10 Top Reasons Why Forex Traders Fail
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- Опубліковано 19 кві 2017
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Top Reasons Why Forex Traders Fail. Ali, trader and educator comments. PLEASE LIKE AND SHARE so we can bring you more!
Why do so many people give up Forex Trading? How do you prevent winning trades from turning into losing trades? The barriers to entry in forex are very low so why do so many traders fail? I think its two-fold - subconsciously we are very used to getting what we want very quickly. Forex is hard work though - even though externally some people still market it as a quick rich scheme. Yes, you can make money very quickly but you can likewise lose a lot of money quickly. I am money motivated and I don't think there is anything wrong with that but if I were to get in just for the money I don't think I would be successful.
People fail bc they start losing money and then quit. This stuff take time
everyone loses at the start you have to pay your tuition to the market
Failure is the only way for you to learn to avoid the mistakes in the future.
its about percentage not how much money you can make....you should be able do better than bank can give you
great series of interviews, a lot of learning in there
Great mentor this guy. Very grounded and sharp.
Only 3 reasons Only - 1.Over Leverage - 2.Trying To Catch In Short Time - 3.Not Following The Trend and Exit Early
It cannot be put down to just 10 reasons unfortunately, there are many reasons why people cannot make money in Forex
Nice Video, very insightful! thanks
I’ve done the London knowledge.. only way u fail the knowledge is by giving up witch 85% do. Trading is the same gotta put in the time and the work! No short cut. Be lucky
I'm always losing money.Maybe i should take a break and learn
Great videos. These deserve more recognition hands down.
I’m starting to believe I have wasted all this time for nothing, I never seem to get it right.
amazing video
forex is a different beast...
Thanks
I was a proprietary foreign exchange trader, corporate fx dealer & a fx broker for three banks during 18 years. My advice to you all is DO NOT TRADE FOREX . Because the unexpected adverse moves will always beat you . Price moves of currencies often defy logic . You cannot afford the losses which are huge. You will eventually lose your house, family & lifestyle. It will destroy your life...
I like your channel
It's very useful for me
The forex graph is a fruit machine with random results.
Consistent is for winning and loosing.
If you do not know the underline reasons in accumulation that propelled the graph during your winning or loosing trades then you are guessing..
best wishes.
Hayden
4:40 made me give a like immediately. Great question
Indeed a notable one
0. It's rigged in favor of those with massive existing liquid capital, and those who go into forex are often not in such a position.
This guy seems like an amazing mentor.
We will definitely lossing money in forex trading if we don't know the trending
I didn't see with my eyes a trader who makes money, but l saw people who said they make money
Trading power
Good video
Best video ever and nice content
This guy and all the people commenting aren't trading correctly. Real traders don't use social media to share their knowledge. Just ask any "trader" on social media for an audited track record of at least 12 months. Chances are they don't have one.
i know a couple hedge fund guys and they've all said the geniuses trade currencies. You should start a hedge fund!
It's hard for an investor cus you have to understand the entire economic and political landscape of a country (interest rates, inflation, FDI). Then you have to predict what those will be in the future. Then you have to understand what country in the same region's economic and political landscapes are and will be. And then the same globally! .
IS THIS TRUE ????????????????????????????????????
amen to that -)
Damn it, why can't it be why forex traders succeed... a video should motivate and not create hysteria.
The truth of the matter is that traders are applying skill strategies etc to the unknown so winning or loosing will not be consistent or predictable.
Even buying shares in a company where you can research tangible information is a risk so forex where there is no usable information meaning the post graph and general news, is a guessing game.
How people can think they can learn to win is laughable.
best wishes
Hayden
Never give up
hello
Who's watching this but they profitable?
She's beautiful
4:58 sl into profit come on now
One reason people loose at forex is because of the stupid fantasy strategies and training.
What is trending is not quantifiable because it’s a massive average from the unknown.
Strategies are unprovable gimmicks that coincidentally coincide with a traders winning trades.
@robstar a bank makes 2% a year...
I feel like quitting so bad right now. I’ve lost about $2000 deposit dollars in forex, and that not even counting what I’ve made and then lost later on. All together it would be about $2500 that I’ve lost.
Few months ago I had $2000 doing stock trades then someone introduced me to forex and I lost it all in forex. Idk what I’m doing wrong. It’s like every time I invest it automatically goes the opposite way. I try and read the charts, use scanners and somehow still end up failing. I might just quit and I don’t know what else to do. Fuck my life
Are you still trading? you are trading money you can afford to lose right? Or do you just not tolerate losing money very well?
maybe look into your stop losses and profit goals. I find that if I let someone who created a strategy tell me where to put my stop loss that strategy doesn't fit into the market when I back test it. Each market has a different volatility, and if your stop is 15 pips down on an hourly chart where the price goes up or down 200 pips in a day you're going to lose every time.
Also test your strategies on historical data. Make sure you're going in with a strategy that at least worked in the past before putting money on it.
And obviously risk management. If you lost all your money that quickly then you're going into too many trades you're not sure about and risking far too much on them.
Many mistakes that I'm able to read from here already. Scanners aint that effective at all for you to have a bias for an entry. You have got to understand Market Structure which is 100% important.
Dima first of all you left stocks that's why you failed.
if our position already made 50 poin profit, why we closed, we just move our stop loss and trade another pair! but most ppl cant do this, this is simple basic, that our trade will never loss! if you cant do this, probably forex is not for you! yeah i know, you felt loosing if you not closed that position asp. lol
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This guy knowledge have zero value. All is misleading and have nothing with real things lol. Only less money advice is good but overall without proper trading plan you are doom to fail. Sad but true...
1% a month from £100,000?! This guy clearly takes zero risks and has a very boring life