Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Which Caused the Failure of Trading For A Living

Which Caused the Failure of Trading For A Living in General Forex Discussion_6825f0acc9f09

Which Caused the Failure of Trading For A Living

Discussion started on General Forex Discussion

Print
Pages: 1 [2] 3 4 ... 74   Go Down

Alim muntolib

  • Full Member
  • Posts: 240
  • Points: 0
  • Likes Received: 17
  • Reputation: +0/-0
Quote from: Aranchar on February 10, 2019, 04:25:06 PM
I see a lot for beginners who are only looking for techniques that are really good and 100%

I think there is no perfect technique in forex
there is no one hundred percent technique, but with only 60% if we are disciplined in applying money management and don't ever violate the trading system that we have made, I am sure it can be consistent profit
#16 - February 10, 2019, 04:40:53 PM

Aranchar

  • Full Member
  • Posts: 227
  • Points: 0
  • Likes Received: 12
  • Reputation: +1/-0
Quote from: Alim muntolib on February 10, 2019, 04:40:53 PM
there is no one hundred percent technique, but with only 60% if we are disciplined in applying money management and don't ever violate the trading system that we have made, I am sure it can be consistent profit
well this is what traders often forget
they are just perfect messing up
all the techniques on the basis are the same
equally profitable

and a good MM will take care of their account too
#17 - February 10, 2019, 04:43:16 PM

Jaya hendra

  • Jr. Member
  • Posts: 89
  • Points: 0
  • Likes Received: 8
  • Reputation: +1/-0
Quote from: zanurreload on February 09, 2019, 11:20:06 PM
Here are some mistakes that can cause you to fail to 'trade for a living':

1. Unrealistic expectations.

These unrealistic targets will cause you to over-trade or take too high a risk to achieve it, which will eventually destroy your account. To get consistent results you must focus on the process in trading, not on the end result that you expect.

2. Trading by using funds for daily needs or loan funds.

Using funds for daily needs means that traders are required not to lose so that emotional involvement will be far greater than if using funds that are not used (disposable money). Not infrequently, traders who use loan funds or credit cards so mentally will add to the burden if it turns out to have a loss.

3. Insufficient knowledge and trading experience.

What traders often experience is too quickly switching to real accounts with insufficient knowledge and minimal trading experience. They think the experience and knowledge of trading will be learned on the fly, but in reality it is difficult to do because the focus of the trader's attention will ultimately be on how to make the biggest possible profit in a short time.

Your statement above is in me, I still do not understand the so-called forex technique and feel stressed because I always lose. I try to control my emotions but I have not been able to. do you think I am still worthy of forex what do I have to leave this business ??
#18 - February 10, 2019, 04:51:51 PM

Sponsored

Which Caused the Failure of Trading For A Living in General Forex Discussion_6803a6c52eb12
#19 - Today at 03:22:39 AM

ariezz

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
The 3 things that you mentioned seemed not only to be an obstacle being a tarder for living but also a barrier to becoming a trader itself. Especially thing number 3 is very influential on our success in trading on forex.
#19 - February 10, 2019, 05:22:18 PM

Hisbul Maulana Fahmi

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 23
  • Reputation: +0/-0
In my opinion, most traders who fail are too pressing to be able to make a profit or make an unrealistic target, so the trade will be stressful and the results will definitely be a continuous loss. Many hope that with small capital but want big profits in a short time So that it will be frustrating and eventually the trade will fail, so the most important thing is we must have the knowledge first, do not get into the forex trading.
#20 - February 10, 2019, 06:36:05 PM

lukmannuur

  • Newbie
  • Posts: 40
  • Points: 0
  • Likes Received: 4
  • Reputation: +0/-0
Quote from: Hisbul Maulana Fahmi on February 10, 2019, 06:36:05 PM
In my opinion, most traders who fail are too pressing to be able to make a profit or make an unrealistic target, so the trade will be stressful and the results will definitely be a continuous loss. Many hope that with small capital but want big profits in a short time So that it will be frustrating and eventually the trade will fail, so the most important thing is we must have the knowledge first, do not get into the forex trading.
in my opinion, what makes some traders fail in trading for living is failing to resist greed. I found many traders who were disciplined and able to control their emotions, but they failed to fight their greed and made them experience heavy losses in trading.
#21 - February 10, 2019, 08:33:20 PM

Hisbul Maulana Fahmi

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 23
  • Reputation: +0/-0
Quote from: lukmannuur on February 10, 2019, 08:33:20 PM
in my opinion, what makes some traders fail in trading for living is failing to resist greed. I found many traders who were disciplined and able to control their emotions, but they failed to fight their greed and made them experience heavy losses in trading.
therefore in the world of forex trading must have provisions for ourselves, patience, sincerity is important to maintain our emotions, so yes depends on us alone can or not control it
#22 - February 10, 2019, 09:22:09 PM

poer

  • Jr. Member
  • Posts: 83
  • Points: 0
  • Likes Received: 21
  • Reputation: +0/-0
Quote from: zanurreload on February 09, 2019, 11:20:06 PM
Here are some mistakes that can cause you to fail to 'trade for a living':

1. Unrealistic expectations.

These unrealistic targets will cause you to over-trade or take too high a risk to achieve it, which will eventually destroy your account. To get consistent results you must focus on the process in trading, not on the end result that you expect.

