5 Reasons Forex Traders Fail

Discussion in 'Forex' started by Topstep, Jul 23, 2020.

  1. algoseek

    algoseek Sponsor

    Ridiculously high leverage is one of the marketing gimmicks unscrupulous brokers use to attract their naive customers. It's a pity no one checks them.
    #11     Jul 24, 2020
    Topstep likes this.
  2. yes its much crazy , this kind of ratio can make you loser within very short time , some people think if there is good trading plan no problem with high ratio when using leverage , but in practical situation totally different , you can fall great trouble in spite of having good plan including MM . so be careful guys.
    #12     Jul 24, 2020
  3. El Trado

    El Trado

    There is absolutely no strategy nor plan that can survive a 3000:1 leverage over time. Not even near perfect inside information will let one survive for long with such a leverage.
    #13     Jul 24, 2020
  4. Topstep


    Yes - patience and discipline are key. You have to fall in love with the process.
    #14     Jul 24, 2020
  5. most of the time i fail from trading above all when trading as a beginner , the reason was over confident , there is nothing 100% in Fx trading , so over confident is just foolish attitude in there.
    #15     Jul 27, 2020
    Topstep likes this.
  6. Georg3


    I fail mainly because of choosing a wrong broker without any regulations.

    And most of the brokers without regulation are scams.
    #16     Aug 3, 2020
  7. El Trado

    El Trado

    So why do you k
    So why do you keep chosing fraud-brokers then?
    #17     Aug 3, 2020
  8. Topstep


    Our Funded Accounts on the Forex side trade through Equiti Capital. Who have you traded with in the past?
    #18     Aug 3, 2020
  9. Yeah it is
    #19     Aug 4, 2020
  10. yes , one of the reason choosing a wrong broker , because the broker can affects the result of your trading with certainly , so be careful when choosing a broker.
    #20     Aug 5, 2020
    Topstep and Dwayne like this.