll in a forex trading seminars in my area but the fees were too high to consider that's why I'm taking one step at time in studying. It may seem the same in crypto but they both have different distinction. As we will be needing to focus on different currencies and set ideas on both. Trying to trade forex next year.

If you build your trading activities with this strong foundation, the chance of succeeding will be more higher. Good discipline with things that you'll be doing inside the market gives you much better views on how will you set up your own strategy. Knowing the principles adds up to your edges. As long as you trade using your own ways after understanding this field will give you positive outcome.

In here we are interacted with the traders who are more familiar with crypto trading which is a separate field and not the same as forex so the trading is forex is much different than the crypto trading. So these crypto traders when start trading in forex they have the skills which are not familiar with forex and they fail there.

wxa7115

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Quote from: hendra147 on January 11, 2020, 06:45:43 PM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

I agree with rhis statement
"This usually comes in the form of overleveraging, overtrading, chasing the markets, or holding on to trades you know you should’ve exited long ago.”
Holding in forex market is a big trouble, its difficult to get reverse direction, even you get right timing to buy or sell, broker can change the candle, then you get flash pump or dump and lost everything

One of the biggest issues when it comes to trading Forex is that most people are using leverage which increases the risk of losing your capital exponentially, so when you see one of those flash crashes you lose everything even if you were cautious enough to put a stop loss, the broker is going to say to you that he was unable to exit your position at that price and you suffer massive losses as a result of this.

As I said before the biggest problem that people have out of any market are their own expectations, they expect that they will be able to double their money in months when the reality is that if you can earn something between 5% or 10% at the end of the year then you should consider yourself a good trader.

Karmakid

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Quote from: TitanGEL on January 12, 2020, 07:01:44 AM

Quote from: Oilacris on January 12, 2020, 04:17:58 AM

Quote from: kro55 on January 12, 2020, 02:10:54 AM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

1. Greed
2. Fear
3. Overconfidence
These three factors mentioned in OP link are enough to destroy any trader portfolio in not only forex but in any trading market. Never Greed for more, just sell whenever you are getting your target profit else you will only lose.

These 3 things will surely blown up your account in no time.This isnt applicable on forex same as you said but all types of markets that do involve
buy and sell.

You should really know on how to make yourself learn and realize your mistakes because these are stepping stones to success but if you dont know how to make these failure for you to learn then you wont never ever improved.

Ineffective trading setups are the reason why there are people who failing in forex, there are also investors who did not identify the risks and that is the reason why they are becoming successful. Greed and Fear are also factors, we should be a discipline trader if we want to become a profitable trader. We should also have proper diversification to lessen the risks that we are handling.

You have a point but less information and knowledge is also a primary reason why traders fail in forex and also in other type of market. If they do not have any idea on what are the criteria that they are going to follow then it is a huge disadvantage for them and they will not become profitable with that. They should have all the traits of a profitable trader before they try to risk their own money into the market.

TitanGEL

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Quote from: Oilacris on January 12, 2020, 04:17:58 AM

Quote from: kro55 on January 12, 2020, 02:10:54 AM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

1. Greed
2. Fear
3. Overconfidence
These three factors mentioned in OP link are enough to destroy any trader portfolio in not only forex but in any trading market. Never Greed for more, just sell whenever you are getting your target profit else you will only lose.

These 3 things will surely blown up your account in no time.This isnt applicable on forex same as you said but all types of markets that do involve
buy and sell.

You should really know on how to make yourself learn and realize your mistakes because these are stepping stones to success but if you dont know how to make these failure for you to learn then you wont never ever improved.

Ineffective trading setups are the reason why there are people who failing in forex, there are also investors who did not identify the risks and that is the reason why they are becoming successful. Greed and Fear are also factors, we should be a discipline trader if we want to become a profitable trader. We should also have proper diversification to lessen the risks that we are handling.

Oilacris

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Quote from: kro55 on January 12, 2020, 02:10:54 AM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

1. Greed
2. Fear
3. Overconfidence
These three factors mentioned in OP link are enough to destroy any trader portfolio in not only forex but in any trading market. Never Greed for more, just sell whenever you are getting your target profit else you will only lose.

These 3 things will surely blown up your account in no time.This isnt applicable on forex same as you said but all types of markets that do involve
buy and sell.

You should really know on how to make yourself learn and realize your mistakes because these are stepping stones to success but if you dont know how to make these failure for you to learn then you wont never ever improved.

kro55

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Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

1. Greed
2. Fear
3. Overconfidence
These three factors mentioned in OP link are enough to destroy any trader portfolio in not only forex but in any trading market. Never Greed for more, just sell whenever you are getting your target profit else you will only lose.

