What's the reason behind consistent losing?

[Antho]

If you go step by step, here are the probable causes.
1- Do you have enough knowledge about Forex?
2-Do you have control over your emotions?
3-Do you know anything about technical and fundamental analysis?
4-Do you have a strategy to follow up on?
5-Have you tested that strategy in terms of win-loss ratio and risk-reward ratio?
If you have an answer to these questions, then you could find where the root of your problem is.

Such a great breakdown

 

[bck2ftr]

FIRST: not accepting mistakes
SECOND: not learning from mistakes

but then, asking such a question is the beginning of new chapter of trading journey

 

[PhoenixJ]

Such a great breakdown

Thank you for your kind words. Hope it helped.

 

[FXO_trader]

FIRST: not accepting mistakes
SECOND: not learning from mistakes

but then, asking such a question is the beginning of new chapter of trading journey

Many people have a problem admitting mistakes. They would rather blame the market for failure.

 

[Sneha Rajan]

Consistent losing often stems from a combination of factors, including lack of preparation, inadequate skill development, poor strategy, insufficient resources, and psychological barriers such as low confidence or fear of failure. Addressing these areas through focused training, effective planning, and mental conditioning can significantly improve performance and lead to more consistent success.

 

[Sneha Rajan]

Consistent losses in trading often stem from several key factors:

1. Lack of Knowledge: Insufficient understanding of market dynamics, trading strategies, and financial instruments.
2. Poor Risk Management: Over-leveraging positions and not using stop-loss orders.
3. Emotional Decision: Allowing fear, greed, and impatience to drive trading decisions instead of a well-defined strategy.
4. Lack of Discipline: Failing to adhere to a trading plan and frequently changing strategies.
5. Market Volatility: Unpredictable market movements that can quickly turn profitable trades into losses.

Improving education, maintaining discipline, and implementing robust risk management can help mitigate these issues.

 

[FXO_trader]

Consistent losing often stems from a combination of factors, including lack of preparation, inadequate skill development, poor strategy, insufficient resources, and psychological barriers such as low confidence or fear of failure. Addressing these areas through focused training, effective planning, and mental conditioning can significantly improve performance and lead to more consistent success.

When a trader wants a trading strategy to follow his own desires and unreasonable goals, he fights for market conditions and inevitably incurs unnecessary losses. You can't chase false goals

 

[ImogenBeaumont]

Your strategy, if has indeed been going on for a long time, then it must be your strategy, good sir, if you are sure about it then take a look in the mirror, maybe you will see the problem ( Your mind).

 

[stoch]

You can set stop loss and do not let self-control issues to interfere with your trading. However if you cancel or move stop-loss then you should probably take a break since you are likely have gambling problem, i.e. too impatient.

 

[FXO_trader]

You can set stop loss and do not let self-control issues to interfere with your trading. However if you cancel or move stop-loss then you should probably take a break since you are likely have gambling problem, i.e. too impatient.

Often a trader is not sure about the correct stop loss setting. This is the main problem why a trader cancels or moves stop-loss