Reasons why traders fail in Forex | Bitcointalksearch.org

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

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

sr. member

Activity: 1274

Merit: 267

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

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

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

legendary

Activity: 1638

Merit: 1033

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

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

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

hero member

Activity: 1834

Merit: 523

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

legendary

Activity: 2464

Merit: 1102

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

sr. member

Activity: 1274

Merit: 267

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

legendary

Activity: 2884

Merit: 1117

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

hero member

Activity: 3010

Merit: 794

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

hero member

Activity: 1022

Merit: 521

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

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

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

sr. member

Activity: 742

Merit: 397

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

sr. member

Activity: 1036

Merit: 281

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

hero member

Activity: 2996

Merit: 609

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

sr. member

Activity: 1610

Merit: 301

*STOP NOWHERE*

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

sr. member

Activity: 952

Merit: 274

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

hero member

Activity: 1722

Merit: 528

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

full member

Activity: 1330

Merit: 147

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

hero member

Activity: 746

Merit: 502

Looking for advertising deal

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.

hendra147

hero member

Activity: 644

Merit: 509

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

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

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.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

Don't compare Forex to crypto they are different because crypto is too volatile and Forex takes months or years before you can see some movement and you will need a large amount of deposit compared to Crypto that you can deposit even small amount.

I never experience to trade in Forex but I heard many people here trading on Forex as I know they are making profit. So I think only those people who fails in Forex are those people without patience. It is likely you sell your crypto too early and now the price is increase 1000x this one is the same as what happen on Forex so if you don't have patience and don't trade them on the right time you will lose.

wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: ChrisPop on December 26, 2019, 11:59:36 AM

There are numerous reasons why the vast majority of traders lose money, but if I had to generalise them they are related to discipline and emotions. People tend to think that trading is easy, but after they get a little bit experience in it they realise it is quite the opposite - you need to acquire a powerful skill set.

Most people are very gullible and they believe everything that they hear and when you see the ads that promote to trade in Forex you will see that many of them promise thousands of dollars in a matter of days without too much effort, it is obvious they are misrepresenting the realities of the Forex market in which 90% of their participants lose all their money during the first months or their first year of trading.

If they stated that information instead I'm sure that very few people will risk trading Forex, so while there are a bunch of reasons of why people lose money in the Forex market or in any market by that matter the first one is that they have false expectations about the money that they can make but that is not entirely their fault.

Pamadar

legendary

Activity: 2982

Merit: 1028

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.

cryptoangel

sr. member

Activity: 700

Merit: 250

Quote from: naikturun on December 29, 2019, 11:34:10 AM

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

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.

yes because everyone is racing to win, I mean there must be someone who wins and losers, if you buy now you expect someone to buy your coins at a higher price, so does that person do the same thing you do.
so it's like a circle that keeps spinning.

Most of the traders are active in all the platform so they invest our money, surely they are all monitor the further hype so forex traders are never loose the money. But some peoples are just play the game for trading so they are loose the money. I think forex trading is not a huge hype and loose so crypto will make good earning for current traffic.

AbuBhakar

hero member

Activity: 1120

Merit: 554

🇵🇭

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.

naikturun

sr. member

Activity: 1190

Merit: 267

Undeads.com - P2E Runner Game

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

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.

yes because everyone is racing to win, I mean there must be someone who wins and losers, if you buy now you expect someone to buy your coins at a higher price, so does that person do the same thing you do.
so it's like a circle that keeps spinning.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

As far as I see, trading forex is more complicated than trading crypto because we need to learn about the analysis, the chart, the trend, the news, and many more. But I don't know what the step to learn forex trading because I don't start to trade forex trading. I think that people can learn more about forex trading, but they need to spend more time to find good sources to start learning. Without having a good effort to learn forex trading, they will not be able to make a profit from forex trading.

maxreish

sr. member

Activity: 1330

Merit: 326

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.

bittraffic

hero member

Activity: 3038

Merit: 617

Quote from: pundit on December 28, 2019, 01:11:02 PM

There are common reasons why traders fail in forex.
1. Most of the brokers offer high leverage and most of the traders chose high leverage trading.
2. Most of the traders do not wait for the right setup (do not have patience).
3. Most of the traders do not put SL.

and last but not the least, traders start fighting with the market when SL gets hit (If it was put).