Savemore

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Quote from: Pamadar on December 29, 2019, 08:52:27 PM

Quote from: AbuBhakar on December 29, 2019, 08:12:40 PM

Quote from: maxreish on December 29, 2019, 02:44:05 AM

It's all about Psycological actions and emotion. I certainly agree about all of the listed in the article. But let me add up some that wasn't said above;

Stick to your own GUTS and INSTINCTS
Good Management in Trading

Those emotions were being managed now by most of the traders but newbies should really read the article.

Plus having the discipline and being updated can help a lot, I wanted to enroll in a forex trading seminars in my area but the fees were too high to consider that's why I'm taking one step at time in studying. It may seem the same in crypto but they both have different distinction. As we will be needing to focus on different currencies and set ideas on both. Trying to trade forex next year.

If you build your trading activities with this strong foundation, the chance of succeeding will be more higher. Good discipline with things that you'll be doing inside the market gives you much better views on how will you set up your own strategy. Knowing the principles adds up to your edges. As long as you trade using your own ways after understanding this field will give you positive outcome.

I tried to trade forex last December, it is also volatile like cryptocurrencies but the thing is it is more convenient to trade with forex nowadays because there are currencies which ar the trend of bullish market. The whole cryptocurrency market is still in bearish and it is really hard to trade using counter trend strategies because of the high risks that we can get.

Janation

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Quote from: Gozie51 on January 11, 2020, 04:50:34 PM

Quote from: makolz26 on December 26, 2019, 10:23:09 AM

That's the reality, once there are winners or gaining in trading, some were crying because they lose in trading, which is the sad truth in trading, so if you really don't know what you are doing, other people can manipulate your mind especially those who are whales, they can easily think how you are thinking. Also in crypto, there are just different with what you are trading at but also the concept is same. So, learn, learn, learn everyday to earn later.

About manipulation and whales in forex trading, the whales are not necessarily individuals.
The whale in forex trading are usually the banks that have huge some if money that they can put into trade in a particular direct which can change the dynamics of demand therefore, causing huge movement and either rising or falling price.

Never thought of that.

There are a lot of other people out there trading money and never thought that the banks are the actual whales. In forex trading that would be true but in terms of whales in the market of cryptocurrency, I think that is an individual, right?

Ridwan Fauzi

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Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

Also I feel the same way, a few years ago I was just a newbie into trading and just calculated some information how to get profit by trading also I looked for some traders who have consistent profit by their trading.

But, I wasn't aware that my emotion (greedy, overconfidende and etc) are the most part when I trade. So, I just find and learn more startegies such Moving Average, fibbonaci and etc and spent all of my time to learn them until I got a bit understanding of them and I start to trade. I tried to deposit arround $100 and just take a few time I got failured (I was trading forex at that time).

I was thinking what was wrong in my trading because in theory I should gave a profit and in reality I got nothing. Thinking a thausand of time and I decide to pause my day trading and learn more about trading again. And yeah, I realized that I miss another important part in trading and I was regreted it. So, I learn more about money management and my emotion that should be done when I trade and it has gave many thing to me.

pajak666

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Quote from: teosanru on December 26, 2019, 10:09:44 AM

Quote from: Danumsigwasan on December 26, 2019, 09:54:08 AM

It’s no secret that Forex is a great business but also equally dangerous with many people struggling and ending up in wrong zone.

This is where https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/ can be useful way to avoid making same mistakes that others have made or are making. Only then we will be able to find results that we dearly desire to get.

I think not only forex this is truth about every form of trading and humanity in generally. In every type of trading one loses because of their greed to earn money quickly and fear of losing money quickly. But these things can be solved only through constant practice and routine. One has to develop a routine and follow it with discipline everyday. Slowly you will develop a system and you will be following the system blindly without bringing emotions amidst your trading. This is the key to become successful at trading.

Yea basically the same ratio applies for success in all topics of our lives. It's usually the same people who achieve success in many areas of their lives, while others are miserable on way or another, no matter what they try. The difference is all in the attitude and the way we progress, if at all. Anybody who is learning from his mistakes and puts enough time/volume will eventually reach satisfying level of life or career or whatever. Others just give or are too lazy or simply too shortsighted to realize what should be their real target in life and they settle for less.

Topic: Reasons why traders fail in Forex (Read 497 times)