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Why you lose money and will always lose 42 replies

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unsuccessful stock trader can succeed in forex? 14 replies

To Succeed is to Lose?

generally we do same mistake again and again , this is the foremost reason why we lose daily , if we cannot come out from same mistake there is no chance to bring success from there , we should remember same mistake is a own choice not a mistake at all.
Quoting waseemji
Forex is very risky business and a trader can lose their money if they start trading having no knowledge. So to be succeed in this trading journey you must have good skills and knolwdge. Try to learn from your own mistakes and try to make good profit from your trade.
you focused on basically the importance of skill knowledge , yes these are really important , no way to ignore . but any kind of skill and knowledge can be useless if there is no regular practice, its a long journey when trading Forex , so there is no way to avoid practicing even despite of passing a long time in there.
How can we actaullally be a successful trader?
It is absolutely normal to make mistakes.
You'll never know in advance that this or that mistake can be avoided, most of the mistakes seem obvious only after the time they were made. The most important thing is whether you remember these mistakes and learn? Some people say that experience consists of mistakes and they are mostly right because mistakes are usually remain memorable for quite a long time. Your main goal in the beginning should be to make mistakes and learn from them in order not to make them in the future when you will invest more and lose more because of mistakes.
You are not the only one here, you are in the beginning of the long trip to success in forex trading.
Quoting waseemji
How can we actaullally be a successful trader?
Read Mark Douglas Book "Trading in the Zone" taking the concept of a sampling 20 trades (you take) with fixed variables (TF, indicators, session traded, etc.), and reviewing the outcome. This sampling is used to overcome many obstacles traders face. I created years ago what is called the "20/20 project" and recently posted on these forums. It is a "vetting" trading system. Good Luck.
If you want to be successful in forex you always need a plan and a strategy and try to overcome your mistakes and do repeat them.
That makes sense only when you are learning from your losses. The reason why new traders fail is because they don’t backtest their strategies and try to learn from their trades. However, if we try to look at trading from different angles and market situation, then it can make us a better trader.
The most important thing here is to learn to feel the market
Hello the community, i am Zen , newbie in trading condition. still i am doing losing . hope you guys will guide me by providing real expert suggestion. thanks in advance.
loss is a very common thing that we cant avoid after having perfect skill in trading, but if we do losses by same mistake again and again i think no way to come out losses at all. same mistake is a choice not a mistake. should avoid this bad habit, otherwise trading life could be dangerous
Quoting AbbasMia
generally we do same mistake again and again , this is the foremost reason why we lose daily , if we cannot come out from same mistake there is no chance to bring success from there , we should remember same mistake is a own choice not a mistake at all.
Yes, you got the right point. We do the same mistakes again and again but we don’t take a lesson from them. That’s why what I do is I maintain a notebook where I kept all the things that take place with me written down. Even though it doesn’t instantly help me, but I am benefited in the long run.
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  • Last Post: Mar 8, 2022 3:29am Mar 8, 2022 3:29am
to maintain a trading dairy is an old version but its really effective. liked your method.
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