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reasons why traders lose

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  • Post #361
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  • Dec 19, 2020 12:06pm Dec 19, 2020 12:06pm
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
Quoting ViktorDanie
Disliked
{quote} True. However, it is also hard to control. Because we are human and we all have emotion.
Ignored
That is where experience comes into play. One learns to trade, and one learns to remain in control.
 
 
  • Post #362
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  • Dec 20, 2020 2:52am Dec 20, 2020 2:52am
  •  Majeeda
  • | Additional Username | Joined Sep 2017 | 217 Posts
last week i did hugely losses in news due to lack fo exact fundamental knowledge, actually i spend lot of time to trade well during news but still fail.
 
 
  • Post #363
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  • Dec 20, 2020 5:23am Dec 20, 2020 5:23am
  •  DarrenLehma
  • | Additional Username | Joined Mar 2017 | 490 Posts
you can use Forex factory economic calendar which is the best source to bring profit during news , happy news trading.
 
 
  • Post #364
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  • Dec 20, 2020 6:54am Dec 20, 2020 6:54am
  •  allinazi
  • Joined Jul 2017 | Status: Member | 449 Posts
Quoting DarrenLehma
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you can use Forex factory economic calendar which is the best source to bring profit during news , happy news trading.
Ignored
rubbish... markets doesn't care right now about economic data ... all central banks have slashed interest rates...

this is why traders lose they dont know what the themes and drivers of the market

right now .. its about stimulus and brexit deal no deal nothing else
Track record - https://www.fxblue.com/users/24423
 
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  • Post #365
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  • Dec 20, 2020 6:54am Dec 20, 2020 6:54am
  •  allinazi
  • Joined Jul 2017 | Status: Member | 449 Posts
Quoting Majeeda
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last week i did hugely losses in news due to lack fo exact fundamental knowledge, actually i spend lot of time to trade well during news but still fail.
Ignored

which news?
Track record - https://www.fxblue.com/users/24423
 
 
  • Post #366
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  • Dec 20, 2020 4:25pm Dec 20, 2020 4:25pm
  •  Niels.Lar
  • | Additional Username | Joined Jul 2020 | 130 Posts
Quoting Majeeda
Disliked
last week i did hugely losses in news due to lack fo exact fundamental knowledge, actually i spend lot of time to trade well during news but still fail.
Ignored

It is better to avoid trading during news release if you are trading with technical analysis.
 
 
  • Post #367
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  • Dec 20, 2020 9:24pm Dec 20, 2020 9:24pm
  •  DeanLittler
  • | Additional Username | Joined Jul 2020 | 129 Posts
One of our main problems is that we can't accept the loss. A trader who cannot accept losses will never succeed in trading. There will be a loss, but you have to cover that loss with a positive mindset.
 
 
  • Post #368
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  • Dec 21, 2020 4:57am Dec 21, 2020 4:57am
  •  NathanAstel
  • | Additional Username | Joined Apr 2018 | 459 Posts
if we cant take losses as a regular part it will be a great problem , because loss is a thing that we the traders of course have to face because its a very common thing .
 
 
  • Post #369
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  • Dec 21, 2020 5:16am Dec 21, 2020 5:16am
  •  AlexImam
  • | Additional Username | Joined Apr 2018 | 323 Posts
most of the time i losses during news , may be its my lack of fundamental knowledge, actually without real powerful fundamental knowledge there is no way to bring profit during news at all.
 
 
  • Post #370
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  • Dec 21, 2020 6:01am Dec 21, 2020 6:01am
  •  HisaoFujioka
  • | Additional Username | Joined Jul 2020 | 131 Posts
Most traders think that a holigrail strategy can give them constant profit. But there are more important things like Psychology and risk management. Good trading is the combination of all these. You have to learn all the skills. You can't ignore any of them.
 
 
  • Post #371
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  • Dec 21, 2020 6:17am Dec 21, 2020 6:17am
  •  NeilWagner
  • | Additional Username | Joined Mar 2017 | 484 Posts
the strategy is really important for all kinds of traders but it can be useless if there is no regular money management. so we have to emphasize on this money management.
 
 
  • Post #372
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  • Dec 22, 2020 3:17am Dec 22, 2020 3:17am
  •  NathanAstel
  • | Additional Username | Joined Apr 2018 | 459 Posts
money management an risk management is all about same issue or there is any major difference ? its a very complicated issue to answer.
 
 
  • Post #373
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  • Dec 22, 2020 3:38am Dec 22, 2020 3:38am
  •  AlexImam
  • | Additional Username | Joined Apr 2018 | 323 Posts
the main purpose to money and risk management to avoid unfortunate risk and losses.
 
 
  • Post #374
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  • Dec 22, 2020 4:12am Dec 22, 2020 4:12am
  •  NeilWagner
  • | Additional Username | Joined Mar 2017 | 484 Posts
yes it is , but sometimes any trading plan or approach not works in practice, because there is no one who can predict the market with certainly.
 
 
  • Post #375
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  • Dec 22, 2020 10:11am Dec 22, 2020 10:11am
  •  SamGoi
  • | Additional Username | Joined Aug 2020 | 109 Posts
Proper Money Management and Risk Rewards can help you make trading profits. Greed and fear must be given up or success will never be achieved.
 
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  • Post #376
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  • Dec 22, 2020 1:18pm Dec 22, 2020 1:18pm
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
Quoting SamGoi
Disliked
Proper Money Management and Risk Rewards can help you make trading profits. Greed and fear must be given up or success will never be achieved.
Ignored
I agree. Do you have any advice about how to manage one's risk?
 
 
  • Post #377
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  • Jan 1, 2021 12:44am Jan 1, 2021 12:44am
  •  HisaoFujioka
  • | Additional Username | Joined Jul 2020 | 131 Posts
Loss is inevitable in forex trading. And it gives pain no doubt. Actually no one learn how to accept loss. You have to learn how to overcome loss. Successful traders focus on their risk reward ratio and winning trade percentage. So you should have a well defined trading system that includes everything very clearly.
 
 
  • Post #378
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  • Jan 1, 2021 1:00am Jan 1, 2021 1:00am
  •  MarcoDresner
  • | Additional Username | Joined Jul 2020 | 131 Posts
To make profit you require an expert mentality and aptitudes. Without abilities steady profit isn't conceivable. Most traders overlook this basic thing. They keep running for procedure without making themselves proficient.
 
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  • Post #379
  • Quote
  • Jan 1, 2021 10:20am Jan 1, 2021 10:20am
  •  mlawson71
  • | Additional Username | Joined Dec 2015 | 3,529 Posts
Many newbie traders think they'd start trading and start making money within weeks - that is often the result of unethical trading on the brokers' part.
 
 
  • Post #380
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  • Jan 1, 2021 11:50am Jan 1, 2021 11:50am
  •  Niels.Lar
  • | Additional Username | Joined Jul 2020 | 130 Posts
Quoting lop
Disliked
Sorry, I didn't read the whole thread but the 2 main reasons traders lose are lack of discipline and emotions.
Ignored
I also agree with you. Emotion is the main reason for failure in trading.
 
 
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