Not every one can handle the risky stress of each trade, so after facing few stressful trade usually people move on to another work because they can not handle the risk and that is why they give up.
Why you should not give up forex trading?
- Thread starter Rambo35
- Start date
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Jordan Salvatore D'Armi
Trader
We need a reasonable approach to trade or investment. I had the experience of losing and I'll remember it forever. But you should never risk more than you can afford. The most important truth in forex is to stop in time.
Yes either at the end of day we learn some experience or returns on our investment, forex teaches a lot and rewards too but we need to be very consistent if we wishes to become successful in it.
Agreed. It's really no pain no gain in the beginning. Losses are a learning curve and giving up would mean quitting before the results are really available.
Giving up is no solution even in the case of forex trading. Forex is tough and demands due patience and dedication. Sometimes you suffer losses and get emotional about it. A true trader is the one who learn from his mistakes and apply some better trading strategy next time to achieve good results in his trading.
Forex is a big opportunity to any trader. So we should not give up Forex because we can trade here by abiding at home. We can trade here both as a part time trader and a professional trader. We can learn Forex through websites need not to have any instructor. It’s like a big facility to them who have not proper guidelines. If we have big strategy we can gain easily from here.
I really think that quitting after a few losses is like quitting just before you start to understand how to trade and become more successful.
Yes, I have faced lots of problem in my demo, but my live trading experience is different! Since, I have opened my live trading account with my profitable trading system and professional trading plan! As a result, no MC till now! Besides, I get regular income by using my technical tool based trading system, day by day I have been adding new trading instruments in my live chart, no plan to exit Forex trading.
Many traders come to Forex with wrong expectations and no basic understanding of the market. Once they fail to become a millionaire by the end of the week and experience considerable losses instead, they give up. Beginners must realize (the sooner, the better) that Forex requires a lot of patience, time, and learning. This isn't the place where you can make easy money without effort.
For me, the reason was the graph of progress! Yes, I started my trading from zero level without any background! But I worked hard in my demo, and spent long-long sessions to learn technical and fundamental analysis! Besides, I also try to learn from my trading mistakes.
You are absolutely right! A number of new Forex traders start their live trading too early without enough preparation, and they face huge damage in their live according because of low trading skill! By the way, I have different experience because, I have started my live trading after practicing my demo for 1 year.
How Forex can scam? Because; which traders are losing money here; it’s their own problem; since they are with an ordinary trading skill.
i totally agree with you here, Ary. People can be quick to blame the broker/account manager but at the end of the day, it seems too many people go straight into a live account without even looking at a demo first or reading up on market news
Yes mate; it’s very easy to blame on others instead of working on own trading mistakes.
Thanks mate; I see few traders blame their broker: why they lose in trading; lol!!
You certainly cannot blame your broker for own mistake. This is bad approach to further development in the field of Forex trading. It is much better to spend time realizing what you have done wrong and correct that mistake in the future. If it really was brokers mistake, then simply change broker
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