Traders should always trade with a proper planning and should accept whatever market offers them. Try to win the market with patience instead of fighting with it aggressively.

That's something else. OP only listed three which were GREED, FEAR and OVERCONFIDENCE. To be honest this are greed is also the reason why some traders are earning a lot. Its not greed like you are committing a crime because of greediness, its just trading we are talking here. The more you try to watch when the price goes up and go down the better you are with trading.

pundit

full member

Activity: 868

Merit: 104

There are common reasons why traders fail in forex.
1. Most of the brokers offer high leverage and most of the traders chose high leverage trading.
2. Most of the traders do not wait for the right setup (do not have patience).
3. Most of the traders do not put SL.

and last but not the least, traders start fighting with the market when SL gets hit (If it was put).

Traders should always trade with a proper planning and should accept whatever market offers them. Try to win the market with patience instead of fighting with it aggressively.

veilmoil

jr. member

Activity: 56

Merit: 12

Im using both crypto and fx but at this situation when btc so volatile im focus on forex and crypto just for mid/longterm

Ipwich

hero member

Activity: 1050

Merit: 529

Student Coin

Quote from: palle11 on December 27, 2019, 12:27:58 PM

Quote from: posi on December 27, 2019, 08:16:07 AM

Forex was indeed a great business but not to me ever since I'm aware of crypto currency investment and it good to be inform about the necessary technique to floristh in every business setting or investment but that still don't justify ones profit level for every business accept debt at some point.

Did you say was ? Grin

I think is will be fine because, it is still present in the world all over and many people are making good money still on it.

However, if you confirm to yourself that cryptocurrency trading is giving you good money because you know how to trade it, you can do better with forex because it is controlled or regulated and you can know what happens or near accurate speculation of price.

Indeed, crypto trading is likely similar to forex trading but that is how he appreciates crypto, the same thing that the others do.
I could say that crypto is growing bigger and bigger, thus having crypto in trading is seems to be profitable than forex trading may have. But above all, it gonna depend on how we work on it.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: posi on December 27, 2019, 08:16:07 AM

Forex was indeed a great business but not to me ever since I'm aware of crypto currency investment and it good to be inform about the necessary technique to floristh in every business setting or investment but that still don't justify ones profit level for every business accept debt at some point.

Did you say was ? Grin

I think is will be fine because, it is still present in the world all over and many people are making good money still on it.

However, if you confirm to yourself that cryptocurrency trading is giving you good money because you know how to trade it, you can do better with forex because it is controlled or regulated and you can know what happens or near accurate speculation of price.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

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.

Plus, let's not forget that how strong an economy is depends on the politicians as well. For example if your president comes out and says something stupid and moronic (why is that more common these days) you will not be able to guess what happens to your fiat beforehand, and after he does that it is a free fall.

So, forex people have to follow up every single president and important politician and what they are saying? That is a bit challenging (even tho easier thanks to twitter nowadays) but it is still fair to remind people you are a human and can be late to react even if you follow news every single day. Long story short one mishap from one government could ruin all of your forex portfolio and there is absolutely nothing you can do about it neither.

Dart18

sr. member

Activity: 1400

Merit: 259

The list is filled with just emotions.
I think it is normal in trading.

Who else doesnt want more? Yeah that is greed.
Who else doesnt want to loss more. Yeah that is fear.

We all have that same emotion whenever we are facing loss or profit. They dont really fail, they are gaining more experience.

