Post
Topic
Board Trading Discussion
Re: Why do many people fail in trade?
by
RockBell
on 28/07/2024, 21:47:31 UTC
The only way to succeed in trading is by learning from someone that is where you want to be as a trader. This is one of the biggest mistakes that many people make in trading because they feel like learning trading in some online classes will take them to where they want to be, not knowing that some of the teachings in the online classes are those that feed from the money that they were paid to enrol in their classes. 
 
The main reason why some lose or fail in trading is from the point of learning. Why? Because many tend to learn from the wrong place, and one thing that I enjoy more about trading is that in any lost or failed trade, there is most likely a mistake, which is left for you to identify that mistake so that you can’t repeat the same thing next time, but many find it hard to understand. That is why all this is happening. 

Those days you have to read a lot of books and watch a lot of videos but if you look it now they have schools that they will tech you everything you need to learn instead of learning it yourself and their is nothing more interesting than learning from people and also adding you own knowledge to what you are learning and when you are with people that know how to trade you will always feel inspired to want to trade more, even if they are losing they will be encouraged to want to learn even from their mistakes.

I don’t think learning from the wrong place is the issue the mindset they came with when they were learn some will just have the mindset that it is hard and when they make mistakes they just give up easily and they don’t want to continue, and that you notice that only few traders you see making money, because not everyone that starts the journey will finish it.