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Why do we still lose?

  • #81
  • Nov 11, 2021 1:27am Nov 11, 2021 1:27am
Quoting Bryn23
Sometimes I wonder why we still lose when so many information is readily available and so many strategies and skills abound everyday. Why do we still fail?
I think if overall you are in profit, then it can count as winning.
Forex and so is almost everything in life is a long- term game.
You can't judge it by how it is at the moment but how things has developped throughout the time.
  • #82
  • Nov 22, 2021 3:57am Nov 22, 2021 3:57am
Inattention, misunderstanding of the moment. There can be many reasons.
  • #83
  • Nov 26, 2021 6:16am Nov 26, 2021 6:16am
The information which is available readily on the internet is everyone’s attempt at understanding the market. However, the market is dynamic in nature, you can’t predict every right move even with all the information available. It’s a zero sum game, with your loss someone else is making money. If something doesn’t work for you, it has worked for someone else.
  • #84
  • Nov 30, 2021 1:06am Nov 30, 2021 1:06am
I think that the answer to your question is pretty simple: because it is not enough just to have the knowledge and information about the market and trading process. What is more important is the ability to be able to implement the knowledge and insights on practice. Everybody knows that buying high and selling low is a bad idea but everyone still does it. That is why tradinf is more like a skill rather than knowledge in a sense that you can be extremely smart, but you will not be a success if you fail to use this knowledge to make profits. More than that, there is so much information on the Internet and not all of it is credible enough. It is still hard to find something trustwoerthy and reliable as the Internet is full of trash which will never bring you any returns. Therefore we can come to the conclusion that it is not only about consuming the information but also about filtering the knowldge which can really make you rich.
  • #85
  • Dec 16, 2021 6:34am Dec 16, 2021 6:34am
Making money is not the only side of forex trading. Losing plays an equal role in every trader’s life. You can never predict the market movements completely and the risks won’t always be manageable. So, the next time you are going to open positions, hope for the best but prepare for the worst.
  • #86
  • Dec 17, 2021 3:28am Dec 17, 2021 3:28am
Quoting louiseking
Making money is not the only side of forex trading. Losing plays an equal role in every trader’s life. You can never predict the market movements completely and the risks won’t always be manageable. So, the next time you are going to open positions, hope for the best but prepare for the worst.
Agree
  • #87
  • Jan 10, 2022 5:15am Jan 10, 2022 5:15am
Losing is part of the game. Without a trader losing, there can’t be another trader making money. The goal should not be about ‘not losing’ but improving your winning rate so that the losses become negligibly small. Some traders believe that the only way to achieve this is to win more times but it’s about making your losses small by properly managing them.
  • #88
  • Jan 10, 2022 5:18pm Jan 10, 2022 5:18pm
Quoting Klc
I am very new to forex trading (only half a year!) but reading the posts here and elsewhere online, it seems that forex trading can be profitable over time. I have a broker and so far I have made an overall profit. Albeit, the profits are 2%/month but a profit is a profit. I'm also playing the long game here so we'll see what my accounts look like in 10 years.
I realise that your post is a few years old, but the numbers you wrote are good.

2% per month is very good, that is better than stock market (usually) and way better than a bank would give you if you put your capital in their care.

You have to ignore all the shills who try to tempt you. They say they are making many % per month. Mostly they can do that once and then lose everything, or maybe they are teasing for a broker or somebody selling signals or something.

This business is another skill-set. Like every profession it takes many years to become good, and then more to become a master.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #89
  • Jan 11, 2022 12:57am Jan 11, 2022 12:57am
We fail because we believe what others say and act same, forgetting the challenges and emotions quotients of our self. We realize it late when "-" sign appear in profit column.
  • #90
  • Jan 11, 2022 1:02am Jan 11, 2022 1:02am
Quoting Epeolatry
Losing is part of the game. Without a trader losing, there can’t be another trader making money. The goal should not be about ‘not losing’ but improving your winning rate so that the losses become negligibly small. Some traders believe that the only way to achieve this is to win more times but it’s about making your losses small by properly managing them.
when you bring profit then of course you will make mistake but when you face losses , you got pain and learn a good lesion which is a best teacher and very supprotive to avoid next some of losses. that's very clear answer.
  • #91
  • Jan 11, 2022 8:38am Jan 11, 2022 8:38am
I recommend reading or listening to "Trading in the Zone" by Mark Douglas. Great great book.
  • #92
  • Jan 12, 2022 2:13am Jan 12, 2022 2:13am
there is some similar mistake that we do always and make losses , from all trading with emotions is the foremost i think . its a very common human nature , so we the traders cant avoid it in spite of having good knowledge.
  • #93
  • Jan 14, 2022 3:23am Jan 14, 2022 3:23am
A trader should learn from his mistakes. Trading with emotions can lead to mistakes that are devastating, but unfortunately, this behaviour is normal. To avoid these mistakes, traders must do their best to be aware of these emotions and find ways to overcome them. This will help traders be better prepared to avoid making the same mistakes over and over again.
  • #94
  • Jan 28, 2022 1:23am Jan 28, 2022 1:23am
this is a fine reply , there is no one who can predict the real faction of this market with certainly , that's why despite of having good knowledge and skill sometimes we faces losses and this will continue.
  • #95
  • Jan 30, 2022 11:26am Jan 30, 2022 11:26am
Because of the lack of education, a lot of emotions and risking what they can`t afford to lose.
  • #96
  • Jan 31, 2022 5:12am Jan 31, 2022 5:12am
I think that the most crucial reason behind our failure is to make quicky money or get rich quick scheme.
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  • #97
  • Feb 1, 2022 12:45am Feb 1, 2022 12:45am
you told the very common thing but the foremost reason behind the losses. Mankind is always looking for a short time solution, its a nature of us , and for that reason we always try to bring result with very short time including low effort . but in practical situation is totally different . thee is no short cut way of success , its a long term process as well of course need a good patience , otherwise you can forget about the trophy . thank you
  • #98
  • Feb 1, 2022 1:35am Feb 1, 2022 1:35am
Quoting momo3HC
Because of the lack of education, a lot of emotions and risking what they can`t afford to lose.
its a fine line. agree. when you have low experience about trading then emotions will work as double. no way to deny
  • #99
  • Feb 4, 2022 2:33am Feb 4, 2022 2:33am
yes exactly , agree with your point that you shared .
  • #100
  • Feb 28, 2022 4:18am Feb 28, 2022 4:18am
Quoting Bryn23
Sometimes I wonder why we still lose when so many information is readily available and so many strategies and skills abound everyday. Why do we still fail?
No way to ignore your opinion! But the reality is, till now learning Forex trading is difficult! Traders basically need to build his/her trading strategy based on his knowledge; any Forex trading info doesn’t give you the guarantee of money making! Good skilled Forex traders are making money here, besides low skilled traders are struggling!
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