Darooghe

sr. member

Activity: 1120

Merit: 255

In my opinion, the most important reason is over-leverage. most Forex traders don't really have any sense of how much risk they're taking on, and think the game is to try to make megabucks on every single trade. ask your typical Forex trader how much their open positions will go against them if the market moves 1% against them, most have no idea. If I had to pick one change between my newbie days and becoming profitable it was worrying much less about picking a correct direction and focusing primarily on my effective leverage.

posi

hero member

Activity: 2268

Merit: 579

Vave.com - Crypto Casino

Forex was indeed a great business but not to me ever since I'm aware of crypto currency investment and it good to be inform about the necessary technique to floristh in every business setting or investment but that still don't justify ones profit level for every business accept debt at some point.

Karmakid

sr. member

Activity: 742

Merit: 397

The only reason why I think the traders not only in forex but also in other market is they lack on knowledge. Most of the traders that I encounter are aggressive and even me, I was used to be aggressive type of trader. I just jump into the market without having a proper education about managing both my risk and emotions.

Reid

hero member

Activity: 3052

Merit: 651

Forex differs with how you do it with crypto trading but I guess those points are somehow the same.

Greed, Fear and being over confident with your skills.
Difference is just how it fluctuate but this emotions are just same.
This is for everyone though even those professional with both. (forex and crypto)
It will just come down on how you can control it while you are live in trading.
Some do bots but I still prefer my own instincts.
That greed and fear may somehow save you a dollar.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

So what I didn't see.
Over excitement.

Yes, I do believe this things are should be considered too specialy when you are a first timer in the field of trading.
Those who had listened to how much profit they will make tend to be on a disaster even from the start.

Using different ways to deposit funds even though they are illegal just because they cannot use one legitimate service like Paypal.
Let us say country restriction or they are banned from using it.

AniviaBtc

sr. member

Activity: 1120

Merit: 272

First 100% Liquid Stablecoin Backed by Gold

Quote from: Sanugarid on December 27, 2019, 04:22:53 AM

Quote from: Wexnident on December 27, 2019, 04:02:24 AM

Traders fail in Forex because of basic reasons. Any mistakes out of those reasons are outside, and can actually just be blamed for wrong predictions or just plain bad luck. Some of the basic reasons of failure is failing to create a basic goal and a stop loss. A goal so that you know when to stop and create a brand new plan to achieve another brand new goal, which is always important since if you set your goal to be too big, it'll most likely never be achieved, and if you fail to create a point where you would stop and re-plan, then you're basically asking for yourself to lose continuously.

Also forex are just dominant because of the advertisement that promotes it like Youtube and any other apps. But the quality of the forex app is quite good and yet the users don't know the fundamentals of trading.

In result, they get losses and their profits are not growing because of failure and the stop loss.

Forex is a good trading app and it has a lot of features that other trading apps don't have. That's why it is the no. 1 trading app used by the crypto users. Planning is really important in trading for you to know what move will you execute for a successful trading.

MURONDI

sr. member

Activity: 812

Merit: 257

there are many reasons why traders fail, these reasons may also vary for each trader, forex trading and crypto trading are different things though almost the same, the reason I failed in forex is the existence of a scam broker, brokers often deceive traders, e.g. Stop Loss Hunter, Mark-up Spread, Requote, whereas what caused my loss in crypto trading was the existence of a shit coin or coins that ultimately have no price at all.

Sanugarid

full member

Activity: 1442

Merit: 153

★Bitvest.io★ Play Plinko or Invest!

Quote from: Wexnident on December 27, 2019, 04:02:24 AM

Traders fail in Forex because of basic reasons. Any mistakes out of those reasons are outside, and can actually just be blamed for wrong predictions or just plain bad luck. Some of the basic reasons of failure is failing to create a basic goal and a stop loss. A goal so that you know when to stop and create a brand new plan to achieve another brand new goal, which is always important since if you set your goal to be too big, it'll most likely never be achieved, and if you fail to create a point where you would stop and re-plan, then you're basically asking for yourself to lose continuously.

