When Should You Give Up On Trading? | Forex Factory

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When Should You Give Up On Trading?

  • #1
  • First Post: May 27, 2022 9:48am May 27, 2022 9:48am
This is probably a stage where many people have reached, and it’s a stage where many people have actually quit trading Forex.

It’s very easy to get to that stage and to say, “look, I’ve tried everything, I’ve put all this time, this effort and this money into doing my best I can to try and learn how to trade, but it’s just not working for me”.

I reached that stage after about two years and I kind of felt I was going around in circles which is something I’m sure you can relate to if you’ve been trading for a couple of years.

So when I reached those crossroads, I said to myself, “which way do I go?”

Should I quit now or spend more money in trading and lesson from many trading site and giving money to fake guru and scammer along the way.

Story me.....

I want to hear you
I come from the future.
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  • #2
  • Edited 10:21am May 27, 2022 9:52am | Edited 10:21am
So what makes it hard for traders to stick to forex trading anyway?


They blew their trading account aka Margin Call.

Forex trading is not what they expected.

They’re discouraged by their losses.

They can’t get back in the zone.

Forex trading isn’t for them.

To many times scammer took their money with empty promises

Too many fake gurus and expert in Forex
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #3
  • May 27, 2022 10:03am May 27, 2022 10:03am
Quoting Pat Chiko
So what makes it hard for traders to stick to forex trading anyway? They blew their trading account aka Blow Job Forex trading is not what they expected. They’re discouraged by their losses. They can’t get back in the zone. Forex trading isn’t for them. To many times scammer took their money with empty promises Too many fake gurus and expert in Forex
Kindly switch your DP as it doesn't go hand in hand with words we use unintentionally. read your post again aka the above one.
"Exchange of hands"
  • #4
  • May 27, 2022 10:09am May 27, 2022 10:09am
Quoting bilal1947
{quote} Kindly switch your DP as it doesn't go hand in hand with words we use unintentionally. read your post again aka the above one.
OK Bro.

I didn't meant to offence any gurus as "Fake Guru"

Thanks for the reminder.

I will write it differently.

I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #5
  • May 27, 2022 10:10am May 27, 2022 10:10am
Trade on longer time frame charts, don't listen to gurus, don't use robots or indicators, trade with small positions, cut your losses early, do your own research and analysis
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
  • #6
  • May 27, 2022 10:19am May 27, 2022 10:19am
Quoting ForexGoose
Trade on longer time frame charts, don't listen to gurus, don't use robots or indicators, trade with small positions, cut your losses early, do your own research and analysis
Thanks for your comment.

But that is not the question.

WHEN can mean ; Money Limitation or Time Limitation.

You give up when you loose USD10,000 . That's is not a cents more

or

I give up in 24 months if I cannot grow the account to 10% a year
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #7
  • May 27, 2022 10:26am May 27, 2022 10:26am
Quoting Pat Chiko
{quote} OK Bro. I didn't meant to offence any gurus as "Fake Guru" Thanks for the reminder. I will write it differently.
I am not the Guru but a student learning from the real ones like you.
"Exchange of hands"
  • #8
  • May 27, 2022 10:29am May 27, 2022 10:29am
Step 1 - Are you the man of your words ? Plan = execution.
If not then 1st become that man and then start to lean trading.

Problem is people find hard to follow plans - exercise plan, diet plan, snoozing alarm 5 times before they get out of bed...
I might be wrong , I have been wrong before
  • #9
  • May 27, 2022 10:32am May 27, 2022 10:32am
Even Forrest gives up running at one point when he realise he cannot eliminate the problem.


At the end of his run he said something like,
“My momma always said that we got to put the past behind us before we can really move on. I think that was what my run was about.”

He started running after Jenny left him.

I guess he wanted to forget everything and move on.

Come to a point when a trader quit ?.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #10
  • May 27, 2022 10:37am May 27, 2022 10:37am
Time to give up ?

Cannot make money from TRading, you will feel
it’s frustrating, it’s embarrassing, and it’s annoying;

I suppose it’s also embarrassing because you’re not actually making money, and remember it was only a couple of years previous when I was almost showing off with my demo account statements, saying “hey look at all this money I’ve made”.

