It’s a phobia according to me; there is no instant remedy of it; in this case; traders need to take a long break and re-plan on demo. In addition, over trading is one of the most common problem here.
Agree with you; but I see a number of traders join here with an unrealistic trading target! That’s really unfortunate here! Forex is a business, there is no way for gamblers.
You are right, having a proper game plan is so important! In addition, we traders need to follow the plan so honestly, otherwise there is no value of the trading plan.
I also see, new traders have this tendency commonly; and the ultimate result is too horrible. Personally, I don’t like to take more than 100:1 leverage.
Yes, same experience from me; since I started my live trading very early. Actually, it takes such a long time to understand the reality of Forex market.
Of course, Forex is a risky business! But the point is; we traders can control our risk reward ratio here; such as in my live trading I don’t take more than 2% risk in my per trade. So, there is no way to lose huge amount of money suddenly.
Same opinion from me; because I also have similar experience as like you! Basically, it’s combo of so many parameters; yes, I am taking about Forex success.
Long time trading is not harmful; but don’t waste your full month only for a single trade! As a newbiew, you need to work on technical & fundamental analysis & overall; you need to build your trading system.
Agree with you. There have so many traders who were successful in their demo but right now struggling in the live account! So, only demo is not enough here! For being a successful trader; we need both kind of trading skills of trading analysis.
Agree, slippage is one of the most critical issue for the scalpers; although sometimes it helps. But overall; I would like to mark this issue as a major problem on scalping trading.