Also forex are just dominant because of the advertisement that promotes it like Youtube and any other apps. But the quality of the forex app is quite good and yet the users don't know the fundamentals of trading.

In result, they get losses and their profits are not growing because of failure and the stop loss.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Traders fail in Forex because of basic reasons. Any mistakes out of those reasons are outside, and can actually just be blamed for wrong predictions or just plain bad luck. Some of the basic reasons of failure is failing to create a basic goal and a stop loss. A goal so that you know when to stop and create a brand new plan to achieve another brand new goal, which is always important since if you set your goal to be too big, it'll most likely never be achieved, and if you fail to create a point where you would stop and re-plan, then you're basically asking for yourself to lose continuously.

dark08

full member

Activity: 798

Merit: 104

Tradingbis not easy as people think and failure are always there not only on forex but also on crypto trading because of failure people will gain knowledge and that experience will become a lesson that you need tobe careful everytime, always set your mind positive.

2double0

legendary

Activity: 2618

Merit: 1105

The shortest way to write it all in a summary:
+ When you sell off quickly while in profit and you knew that your position had potential to get you more greens, you lose
+ When you buy quickly without setting up a target to buy at and do it at market price, you lose some profits due to mistargeting your position from the beginning
+ When you sell off late in loss while waiting in hope till your position has reached there, you lose higher than what you were supposed to
+ Greed is another story which makes you lose more sometimes when you hodl for longer but the position is already in loss and you just keep it open as your ego doesn't let you to drag yourself out of it

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Trela on December 27, 2019, 12:32:46 AM

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.

Knowing that, but it's hard to control your emotions when you encounter unpredictable situations. For me, I choose to rest instead of spending more time to trade or follow the market volatility because I'm sure I won't have any accurate decisions at that time. When you see trading as your life, you know how to regulate it, I've heard this advice from a Wall Street expert.

Option to rest is good but actually you can't counter your loss if you do that since me actually I'm doing a cut loss the same with crypto if I feel something wrong in the market for a movement of what I bough earlier. But actually men I don't see tradings go so far for now since quitely I'm not a big spender but will see in future if I master this craft and earn quite good then let see how thinhs bring up.

perla

hero member

Activity: 1932

Merit: 504

I don't know deep about forex. But what i know is who really serious to be expert in it can be success. Or at least get profit daily. By the way, my friend sometime showoff what he get daily, and when i ask to teach me, he said that he need a years to learn about forex. That is why i stay in crypto trading like usual.

bitcampaign

sr. member

Activity: 1918

Merit: 268

20BET - Premium Casino & Sportsbook

I guarantee great people who are now good at trading in forex and crypto, almost all of them feel what failure and defeat, every trade always has a risk that is what must be understood, how can we avoid large risks and take advantage of the moment to turn things around into profits , many things can be done as long as we want to learn from experience, facing the market is not as easy as turning the palm of the hand

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Usually, people are too lazy to learn more lesson about Forex, and they give the money to the broker so the broker that will trade for them. That happens with many people because they say that they don't have time to learn another lesson. I admitted that learning Forex will be difficult than to learn crypto trading because we need to stay alert with all news that release. Sometimes, the Forex market will start moves after the news release, and we need always to check before something happens. Only with learning more details about Forex that can help you to make a profit, and the process will not happen in one night.

Trela

legendary

Activity: 1106

Merit: 1001

The Decentralized TCP/IP Internet Protocol

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.

Knowing that, but it's hard to control your emotions when you encounter unpredictable situations. For me, I choose to rest instead of spending more time to trade or follow the market volatility because I'm sure I won't have any accurate decisions at that time. When you see trading as your life, you know how to regulate it, I've heard this advice from a Wall Street expert.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

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 are some of the valid reasons for failure in forex personally I see fear and greediness as the two common mistakes of forex trading especially newbies some newbies thinks it is an avenue to become rich quickly thus trading with high lots due to greediness invariably burning their portfolio within the shortest period, price has no respect for anybody being overconfident while trading without proper money management amount to losing profitable trades.

