What are the major causes of failure in forex trading

[esan]

• Overtrading. Overtrading - either trading too big or too often – is the most common reason why Forex traders fail
• Not Adapting to the Market Conditions
• Poor Risk Management
• Not Having or Not Following a Trading Plan
• Unrealistic Expectations

 

[Kinglegend01]

I am not into forex nor do I have any interest in engaging in it but I think one of the major reason for failure in forex is the lack of knowledge of how forex trading works which is why newbies keep loosing money.
Some people think of forex as a quick money scheme where they can make money as fast as possible not knowing that it is more complicated than that.
That is why it is necessary to acquire adequate knowledge and skills before trying forex.

 

[Ehtisham memon]

I don't think about the forex trading it's impatience is losses and monitoring ship is also loose it's a huge Bussiness and many people losses because it's investing in low so he fail it but bitcoin trading in low prizes available and increase day to day but I don't have any about the forex trading

 

[Adebayonle7]

The most common i know is that a lot of people venture into crypto trading without a proper understanding of its fundamentals and skills needed to navigate through successfully and efficiently. On the other hand, others just learn for a few days and then think they're good enough to begin. And they do not just begin, they go beyond just doing the little things that they know and they end up getting themselves in trouble.

 

[Klashlly]

The major causes of failure in forex trading​

The reason many forex traders fail is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces forex traders to take on such huge and fragile financial risk.

 

[Yewande]

Greed. People tend to go into forex and make careless emotionally driven trade. Most people that fail in forex are impatient to learn the science involve in trading currency. Some trade without prior knowledge and end up failing in the market. Others may be unforeseen event

 

[DaveAwesome]

There are many causes of failure in the forex market but I will list the three most deadly causes
1) Greed
2) No proper risk management
3) Trying to Earn without learning

Post automatically merged: Jan 21, 2021

There are many causes of failure in the forex market but I will list the three most deadly causes
1) Greed
2) No proper risk management
3) Trying to Earn without learning

 

[Thosynho]

Forex trading is profitable despite the many risk involved, while many have made huge profits from the market, many other are counting the loses daily.

But what are the major causes of failure in forex market especially for young trader?

I will list 3 that I know of:

1. Impatience in the learning stages.
2. Lack of proper mentorship.
3. "Make it fast" syndrome.

What other things do you think is are the causes??

There are lots of reasons responsible for failure in forex trading. Some of them include greed. When you are too greedy, you can easily fail in your trade because the profit you are making in a trade can blindfold you and cause you to continue when you ought to withdraw. Also, over confidence too.

 

[Henrywrites]

I have seen a lot of ads about Forex trading but they are more like prediction and it's not what I think Forex is all about.

I'm still looking at who would mentor me on how to trade myself.

Not having a good mentor will wreck one of there hard earned resources in no distant time. This is one big challenge you will get by trading in Forex alone with a mentor. So, it is very important that you relax and wait for who can mentor you in order to have a better understanding of how forex works.

 

[Kelly5]

Forex trading is profitable despite the many risk involved, while many have made huge profits from the market, many other are counting the loses daily.

But what are the major causes of failure in forex market especially for young trader?

I will list 3 that I know of:

1. Impatience in the learning stages.
2. Lack of proper mentorship.
3. "Make it fast" syndrome.

What other things do you think is are the causes??

There are many reasons people keep on failing in forex trading. One among such failings which infact is a major one is greed. Greed makes you think the profits you've made or have been making will stay constantly increasing, untill you loose all your money.

 

[iamgroot]

Forex trading is profitable despite the many risk involved, while many have made huge profits from the market, many other are counting the loses daily.

But what are the major causes of failure in forex market especially for young trader?

I will list 3 that I know of:

1. Impatience in the learning stages.
2. Lack of proper mentorship.
3. "Make it fast" syndrome.

What other things do you think is are the causes??

Misuse of assets properly.
Going all-in which lead them to lose all of assets in blink of an eye
Lack of proper mentorship like you said, it is like going on solo despite of being newbie on forex trading.
Greediness.
All they want is fast money, the result, negative profit and balance.

 

[Seun4luv]

The reason for failure in forex is that they are undercapitalized in relation to the size of the trades they make. It is either greed or the prospect of controlling vast amounts of money with only a small amount of capital that coerces forex tradesto take on such huge and fragile financial risk

 

[Rainlover207]

A successful forex trader must be able to exhibit a high level of discipline. This will help combat the greed nature and the tendency to learn only halfway before venturing into the real thing. He must be able to take reasonable amount of risks.

 

[Rimsha kanwal]

Forex trading is profitable despite the many risk involved, while many have made huge profits from the market, many other are counting the loses daily.

But what are the major causes of failure in forex market especially for young trader?

I will list 3 that I know of:

1. Impatience in the learning stages.
2. Lack of proper mentorship.
3. "Make it fast" syndrome.

What other things do you think is are the causes??

Trading addiction is another reason why Forex traders tend to lose money. They do something institutional traders never do: chase the price. Forex trading can bring a lot of excitement. With short-term trading intervals, and volatile currency pairs, the market can be fast paced and cause an influx of adrenaline. It can also cause a huge amount of stress if the market moves in an unanticipated direction.

 

[Kiko]

It is said that the failure rate in the forex industry is very high, with more than half of aspiring traders expected to drop out of the game within their first few years of trading. They don’t listen to the market. They don’t enjoy trading, and lastly, they set unrealistic expectations.

 

[Heatman]

Not having a good mentor will wreck one of there hard earned resources in no distant time. This is one big challenge you will get by trading in Forex alone with a mentor. So, it is very important that you relax and wait for who can mentor you in order to have a better understanding of how forex works.

Some people always believe that they can do everything without the proper guide and to think that they will try it with forex trading is very crazy. Forex trading isn't something you learn online or watching YouTube videos, you need proper lesson to be good at it.

 

[Henrywrites]

Some people always believe that they can do everything without the proper guide and to think that they will try it with forex trading is very crazy. Forex trading isn't something you learn online or watching YouTube videos, you need proper lesson to be good at it.

It's laughable to see people think that everything can be learnt on the internet. If you have noticed, you won't achieve everything by learning online. There are things you have to focus on and as long as forex trading is concerned, an offline mentor or a serious online mentor is key.

 

[Heatman]

It's laughable to see people think that everything can be learnt on the internet. If you have noticed, you won't achieve everything by learning online. There are things you have to focus on and as long as forex trading is concerned, an offline mentor or a serious online mentor is key.

I can remember when I was still new at freelance writing jobs, I tried doing it all on my own without no one guiding me and I made a mess of things that almost cost me my account. It was when I was eye opened on the importance of having a mentor.

 

[Kehinde]

1. Seek Shelter in a Community Sharing Similar Values.
2. Offer to Work for Free Lodging.
3. Head Out Into the Wild.
4. Build an Earthship or Go Couchsurfing.
5. Barter for Everything.
6. Traveling for Free.
7. Repair Things for Free.
8. Go Freegan.

 

[Heatman]

It is said that the failure rate in the forex industry is very high, with more than half of aspiring traders expected to drop out of the game within their first few years of trading. They don’t listen to the market. They don’t enjoy trading, and lastly, they set unrealistic expectations.

Exactly, most people especially those who are new to forex trading seems to be very greedy with how they trade. They don't know how to work with their margins of profit and loses which makes they act in a greedy way and tend to lose a lot of money.