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reasons why traders lose

  • #321
  • Aug 17, 2020 1:41am Aug 17, 2020 1:41am
Quoting Deepak.Dubey
{quote} Quite often, the two most prominent reasons behind losing money in trading. Hope you are a more cautious trader now.
Yup. Now i am alert!
  • #322
  • Aug 18, 2020 4:27am Aug 18, 2020 4:27am
Quoting Hodges
It is good that you have mentioned this topic of fundamental trading. I would absolutely not recommend to any beginner to trade on a news. Even highly experienced traders sometimes make mistake here because of market sentiment.
True, many traders make a mistake because of that. Very important for traders to explore everything they can so that they stay away from losses.
  • #323
  • Aug 18, 2020 5:59am Aug 18, 2020 5:59am
Because of unrealistic expectations.
  • #324
  • Aug 18, 2020 6:30am Aug 18, 2020 6:30am
Quoting blesssing23
Here are some mistakes traders make when trading: 1. Low start up capital Most currency traders start out looking for a way to get out of debt, or to make easy money. It is common for forex marketing to encourage you to trade large lot sizes and trade highly leveraged to generate large returns on a small amount of initial capital. 2. Failure to manage risk Risk...
I completely agree with you. I personally suffer from refusing to be wrong. Currently I am working on it. Sometimes it causes me problem in my trading decision.
  • #325
  • Aug 20, 2020 8:40am Aug 20, 2020 8:40am
The main reason to lose in the forex market is to have low knowledge about the trade and the market.
  • #326
  • Aug 24, 2020 6:46pm Aug 24, 2020 6:46pm
Quoting HisaoFujioka
{quote} I completely agree with you. I personally suffer from refusing to be wrong. Currently I am working on it. Sometimes it causes me problem in my trading decision.
This is the question I ask everyone that approaches me for mentorship "how quick are you at admitting you were wrong?" then "how fast do you admit to your significant other when you are wrong?" Then i tell them the market is "female" and the more humble you are the more profits you will make as you can cut losses quick and let winners run.
  • #327
  • Sep 3, 2020 12:00pm Sep 3, 2020 12:00pm
Quoting 3clipz3
{quote} Then i tell them the market is "female" and the more humble you are the more profits you will make as you can cut losses quick and let winners run.
LOL....Good one....I will have to reconsider my view of the market from now on.
  • #328
  • Sep 10, 2020 3:25am Sep 10, 2020 3:25am
Because of over trading.
  • #329
  • Sep 16, 2020 11:17am Sep 16, 2020 11:17am
I must agree that the hardest thing is to admit to yourself that you are wrong. But in forex trading it could be more than beneficial to a trader. I think that best teacher on forex are your own mistakes, so recognise them and learn from them.
  • #330
  • Sep 16, 2020 11:30am Sep 16, 2020 11:30am
Quoting Hodges
I must agree that the hardest thing is to admit to yourself that you are wrong. But in forex trading it could be more than beneficial to a trader. I think that best teacher on forex are your own mistakes, so recognise them and learn from them.
the most difficult mistakes to correct are the errors of your mind because they fly under the radar. Many traders I've consulted with who struggle in trading tell me things like "I don't know why I did that, or I don't know why i couldn't do that." They just can't figure out what makes them do things, it's like they know they are making mistakes but have no idea how to fix them or stop them. This is also why the minimum requirement is to journal and become an active watcher of yourself.
  • #331
  • Sep 17, 2020 2:44am Sep 17, 2020 2:44am
New traders are their own worst enemies to profitability.
Love to talk on Discord: DividendGamer#1324
  • #332
  • Sep 18, 2020 7:54am Sep 18, 2020 7:54am
Quoting HisaoFujioka
{quote} I completely agree with you. I personally suffer from refusing to be wrong. Currently I am working on it. Sometimes it causes me problem in my trading decision.
Yeah a trader needs to accept loss. At the same he needs to find a way to minimize his loss. Trading is all about how we manage our risk effectively. Effective loss management and discipline can bring success in trading.
  • #333
  • Sep 18, 2020 8:12am Sep 18, 2020 8:12am
True. Whatever one's strategy, it is important to accept that there will be some losses. The idea is to minimize them as much as possible.
  • #334
  • Sep 20, 2020 6:26am Sep 20, 2020 6:26am
Quoting 3clipz3
{quote} the most difficult mistakes to correct are the errors of your mind because they fly under the radar. Many traders I've consulted with who struggle in trading tell me things like "I don't know why I did that, or I don't know why i couldn't do that." They just can't figure out what makes them do things, it's like they know they are making mistakes but have no idea how to fix them or stop them. This is also why the minimum requirement is to journal and become an active watcher of yourself.
Maturity lies, in not just trading but in other things too, in accepting when you are wrong, acknowledging the damage done, and making a resolution of not repeating it.
  • #335
  • Sep 20, 2020 10:29am Sep 20, 2020 10:29am
Quoting Deepak.Dubey
{quote} Maturity lies, in not just trading but in other things too, in accepting when you are wrong, acknowledging the damage done, and making a resolution of not repeating it.
Be careful out there:

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AND

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every Saint has a past. Every Sinner has a Future
  • #336
  • Sep 20, 2020 8:15pm Sep 20, 2020 8:15pm
Never make a profit in trading if you don't believe in yourself. Greed often leads to loss in trading. Greed must be controlled. If the investment is low, there is a possibility of loss. If you don't manage the risk, you may lose. There are many strategies in trading that have to be combined. So if everything cannot be combined, there will be loss.
  • #337
  • Sep 23, 2020 3:12am Sep 23, 2020 3:12am
It is very important to believe in your analysis in trading. It is not possible to be successful in trading without proper money management and risk management. To be successful in trading you need to use a 1: 2 risk-reward. And a maximum risk of 2% for each trade. Those who do not maintain discipline lose in the Forex market.
  • #338
  • Sep 23, 2020 4:33am Sep 23, 2020 4:33am
managing risk and money is really important and its a great skill from all , but i have always a question what you think there is any difference between money and risk management ? its all about same issue ?
  • #339
  • Sep 23, 2020 4:42am Sep 23, 2020 4:42am
https://www.forexfactory.com/thread/...6#post13177776
Be humble or get humbled
  • #340
  • Sep 23, 2020 6:58am Sep 23, 2020 6:58am
i dont think so there is any major difference between tow. its all about same issue , avoiding unfortunate risk and losses when trading in a real account.
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