Yes, its failure rate is very very high. Like becoming a professional athlete.
People are negative about trading
- Thread starter Jdesey
- Start date
I think we can not blame people for these kinds of thoughts. The increasing incidents of scams have led to the development of such mindset among people.
A forex market is a place where experience and knowledge are needed when it comes to understanding how forex trading can start. Making losses while trading makes us feel negative because no one likes to lose in the first place. But gradually, we can try When we tend to understand the basics and learn the strategies, then we will become more confident.
People are negative about trading because they are afraid of losing money. New traders should start with demo trading first because it helps new traders to get a sense of actual trading practices and be aware of what to look for while trading in actual assets.
there are just so many people coming into trading and expect to make easy and quick income then get disappointed when they learn trading is a hard road with consistent learning and performance to achieve that. A demo trading and proper learning should be the first thing to become a smart trader before even thinking about profit.
Most people are negative about trading because they have faced failure in the forex market, and the reason behind this is their own goof ups like lack of knowledge and they think forex as a get rich quick scheme which is not the case.
I agree with you mate, negative thoughts come after consistent losses but this can definitely be overcomed by continuous learning and practice.
It’s true that losses make traders negative. But it is up to the trader to choose an amount to trade, losing which won’t affect them much. And so, they can continue trading and getting better with time.