2. Trading by using funds for daily needs or loan funds.

Using funds for daily needs means that traders are required not to lose so that emotional involvement will be far greater than if using funds that are not used (disposable money). Not infrequently, traders who use loan funds or credit cards so mentally will add to the burden if it turns out to have a loss.

3. Insufficient knowledge and trading experience.

What traders often experience is too quickly switching to real accounts with insufficient knowledge and minimal trading experience. They think the experience and knowledge of trading will be learned on the fly, but in reality it is difficult to do because the focus of the trader's attention will ultimately be on how to make the biggest possible profit in a short time.

I really agree with this. this is also what I often do ... hopefully in the future it will be better. can be consistent wd ,. amen
#23 - February 10, 2019, 10:22:23 PM

ryanhs12

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 12
  • Reputation: +0/-0
Quote from: rinshei on February 10, 2019, 09:37:01 AM
trading for living is okay if you know very well the market and you got consistent profit, these 3 thing u said is definetely for newbie trader, they dont know much about trading and set unrealistic target trading for living ahaha
its so hard to make trading for living cause a master still have a margin call sometimes, in forex we can make a month salary but for trading for living thats so hard
#24 - February 11, 2019, 03:28:32 AM

rinshei

  • Sr. Member
  • Posts: 342
  • Points: 0
  • Likes Received: 78
  • Reputation: +1/-0
Quote from: ryanhs12 on February 11, 2019, 03:28:32 AM
its so hard to make trading for living cause a master still have a margin call sometimes, in forex we can make a month salary but for trading for living thats so hard
yeah thats why some people do forex as a side job to get some extra money rather than trade for living, because its will be hard to get constant profit 
#25 - February 11, 2019, 03:32:13 AM

Sponsored

#26 - Today at 03:22:39 AM

ryanhs12

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 12
  • Reputation: +0/-0
Quote from: rinshei on February 11, 2019, 03:32:13 AM
yeah thats why some people do forex as a side job to get some extra money rather than trade for living, because its will be hard to get constant profit
but im full trader bro cause so hard to find job in my country, but I don't want to be greedy I just take a little profit from forex
#26 - February 11, 2019, 03:34:35 AM

Alim muntolib

  • Full Member
  • Posts: 240
  • Points: 0
  • Likes Received: 17
  • Reputation: +0/-0
Quote from: ryanhs12 on February 11, 2019, 03:34:35 AM
but im full trader bro cause so hard to find job in my country, but I don't want to be greedy I just take a little profit from forex
Is that right bro, if you are already an expert in forex, why are you looking for another job again? in my opinion the most important thing is that it can be consistently profitable that it's more than enough
#27 - February 11, 2019, 04:00:56 AM

ryanhs12

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 12
  • Reputation: +0/-0
Quote from: Alim muntolib on February 11, 2019, 04:00:56 AM
Is that right bro, if you are already an expert in forex, why are you looking for another job again? in my opinion the most important thing is that it can be consistently profitable that it's more than enough
im not a professional trader bro lol im a newbie bro, i dont have a job cause in my country very hard to find a new job read my statement carefully bro.
#28 - February 11, 2019, 04:02:46 AM

Alim muntolib

  • Full Member
  • Posts: 240
  • Points: 0
  • Likes Received: 17
  • Reputation: +0/-0
Quote from: ryanhs12 on February 11, 2019, 04:02:46 AM
im not a professional trader bro lol im a newbie bro, i dont have a job cause in my country very hard to find a new job read my statement carefully bro.
oh I see, what country are you, how come you don't find a new job, if I don't find a job then I will create the job myself.
#29 - February 11, 2019, 05:06:55 AM

ryanhs12

  • Full Member
  • Posts: 125
  • Points: 0
  • Likes Received: 12
  • Reputation: +0/-0
Quote from: Alim muntolib on February 11, 2019, 05:06:55 AM
oh I see, what country are you, how come you don't find a new job, if I don't find a job then I will create the job myself.
wow great bro create job in yourself i wish you luck in your job
#30 - February 11, 2019, 05:08:03 AM
Print
Pages: 1 [2] 3 4 ... 74   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Which Caused the Failure of Trading For A Living

Members:

0 Members and 1 Guest are viewing this topic.


Which Caused the Failure of Trading For A Living in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity:


Kraken Crypto Trading