I plan to quit forex! | Page 74 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Should I quit trading forex? 219 replies

How many pips or % to quit? 17 replies

Quit Job , go Back to School, Trade Forex? 33 replies

bad position - quit now or wait ? 14 replies

Attachments: I plan to quit forex!
Exit Attachments

I plan to quit forex!

  • #1,461
  • Nov 11, 2019 6:42am Nov 11, 2019 6:42am
Quoting Akram4899
{quote} thanks my friend hope you are right going to take time

i have faith in you, it takes time & persistence, the first problem most people have is they dont know where they are going wrong. once you know the root of the problem your attention should be to fix that before moving on keep it going
  • #1,462
  • Nov 22, 2019 11:43am Nov 22, 2019 11:43am
quit from trading is just short term approach,

nothing without it.
  • #1,463
  • Dec 9, 2019 1:35am Dec 9, 2019 1:35am
when we lose from trading then we demotivate fro this stock market and leave the trading , but after passing sometimes we accumulate some motivation and again kick off trading , really there is no way to quit from Forex at all, its all about addiction.
  • #1,464
  • Dec 9, 2019 3:41am Dec 9, 2019 3:41am
yes, we cant leave totally this market place , because in spite of having much losses there is always a hope. its the main issue
  • #1,465
  • Dec 11, 2019 7:14am Dec 11, 2019 7:14am
True. But one should also consider whether trading is good for them or not, if not, there's nothing wrong with quitting.
  • #1,466
  • Jan 3, 2020 2:33pm Jan 3, 2020 2:33pm
Quoting mlawson71
True. But one should also consider whether trading is good for them or not, if not, there's nothing wrong with quitting.
It’s a good option then; since it’s a mental game so, the challenging part is really high here!
  • #1,467
  • Jan 4, 2020 9:01am Jan 4, 2020 9:01am
It's a psychological game too and some just struggle psychologically to trade without undue stress.
  • #1,468
  • Jan 4, 2020 10:30am Jan 4, 2020 10:30am
Quoting mlawson71
It's a psychological game too and some just struggle psychologically to trade without undue stress.
Mental pressure is always here; even if you have a good trading skill, till now you’ll have it but with low power!
  • #1,469
  • Jan 5, 2020 8:45am Jan 5, 2020 8:45am
Quoting ZikriIrfan
{quote} Mental pressure is always here; even if you have a good trading skill, till now you’ll have it but with low power!
Sadly, that's true. If one doesn't learn the emotional discipline to remain detached while trading their results won't be as good as they could be.
  • #1,470
  • Jan 6, 2020 8:30pm Jan 6, 2020 8:30pm
Emotions always play a big role in Forex, if you can not manage it then there may be problems in trading, and profitable trades will be less.
  • #1,471
  • Jan 7, 2020 8:23am Jan 7, 2020 8:23am
Quoting Butterscotch
Emotions always play a big role in Forex, if you can not manage it then there may be problems in trading, and profitable trades will be less.
True. If there are profitable trades at all.
  • #1,472
  • Jan 7, 2020 9:38am Jan 7, 2020 9:38am
Quoting Butterscotch
Emotions always play a big role in Forex, if you can not manage it then there may be problems in trading, and profitable trades will be less.
we cant ignore emotions at all , becz its a common human nature. its our best friend. so should keep with that in cool mind.
  • #1,473
  • Jan 10, 2020 11:18am Jan 10, 2020 11:18am
One of the most important aspects of trading is indeed emotional control. If trading goes well, don't get cocky. That will lead to mistakes. If trading goes wrong, learn why it is going bad. Stay humble friends and be honest to yourself.
Though one thing that is less talked about is knowledge & strategy. Simple retail trading will not bring you far. This system is not build for us. You need to know where the big money is going. Once you know that, you will see big differences in your pips, profitability and of course money.
  • #1,474
  • Jan 14, 2020 8:56pm Jan 14, 2020 8:56pm
Quoting fxstaton
I have no luck in forex. Initial period I get profit, and few months all profits and capital are gone. I think I am not suitable in forex and will quit all and back to work
Is there luck in forex?
  • #1,475
  • Jan 15, 2020 8:50am Jan 15, 2020 8:50am
If forex was about luck it would just be gambling, I think.
  • #1,476
  • Jan 15, 2020 9:26am Jan 15, 2020 9:26am
Quoting mlawson71
If forex was about luck it would just be gambling, I think.
If you are not right that's what stop loss is for... And moreover we can't get our hands on much data that's why most people fail I think, and sometimes it is just simply laziness
  • #1,477
  • Jan 15, 2020 9:52am Jan 15, 2020 9:52am
Quoting flockofpips
{quote} Is there luck in forex?
what is actually luck , its really a complicated issue at any work or personal life. lots of dispute there is about luck. by the way , in Forex trading sometimes its more appropriate to depend on luck because most of the time market moves at random and in spite of having good knowledge and experience thats not possible to predict the market with certainly. so of course very sometimes you have to depend on luck but with after great effort.
  • #1,478
  • Jan 17, 2020 4:11am Jan 17, 2020 4:11am
I think during such cases when traders feel like giving up, they should try to recall what attracted them first to trading, accept that forex is not get rich quick scheme and develop a sound trading plan.
  • #1,479
  • Jan 17, 2020 7:59am Jan 17, 2020 7:59am
Or quit indeed, if they decide trading is not for them. There is no embarrassment in knowing oneself.
  • #1,480
  • Jan 17, 2020 9:48am Jan 17, 2020 9:48am
Quoting MarkFxAnde
{quote} what is actually luck , its really a complicated issue at any work or personal life. lots of dispute there is about luck. by the way , in Forex trading sometimes its more appropriate to depend on luck because most of the time market moves at random and in spite of having good knowledge and experience thats not possible to predict the market with certainly. so of course very sometimes you have to depend on luck but with after great effort.
There is nothing like luck in forex if you are not sure of your entry then you are gambling... There are lot of reasons people fail in forex example is want to make 1000 pips in a day.... Moreover I don't think day trading is even a good idea unless you just want to make 2% of your account and you have a strategy for it.... There is no edge or grail in forex. If you are right 60-70% then you are good to go. I notice stop loss and patience is some peoples problem. Rules are to be follow... Let me ask you... Are you technical trader or fundamental trader?
1 trader viewing now