Why you should not give up forex trading?

[e_abrams]

Agreed, pointlessly carrying on with something that is not meant for you, I see no good in that as well. Yes, traders should give it a good try, not that leave this market after the very first loss that they incur. It is better that one patiently tries for some time if possible, and then can decide if he wants to carry on or not.

My point exactly. Clinging to something when it's not working out at all costs does, usurprisingly, come at a pretty high cost.

 

[e_abrams]

I do firmly believe that sometimes, some people should, indeed, quit. There is no point in persisting with something that is just not working out.

 

[awofrans]

Hi. Please can someone suggest a good forex journal that will enable me to input my chart apart from excel worksheet?

 

[Enivid]

Hi. Please can someone suggest a good forex journal that will enable me to input my chart apart from excel worksheet?

https://notion.so

 

[PhoneticNachos]

Because making money from active trading your money is really fun.

I basically average $100 per $1k I invest per week I trade.

 

[Jerry_Ken]

I do firmly believe that sometimes, some people should, indeed, quit. There is no point in persisting with something that is just not working out.

It depends actually, better take a break than leaving it altogether at once. Yet i'd say each one has priorities and risk taking abilities , so need to consider that.

 

[e_abrams]

Perhaps. But if it still is not working out after several breaks, that is a good indication that maybe a different occupation would be better. There is no shame in knowing what one is good at and what's not for them.

 

[Sheldon56]

As a newbie, you will not be able to make such consistent in profit so you are easily influenced to give up. So it is advised that you should try to keep practicing and improving your skill, while maintaining the knowledge and staying disciplined so that you can make a sounding decision.

 

[e_abrams]

Some people don't really improve even after years of practice. What is the point of not giving up when that only leads to more financial losses for them?

 

[vicjon1995]

Some people don't really improve even after years of practice. What is the point of not giving up when that only leads to more financial losses for them?

I think that’s true. Some people are not meant for trading. Being profitable takes so much more than just time. Discipline and strategy matters a lot. Some people fail to keep a journal. Please keep in mind, if you are not keeping a record of your trades, you will never improve.

 

[e_abrams]

I agree. If they are not improving, they are losing money and they are miserable, why keep doing that when they can quit and pursue something else that will make them both happy and allow them to profit?

 

[sunar14]

Some people don't really improve even after years of practice. What is the point of not giving up when that only leads to more financial losses for them?

It's hard to tell apart lucky streaks and increased performance because of your personal improvements. There are some criteria that are still subjective. This explains why some stubborn people keep trying.

 

[e_abrams]

I think it just takes time. If you can't replicate your success regularly, then it was just luck.

 

[vicjon1995]

I agree. If they are not improving, they are losing money and they are miserable, why keep doing that when they can quit and pursue something else that will make them both happy and allow them to profit?

I know right. Unfortunately, many people are ignorant of this fact.

 

[e_abrams]

Many people keep hoping things would change. Others telling them that they are just not working hard enough also doesn't help.

 

[vicjon1995]

Many people keep hoping things would change. Others telling them that they are just not working hard enough also doesn't help.

True that.

 

[Oswald]

most people struggle at first, it gets better with time

 

[Todor]

Forex is not a child's play, you gotta do your best. Upgrade your skills and knowledge, if you think you need a break, take it and then come back with a solid strategy may be but do not give up. However, if you think, it is not meant for you then you can take a step back.

 

[SmartX]

Forex market is a bit difficult to trade but it is not at all impossible to make profits in it. Instead of giving up, a trader should improve his skills and enhance knowledge.

 

[fxplayer]

Many traders face the same negative impulse to quit trading because it’s either too hard, too time consuming or too expensive. But you must understand that losses are part of this forex world. So each time you feel demotivated, try to rewire your mind and instead of getting pissed off with the charts, just breathe, meditate and repeat. Because each time you fail, you are learning.