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The Top 10 Reasons for a Forex Trader's Failure
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Some of my Forex charts consistently fail to load. Anyone know how to fix it?
For some reason there are a few charts in my Forex watch list that just...won't load. They'll be flat lines with one dramatic spike, and that's it. I've tried restarting my computer, opening/closing TOS, deleting/adding them from my watch list--nothing. The other charts in my list load just fine. Any idea why this happens and how to fix it? https://imgur.com/a/ZKJJUEp
Knowing what you should not do is a stepping stone for success! Know why traders fail in forex trading. #tradesetup #capitalamount #winningrate #forextrading #tradersfail #marketsearning #profit #traderpulse
http://twitter.com/forex_in_world/status/1283587868582174727AUD/USD Brand Diagnosis: China GDP fails to purchase the bulls around 0.7000 https://t.co/jKQVos7bGT— FOREX IN WORLD (@forex_in_world) July 16, 2020
Is forex scalable? bad risk management #1 reason why people fail? Less than a year of paper trading?
When I think of investing a lot of time into getting good at something I want it to have potential to be scaled up to the moon. When getting into commerce for example, I can open stores at many different locations. I've seen a lot of people saying that traders who know what they are doing can hope for 15-20% profit a month. With that math, good trader can turn $1000 into 700k in just 3 years and later and at the end of 4th year that number would be at $6m. Of course I don't believe it is possible. I just want to know what's the potential endgame? and how many years does it take for people to reach it? I'd assume in forex volume of trades done each minute is really damn big. What stops someone from putting in 100k, 500k or $1m on a single position and seeing fairly similar results as if he put only $1k?
Next question is about risk managment. When reading various posts I've seen many people acknowledging the fact that they didn't implement proper risk managment strategy when they first started which was one, if not the biggest reason why it took them longer before they saw satisfying results. Is risk management as simple as for example always S/L @ -1% and P/T @ 1.5%? If I stick to it from the beginning and always get out at 1% loss. Can it potentially drastically improve my chances of becoming good at it faster? Are people with the right mindset who don't get tilted as easily and turn off their emotions during trading, set up, for the higher success ratio?
and lastly, for how long should one paper trade? Is it doable to learn enough about forex to see positive results with real cash in 6-12 months? Not that I have anything else to do during covid. I would assume copying working strategies, learning patterns and how to analize charts shouldn't take longer than that
http://twitter.com/forex_in_world/status/1265589323535208448EUR/USD Analysis: Once again fails near multi-week trading range hurdle, ahead of 1.10 mark https://t.co/uXFGA8L73N— FOREX IN WORLD (@forex_in_world) May 27, 2020
http://twitter.com/forex_in_world/status/1263733832311808000EUR/USD Analysis: Once again fails near 200-DMA amid escalating US-China tensions https://t.co/El6iszwfw0— FOREX IN WORLD (@forex_in_world) May 22, 2020
http://twitter.com/forex_in_world/status/1275374558124670976GBP/USD Analysis: Risk-on mood, upbeat UK PMIs failed to impress bulls https://t.co/8rmFjbC2Dd— FOREX IN WORLD (@forex_in_world) June 23, 2020
The Fed fails to inspire the markets as FX remains range-bound. Despite strong earnings from Apple, US equities fail to hold on to early gains. All eyes now on the Bank of England. | Forex News & Analysis | TIOmarkets Blog
I feel I really need help. I give up extremely easily, believing that I can't do anything useful. I fear for my future; I don't even know what I'm going to do for a job. There are some days that I just get so fearful and depressed about everything and anything that I need to catch a break from breaking down further - but what can I say to my superior? That I'm depressed and I need a break from work? That's not how it works. I can't quit this "job" either. I'm a conscript in the army, where all the mentally-strong people are. I have a Diploma in Mechanical Engineering, but after studying that for a while, I realised I'll probably quit halfway through thanks to my weak-will. My grades aren't that good either, so I won't probably get a job. I'm getting paid peanuts. My mum is in her 60s, and she's still working her ass off to support me. I need to find a proper job, but I can't, because moonlighting is against the rules. I've tried my luck with Forex, failed horribly. Bought lottery in hopes of winning some cash to at least give my mum and myself a better life - that went worse. I'm lost. My psychiatrist doesn't listen - all he does is give me medication. My psychologist was a guy that looked at me as if he was only there for a salary. My GP talks in a tone that seems to doubt me in every way possible. I'm lost. I'm too much of a pussy to kill myself, even though I want to. I heard drugs would help, but I don't want to get arrested. I still have one year more to go in this hell-hole where regimentation and discipline is above all else. All they think of me is that I'm malingering. I really wish there was some physical test to diagnose depression to prove them wrong. That's all I have to say. I feel this is the only place I can get it all out. If I posted this on Facebook, heck, I'd only be teased and laughed at. Fuck this world.
Lack of Preparation . One of the most common factors why forex traders fail would be a lack of preparation. This lack of preparation tends to stem from several different avenues but perhaps the most relatable one stems as an outcome that trading is oftentimes portrayed as being much less difficult than it truly is. Letting the emotions of greed, fear and hope dictate your trading activity is one of the major reasons why most forex traders fail. Excitement. The emotion of excitement can often arise after a trader has made a winning trade or when the market moves sharply when a trader has a position causing a burst of adrenalin. The failure rate of new Forex traders has been estimated to be as high as 95%. Why is this rate so high? What are some of the reasons for this failure. Listed below are some of the most common reasons why Forex traders fail in their quest to become Forex millionaires in FX trading, we go into greater detail on each topic down below. Why Newbies fail in Forex Trading? By admin Posted on May 4, 2020 May 9, 2020 The foreign exchange market is the world’s largest economic market, with an average daily transaction volume of more than 5 […] Forex Trading Failure – Why Most Traders Fail - Most aspiring forex traders unfortunately do not ever achieve the success they desire when starting out. There are a number of psychological errors at work here that contribute to failure in the forex market. This article will focus on one of the primary psychological errors that hold traders back from achieving their desired results; over ...
DONT GIVE UP - SEE Forex accounts getting blown - forex brokers taking money from forex traders - forex fails. FOREX ACCOUNTS BLOWN - FOREX BROKERS MAKING MO... 7th june 2019 ..NFP. BLOWING MY ACCOUNT . Forex trading DONT GIVE UP - SEE Forex accounts getting blown - forex brokers taking money from forex traders - forex fails. Forex accounts blown - forex accounts getting ... Roughly, 97% of FOREX TRADERS fail. Which is why MOST online GURU'S are SELLING YOU COURSES! Now that we've established that... Let's get into the REAL REASON why 97% of FOREIGN EXCHANGE traders FAIL. I dare you to fail. If you want to make a change in your life, take the time to watch this. The best motivational video for traders. ... Real Forex Trader 2: Creating Successful Traders - The ...