Reasons why traders fail in Forex

[Pamadar]

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.

[wxa7115]

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.

[socks435]

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.

[Gozie51]

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.

[hendra147]

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

[pajak666]

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.

[Ridwan Fauzi]

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.

[Janation]

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?

[Savemore]

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.

[kro55]

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.

[Oilacris]

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.

[TitanGEL]

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.

[Karmakid]

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.

[wxa7115]

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.

[FLoving]

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.

[stomachgrowls]

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.

[FanEagle]

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.

[rijaljun]

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.

[SquallLeonhart]

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.

[bitcoin31]

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.