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list the main causes of failure of forex traders

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kuhaku

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I see the reason many fail is due to lack of discipline, moreover sometimes they often use various techniques on one account, if they focus I don't think they will fail.
#256 - March 15, 2023, 09:54:41 PM

Kardel Sharpeye

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The main causes of failure for forex traders include lack of discipline, inadequate risk management, emotional trading, overtrading, and insufficient knowledge or experience. Other factors such as unrealistic expectations, poor trading strategies, and lack of a trading plan can also contribute to failure. Successful traders are able to manage risk effectively, maintain discipline and patience, and stick to a well-defined trading plan. They also continuously educate themselves and adapt to changing market conditions. Avoiding the common pitfalls of forex trading and focusing on building a sustainable and consistent approach can help traders achieve long-term success.
#257 - March 16, 2023, 01:02:16 AM

Vernalta

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must have a high sense of discipline so that it has the quality that actually happened
#258 - March 16, 2023, 01:20:44 AM

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#259 - Today at 02:56:39 PM

kuhaku

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People or traders who call margins because they deposit too little then do scalping with very large lots
#259 - March 17, 2023, 06:40:29 AM

Kardel Sharpeye

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The main causes of failure of forex traders in the market business are lack of discipline, inadequate risk management, emotional trading decisions, insufficient market analysis, and unrealistic expectations. Additionally, overtrading and using high leverage can also contribute to failure.
#260 - March 17, 2023, 06:56:06 AM

Dyandra

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usually you lack the discipline to do something wrong
#261 - March 17, 2023, 08:20:51 PM

Kardel Sharpeye

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1. Lack of knowledge ? Not having the right knowledge and understanding of the Forex market can lead to failure.
2. Not having a strategy ? Many traders don't have an established trading strategy, leading to losses.
3. Not following the strategy ? Even if a trader has developed a strategy, they may not follow it, leading to losses.
4. Over-leveraging ? Using too much leverage can lead to losses if the market moves against the position.
5. Lack of focus ? Not focusing on the markets and not being disciplined can lead to losses.
6. Chasing losses ? Trying to make back losses by taking on more risks can lead to further losses.
7. Emotional trading ? Letting emotions take over trading decisions can lead to losses.
8. Poor money management ? Not managing risk properly can lead to losses.
#262 - March 18, 2023, 04:52:40 AM

kuhaku

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Those who fail are because they don't want to learn and don't want to reduce the risk, try to take less risk so you don't fail.
#263 - March 18, 2023, 05:20:22 AM

Kardel Sharpeye

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1. Lack of discipline: Forex traders often fail due to lack of discipline in their trading. They tend to over-trade, chase losses, and don't stick to their trading plans.
2. Over-leveraging: Using too much leverage can quickly lead to large losses, wiping out a trader's capital.
3. Poor risk management: Forex traders often don't understand proper risk management, which can cause them to take on too much risk and eventually be wiped out.
4. Lack of knowledge: Many traders don't have the necessary knowledge and skills required to succeed in the Forex market.
5. Emotional trading: When traders let their emotions get the best of them, it can lead to poor decision making and ultimately result in losses.
#264 - March 18, 2023, 09:53:45 AM

Nettawa

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not adapting to passr is a big mistake here you should try to be sure
#265 - March 19, 2023, 05:57:27 PM

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#266 - Today at 02:56:39 PM

Kardel Sharpeye

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The main causes of failure in forex trading are lack of discipline, poor risk management, emotional decision-making, and inadequate market knowledge.
#266 - March 20, 2023, 12:06:27 AM

kuhaku

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A trader who is too focused on one source will fail, because when he has no money, he will trade large lots with his trading account. So it's better for traders to have lots of income.
#267 - March 20, 2023, 12:49:54 AM

Vernalta

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When you are not disciplined and lack adaptation, you will forever fail
#268 - March 20, 2023, 05:01:11 AM

Dyandra

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You can learn to try but the mistakes you previously made
#269 - March 21, 2023, 06:08:20 AM

Vernalta

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not discipline makes you less able to concentrate high
#270 - March 22, 2023, 03:45:10 AM
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