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[Razor1911]

Forex market is full of speculations and uncertainty. Every songle moment is crucial and one wrong step could land you in trouble. In such a business any trader should always try to avoid to use more moneybin search of more profits.

The forex narket is mainly for slow but steady earners. Here by luck you can gain some profits im short timex but to survive here for long term, yoh must learn to be patience. Because in long term you will be profitable anyways.

 

[magnus2022]

The major problem of forex traders is greediness. A desperate attempt to get rich quick have ruined many traders. Many forex traders set unrealistic goals for themselves. In attempt to meet up, many make diastrous moves that lead to their calamity.

 

[btaliat]

That is right. Profits cannot be amassed within a short period of time. You need to go slow and learn as much as you can. It is through learning and growing that you will start seeing yourself make as much profits as possible.

Learning forex trading is not easy. It requires patience and a clear mind. Being in a hurry to earn fast profits is what leads many to losses.

Even if the learning is easy, operating forex trading is not easy. There are many principles that we only need to know and be putting into practice. These principles are the ones that are difficult and not really the learning of forex. Unfortunately, not many the forex experts and even put their learners through with this.

 

[magnus2022]

Greediness is the major cause of failures in forex trading. Many traders don't have the patience to be slow and steady. They want to make money quickly without considering the risk. When they lose their funds,they will start to portion blames. Many traders have viable strategies but they are not disciplined enough to execute their plan.

 

[btaliat]

The major problem of forex traders is greediness. A desperate attempt to get rich quick have ruined many traders. Many forex traders set unrealistic goals for themselves. In attempt to meet up, many make diastrous moves that lead to their calamity.

Aside this, there are many times new traders have been misinformed. They watch YouTube videos that always let them know that they can make a fortune in a day on forex. This have made some traders to be setting unrealistic goals for themselves with the aim of making much money from it.

 

[Wisdom01]

Even though we all know that one can't get rich overnight by trading forex, our greedy nature makes most of us to fall prey to overtrading. We tend to trade large parts of our portfolio without proper risk management, and often do revenge trading when we lose a trade badly.

Learning patience is trading only comes with practice, that's why it's advisable to always stick to a trading strategy till you get the hang of it.

I think when you know a particular trading strategy ,it's really good as a trader to stick with the same strategy and improve it , trading comes with its own risk ,we can't be sure if everything ,we need to learn properly before making moves to trade in the market

 

[btaliat]

I think when you know a particular trading strategy ,it's really good as a trader to stick with the same strategy and improve it , trading comes with its own risk ,we can't be sure if everything ,we need to learn properly before making moves to trade in the market

That's has always been my strategy. We don't really need to be changing strategies. The only time we need to change it is if it doesn't work any longer. I do see more of newbies jumping from one strategy to the other hereby making a costly mistake that may make them to be seeing forex as being difficult.

 

[Frenzybliz]

It is very important to remember that slow and steady wins the race in Forex trading. Many people think they can just jump in and make a quick buck, but in reality that rarely happens. The key to success in Forex trading is to be patient, think long-term, and make sure to understand the market before diving in.

 

[btaliat]

A good trader must be concerned with profit no matter how small it is. Aiming at making large profit may surely hasten the rate at which someone may lose his capital. Therefore, we should learn how to be contended and use the average leverage for safety.

 

[Player1]

From what you have just said, i believe you have some experience with forex trading. The mistake Most young traders make, (myself included) is that they see the market as a money making machine, hence they go in and just want to start cashing out big, they end up taking risks that are not called for.

 

[btaliat]

There should be planning on how to be making money on a steady while trading in forex. This plan sometimes even take some times to be accomplished. We should not be in a rush to get the profit but be concerned more about capital protection.

 

[Xrin Nightfall]

There should be planning on how to be making money on a steady while trading in forex. This plan sometimes even take some times to be accomplished. We should not be in a rush to get the profit but be concerned more about capital protection.

For successful foreign exchange trading, a solid strategy is very necessary. When initiating and leaving transactions, traders benefit from having a set of rules and guidelines to follow, which helps them make decisions that are consistent and objective. A successful strategy will take into account a variety of aspects, including the trader's level of comfort with risk, their preferred trading style, and the current state of the market.

 

[Frank008]

In forex, consistency is the key to success. This is due to the market's constant change, which makes it difficult to anticipate where it will go next. You'll be in a good spot at the end of the day, though, if you just keep doing what you're doing and don't become overly excited by big gains or too depressed by significant losses.

 

[Wisdom01]

In forex, consistency is the key to success. This is due to the market's constant change, which makes it difficult to anticipate where it will go next. You'll be in a good spot at the end of the day, though, if you just keep doing what you're doing and don't become overly excited by big gains or too depressed by significant losses.

I believe you are right , because obviously consistency is the key , most traders actually forgets about been consistent they just place trade any how they like and expect more returns and most time if it doesn't meet their expectations they would be in regret

 

[btaliat]

Forex is not just a market but a carefully analysed market that involves traders to develop skills that will be used rationally to arrive at making profit. This has been the main reason why we only need to be taking it slow in forex market.

 

[a_jerobon]

Forex is not just a market but a carefully analysed market that involves traders to develop skills that will be used rationally to arrive at making profit. This has been the main reason why we only need to be taking it slow in forex market.

Yeah, the forex market requires good skills in analysis. Once you are able to analyze well and trade with a good strategy, you will find yourself making money online. Failure to do so leads you to big losses.

 

[btaliat]

From what you have just said, i believe you have some experience with forex trading. The mistake Most young traders make, (myself included) is that they see the market as a money making machine, hence they go in and just want to start cashing out big, they end up taking risks that are not called for.

A trader always trade based on the instructions of his mentors. It is always a better step to take by finding a good mentor to put us through while starting off our journey in forex. This will help us to know how to trade with caution in forex.

 

[a_jerobon]

A trader always trade based on the instructions of his mentors. It is always a better step to take by finding a good mentor to put us through while starting off our journey in forex. This will help us to know how to trade with caution in forex.

Having a mentor who guides you in your trading is really great. That enables you to trade steadily and carefully. When you are a newbie to trading, you are most likely to make some mistakes that can lead you to losses. Having a guide can prevent those mistakes.

 

[btaliat]

The major problem of forex traders is greediness. A desperate attempt to get rich quick have ruined many traders. Many forex traders set unrealistic goals for themselves. In attempt to meet up, many make diastrous moves that lead to their calamity.

Many see gambling and forex as the same thing. This has really made them to treat forex just as the way they treat gambling as well. Gambling is a get rich platform while Forex trading is accumulation of skills before you start making profit.

 

[Ryan909]

Forex is a highly volatile market, so if you're not careful, you may end up on the losing end of a trade when things go south. The longer you stay in a trade, the more probable it is that your position will turn out to be profitable, which is why it is crucial to keep a steady pace when trading.

 

[Akakuli75]

Well, I quite agree with you, that slow and steady wins the race but when it comes to Forex trading where the market is highly unpredictable even to professionals, the best thing is to be highly and technically analytical and to inculcate the spirit of discipline and set realizable goals.

When it comes to forex trading even professional need to always make a good analyses and be discipline to the market, in such a way that the entry and exist point should always be respected.