Xxmodded

sr. member

Activity: 2296

Merit: 315

SOL.BIOKRIPT.COM

Trading with forex like gambling site where we have two choose win or loss, when our prediction coin not depend with price we have ready to lost money in forex trading, but for bitcoin and altcoin trading although have lower price we can keep hold and waiting until price of assets back to higher price, just waiting when price is up to sell our coin.

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

Quote from: nicolas1979 on December 26, 2019, 08:24:48 PM

First reason is the don't set stop loss and take profit point as their limit to face the risk, even they set always break it.

This strategy can be implemented in the forex platform as long as you know the risks and have enough experience to manage losses, without a stop loss it is easier to touch the margin call point and it will even turn into a stop out which will cut your position. In cryptocurrency trading this strategy is not recommended because it is volatile, your capital will easily run out and you will go bankrupt.

nicolas1979

sr. member

Activity: 826

Merit: 252

First reason is the don't set stop loss and take profit point as their limit to face the risk, even they set always break it. Second reason is don't have any knowledge about the field, meaning they should practice first using demo account at lest one time. Last one, change strategy in the middle time. Maybe you never agree with my last reason but for me this the most reason why people fail in forex. Never trust their own skill become cause of this action. Trading forex is more difficult than crypto, in this market you can rich in minutes and bankrupt in second.

jostorres

hero member

Activity: 2562

Merit: 586

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.

Most people start failing when they start setting unrealistic expectations in trading. There are who see it as a get rich quick scheme, but at the end they are disappointed. Just like some people I introduced to cryptocurrency, a lot of them thought that cryptocurrency trading was going to make them richer overnight, but when they come and see that it’s not what they are expecting, they quit.

There are risks in trading anything, you will be risking your money and if you’re not smart enough you will end up being crippled by the markets volatility. Unlike stocks nor cryptos, government policies are having wild impact on forex markets which leads to abnormal volatility in forex markets also most forex traders do trade with leverage which leads to them unable to hold positions for longer duration so they are enforced to book losses more frequently.

Yamifoud

hero member

Activity: 2828

Merit: 518

Everything that will happen in crypto trading https://bitcointalksearch.org/topic/what-are-common-mistakes-and-problems-of-the-traders-3572889 is might also happen to other forms of trading.

Failures aren't a new thing to happen in Forex trading and we have to remember the risk in trading. And the reason why most people never succeed in trading is because of these things https://www.qatarday.com/blog/information/4-reasons-why-youre-not-making-money-with-your-forex-trades/69233
you'll surely find difficult if you have to wear these.

DoublerHunter

hero member

Activity: 2590

Merit: 644

There are various reasons why forex traders are always failed with their journey in trading of forex exchange.
First is, unrealistic target/goals, poor risk management, and overconfident /excitement. The last one is insufficient capitalization. But all of these are speculation, you can research your own and at least we gave you some ideas.

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

There are numerous reasons why the vast majority of traders lose money, but if I had to generalise them they are related to discipline and emotions. People tend to think that trading is easy, but after they get a little bit experience in it they realise it is quite the opposite - you need to acquire a powerful skill set.

mbakruroh

sr. member

Activity: 658

Merit: 250

enterapp.io PRE-SALE IS LIVE

Fail in trading ( forex/ crypto ) can bring bankrupt, no one want become part of it. Most reason is trader underestimated market, they use real money at the first time to test strategy that they don't know the real result. Second opinion is never use stop loss and take profit point, always " hold " when market opposite their strategy. That is my experience in forex, loss is very easy but for profit we need to start from $ 1/ day, trust me about this one.

makolz26

sr. member

Activity: 714

Merit: 254

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.

teosanru

hero member

Activity: 2114

Merit: 619

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.

Danumsigwasan

member

Activity: 258

Merit: 13

I am from Forex world.

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.

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