User:
ToraceePost in question
...
I summarize it
Title: REASONS WHY MANY TRADERS FAIL AND LOSS MONEY
1.Overtrading
2.Ridiculous Expectations
3. Lack of Capitalization
4.Addiction to trading Forex/crypto market
5.Inability to adapt the condition of the market
6. Poor Risk Management
7. Lack of Following a Trading Plan or not having a trading plan
8 SUMMARY
Now there is this article published
hereI summarize it
Title: Top Reasons Why Forex Traders Fail and Lose Money
- Overtrading
- Insufficient capitalisation
- Trading Addiction
- Not Adapting to the Market Conditions
- Poor Risk Management
- Not Having or Not Following a Trading Plan
- Unrealistic Expectations
- In Summary
Looking at paragraphs
1.Overtrading:
The most widely recognized motivation behind why Forex merchants or traders come up short is overtrading. It is either exchanging too large or trading too often. Overtrading may be brought about by ridiculously high benefit objectives, lack of capitalisation and market addiction. I was just trading too much then just to meet my high-profit goal daily with my low equity or capital.
2.Ridiculous Expectations
It's significant for first-time dealers to recall that Forex isn't a way to get rich rapidly. Similarly, as with any business or expert profession, there will be acceptable periods, and there will be awful periods, alongside hazard and misfortune. By limiting the market introduction per exchange, a merchant can have true serenity that one losing exchange ought not to bargain their general execution over the long haul.
Try to comprehend that persistence and consistency are your best partners. Brokers don't have to make a little fortune with a couple of huge exchanges. This just strengthens awful exchanging propensities and can prompt generous misfortunes after some time. Accomplishing positive compound outcomes with littler exchanges over numerous months and years is the most ideal alternative.
Unrealistic Expectations
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It's important for first-time traders to remember that Forex is not a means to get rich quickly. As with any business or professional career, there will be good periods, and there will be bad periods, along with risk and loss. By minimising the market exposure per trade, a trader can have peace of mind that one losing trade should not compromise their overall performance over the long-term.
(Sorry I needed to post it since it may be difficult to report such posts sometimes, and also to save the time to the person who moderates the post/user)