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WHAT MAKE YOU TO LOOSE IN FOREX TRADING


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7 Causes of a Forex Trader Experiencing Failure

 

Here are 7 causes that make Forex Trader experience failure, namely:

 

Do not try trading demo

 

Usually every broker will give a trading demo to train you to become a successful trader, in this fores demo account, will be practicing to be more patient, not too confident, and not greedy. Even if you are a beginner trader you should practice longer to learn about market trends and useful trading techniques when plunging into real trading. The persistent traders who follow demo trading are more able to make money, compared to those who do not try trading demos.

 

Trading too much

 

Playing Forex trading for most people will cause addiction, great victory sensations and can create a stock market addiction, so if it is not controlled properly, then you have the potential to fail, because investing in too large a sum because dreaming of getting a profit in the amount the big one.

 

Less disciplined and consistent

 

To run a good Forex trading required an effective strategy and effort to develop profit. You should run the strategy with discipline and consistency in order to manage finances properly, and mengontrok greed in the self. Make sure while playing forex you limit the maximum amount of losses you can get, and maximize the benefits that can be achieved.

 

Do not have a good Trading Plan

 

Generally beginner traders rely on automated procedures run by forex robots, and have no plans or trading plans to manage the amount of loss and profit targets. In fact, to become a successful trader requires knowledge and planning of self-power in the forex market, currency selection, state policy, fundamental and technical indicators to design a successful trading plan.

                                                                                                                  

Too expect large profits

 

Expecting profit in any business is a wajra thing, but dreaming of becoming a millionaire in no time will make you a dreamer and prevent you from becoming a successful trader. Even the desire to become rich quick (greedy) can result in a trader running Forex trading as in the gambling arena, by risking considerable money for a totally unrealistic gain and forgetting the potential losses to be faced. This can make the investment funds become quickly exhausted.

 

Lack of leverage management

 

The leverage facility provided by brokers in Forex trading, will allow a trader to enter a large trade with a small amount of investment. Larger leverage will allow you to earn greater profits. but if you choose brokers wrongly, and do not provide leverage facilities, it will take a long time to be able to penetrate large trades with little capital.

 

Not learning from mistakes

Making a mistake in running any business is a natural thing, and can be a valuable experience, even the mistakes of others can also be a valuable lesson for you. but often a trader who is too ambitious to get a profit in large numbers do not pay attention and do not learn from mistakes that have been done both by yourself and others.

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Quite a nice information you have shared it here, thanks mate, it was quite helpful to understand that why we fail.

we must always be active and also understand every path of work well and indeed as long as we continue to learn and try it will be very easy to run it, so understand and learn as possible

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  • 2 weeks later...
some of the causes of a trader always experience loss, including:

 

1. Intention wants to get rich quick

 

The intention to become a successful trader in forex is a good motivation for a beginner in forex trading. But if the intention of trading forex is based on the desire to get rich quickly, it will have an impact on the psychology. Intention to become rich quickly will encourage a trader to do a lot of transactions (open positions), and can cause greed in him.

 

2. Always alternating Indicators and trading strategies

 

Very bad habits that are often done by a trader is always changing the indicator or trading strategy. This will result in the trader losing the opportunity to get the best signal enrty. Busyness in searching for the perfect indicator and 100% profit trading strategy, will make a trader unable to develop his ability in doing the analysis.

 

3. Trying luck on forex trading

 

Forex trading is a business that must be done with sincerity, because forex trading has a very high risk of loss, where a trader can lose all his capital (money) in a relatively short time. If you just want to try the luck in doing this business, it will be able to reduce your focus when doing your trading transactions. Seriously in forex trading will bring you to success.
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  • 1 month later...

For forex trading executed, we should always continue to increase the ability of good trading where to understand will this trading on the run with profitable. Forex is a business that the risk is very large, so always to continue to improve where to facilitate the way profitable trading on the run

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  • 2 months later...

Forex is an uncertain market area and there is no doubt that traders are frequently committing mistakes but I never think that traders can have such classification. Yes, it is true that ego can become a treacherous mistake because due to counterfeit ego and pride, some traders are not able to accept the mistakes they are committing. Traders should have the optimistic mentality so that they can adapt them with the changes in market and they should have that mindset to modify their strategies as per the situations.

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For forex trading where by having the advantage that there is very large, many traders plunge in forex business to gain its benefits. But reminded in this forex business is not a business that is instant or easy to run, but a very risky business. So continue to do in the learning process learn and learn so that we can what is expected in this forex business can be achieved

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