I was making a fortune, tens of thousands of dollars every week and month back then on demo accounts but it wasn’t transferring into doing that in real time and with real money.

Then trading with real money, you just could't do it.


Someone picture trying to explain to his wife, he makes some money from Forex TRading....
Wife is asking for shopping money.............lol....... Just look at her annoying face........

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #11
  • May 27, 2022 10:39am May 27, 2022 10:39am
hi Pat Chiko

Quoting Pat Chiko
Story me..... I want to hear you
When you realize that drawing tools and poker face are not enough to outperform algos
Observer effect
  • #12
  • May 27, 2022 10:46am May 27, 2022 10:46am
At the best by now I wasn’t making much at all.

I was making some and losing some, and really I was treading water, ending up about break even over the course of time.
And there’s only so long you can actually do that for, because you need to start earning some money out of it.


( Using the word "I" mean a person of the story who really want to Quit TRading, not referring to anyone here or anywhere.)

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #13
  • May 27, 2022 10:47am May 27, 2022 10:47am
Quoting ryuryu
hi Pat Chiko {quote} When you realize that drawing tools and poker face are not enough to outperform algos
ALGO'S are just that algos. if, else, else if. nothing more. There should be no problems coming up with something that is decent. There is a fit for everyone but not everyones pocket and what they wish or want to make when forcing something is the reason then... hard times can be expected.
  • #14
  • May 27, 2022 11:09am May 27, 2022 11:09am
Are you talking about yourself or do you want to make a movie about a trader who fails

If you can find a good job that fits you than why would you not stop. This trading is more about a lot of money and small lot sizes so that it is easier to repair.
  • #15
  • May 27, 2022 11:16am May 27, 2022 11:16am
Quoting Eren10
Are you talking about yourself or do you want to make a movie about a trader who fails If you can find a good job that fits you than why would you not stop. This trading is more about a lot of money and small lot sizes so that it is easier to repair.
I'm still newbie.

Learning how to trade. Maybe the road to sucess is difficukt, I just give..... When is the right time to give up?.


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I come from the future.
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  • #16
  • May 27, 2022 11:27am May 27, 2022 11:27am
Sometimes I feel like giving up trading because my result are not consistent.

I may hit one single, big winning trade.
But, Being a successful trader is not about one big winning trade.

What really matters is how to stay consistence.

That is very bad thing for me, because becoming and staying consistently profitable trader is just a law of large numbers.
I feel like giving up

This means you should not expect to see your trading equity curve sky rocketing just after few trades (if you manage the risk and not over-expose your trading account). Too slow and not a guarantee return , might as well quit and open a coffee shop

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #17
  • May 27, 2022 11:45am May 27, 2022 11:45am
People says Never Give up

But is “not giving up” the only road to success?

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But Research-backed reasons why “Never Give Up” might not be good advice........

Is that true ?.

Because Single-mindedly pursuing one goal can sometimes backfire.
When people are faced with situations in which they cannot realize a key life goal, the most adaptive response for mental and physical health may be to disengage from that goal.

So better to disengagement from the goal becoming Forex Traders.

This is beneficial as it can free up space in your heart and mind to pursue new goals and look for meaning in other tasks you might have previously overlooked.

Turns out, the old adage, “When one door closes, another opens” might not be wrong at all.


Giving up on something that you’ve worked on for a long time is hard.
Give it a proper burial, mourn for it, and then stop lamenting its loss.

If you continue wondering what could have worked or how you could have done it better, you would only be torturing yourself further.

Such thoughts will make you wallow in self-pity, and the best way to move on is to focus your energy and enthusiasm on a new idea, and new goals.

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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #18
  • May 27, 2022 11:55am May 27, 2022 11:55am
When you believe it's impossible
Trend following
  • #19
  • May 27, 2022 12:01pm May 27, 2022 12:01pm
In Trading in the zone book by Mark Douglas, he references somebody said "charts ask to you buy or sell" when I read this, many years ago, I said "yeah sure, they say nothing to me", now I can tell to you charts will beg you for sell o buy. Keep walking eventually you'll get there
  • #20
  • May 27, 2022 12:18pm May 27, 2022 12:18pm
Home run style looks also attractive to me if you have large amount of money. But home run maybe 1, 2 ,3 but not 20 times a year.
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