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Which Caused the Failure of Trading For A Living in General Forex Discussion_67f83ac065b44

Which Caused the Failure of Trading For A Living

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Vernalta

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When you have high expectations and you can't use them or achieve them, you will be stressed and emotional.
#436 - March 15, 2023, 01:52:58 AM

kuhaku

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Of course due to lack of knowledge, but there are millions of traders who fail even though they have a lot of knowledge but they don't apply their knowledge properly
#437 - March 15, 2023, 02:44:35 AM

Dyandra

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using spending money every day that you use for trading is a big mistake later if you lose it you will regret it
#438 - March 15, 2023, 03:58:04 PM

Kardel Sharpeye

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The failure of trading for a living in Forex trading can be attributed to several factors. Firstly, the majority of traders lack the necessary skills and knowledge to consistently identify profitable trading opportunities and capitalize on them. Secondly, many traders fail to take into account the high degree of risk associated with Forex trading and do not properly manage their risk exposure. Additionally, traders often fail to establish a sound trading plan and/or lack the discipline to strictly adhere to their trading plan. Finally, the Forex market is highly dynamic and requires traders to remain up to date with the latest news, economic events, and market conditions. All of these factors can contribute to the failure of Forex traders to achieve consistent profitability.
#439 - March 16, 2023, 01:20:56 AM

Vernalta

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high expectations make you lose the right momentum
#440 - March 16, 2023, 06:59:06 AM

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Which Caused the Failure of Trading For A Living in General Forex Discussion_6803a6c52eb12
#441 - Today at 09:04:37 AM

Dyandra

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the most common is indeed high expectations because that will make it more difficult for you to win
#441 - March 17, 2023, 03:54:17 PM

Vernalta

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Don't ever use daily money to trade, it's not good.
#442 - March 18, 2023, 06:54:50 AM

Dyandra

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mostly because of high expectations that make it difficult for you to move forward
#443 - March 19, 2023, 07:53:02 AM

Kardel Sharpeye

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The failure of trading for a living in the forex trading business can be attributed to a number of factors. The first and most important factor is lack of experience. Many traders lack the necessary knowledge, skills and experience to successfully trade in the forex market. Without proper knowledge and understanding of the market and its dynamics, it is very difficult to make consistent profits.

Another factor is lack of discipline and risk management. Many traders are too eager to make money and take too much risk, which often leads to losses. In addition, traders often fail to stick to their trading plans, which can be fatal.

The third factor is the lack of capital. Many traders enter the market without enough financial resources, which can limit their ability to trade effectively. Lack of capital can also limit their ability to diversify their portfolio, which can lead to higher risk exposure.

Finally, the fourth factor is the lack of psychological resilience. Even the most experienced and successful traders can experience losses and feelings of anxiety and fear. Without the proper mental strength and resilience, traders can struggle to stay focused on their trading goals and strategies. This often leads to poor decision making, which can be costly.
#444 - March 20, 2023, 02:56:30 AM

Vernalta

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You have to have good expectations so you don't get confused about winning
#445 - March 20, 2023, 03:53:05 AM

Kardel Sharpeye

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The failure of trading for a living in forex trading business can be attributed to a number of factors. The most common are lack of proper education and guidance, lack of proper risk management and money management, over-reliance on technical analysis, and failure to keep up with the market.

When trading forex, it is important to understand the fundamentals of the market, its trends, and its drivers. Without this knowledge, it is impossible to make informed decisions and increase the likelihood of making a profit. Furthermore, proper risk management and money management are essential. This involves setting realistic stop-loss and take-profit levels, and limiting the amount of capital at risk on any one trade.

In addition to this, traders must have a good understanding of technical analysis, and how to interpret the signals generated by various indicators. It is also important to keep up with the ever-changing market conditions. This means staying informed about news and events, and being able to act accordingly.

Finally, trading for a living requires discipline and commitment. It is important to stick to a trading plan and not get carried away with emotions. Greed and fear can lead to costly mistakes. It is also important to remain realistic and accept that losses are part of the game.
#446 - March 20, 2023, 04:59:21 AM

Vernalta

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high expectations make us unable to do the right way and tend to lose
#447 - March 21, 2023, 02:39:02 AM

Dyandra

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high expectations will not make you do something positive instead it will be difficult
#448 - March 22, 2023, 01:14:02 AM

kuhaku

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A large deposit, for example $ 50,000, then you have a good technique, max I'm sure one day you will succeed in making forex as income.
#449 - March 22, 2023, 01:16:35 AM

Nettawa

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if you use high expectations then the results will not be able to make you win
#450 - March 22, 2023, 09:08:56 AM
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