Comments on: Why Most Traders Fail at Forex Trading

By: Frano Grgić

Frano Grgić — Sun, 12 Jan 2020 19:20:35 +0000

I would point that the GREED is the most common problem and it is source of all other problems.

If the trader can avoid greed he can be successful.
To do that trader could invest larger sum of money where he would not look for quick money to get rich.

But, who have lots of money for trading.
I do not have :).

Nicely written.

By: brad

brad — Sat, 09 Jul 2011 19:31:13 +0000

legend.Got some really good points that i can relate too,as newbie i can say dont think your can beat the market and try make big money straight away.Read read read,learn as much as you can then try demo then micro.Dont run before you can walk.

By: Hlengiwe Madonsela

Hlengiwe Madonsela — Fri, 08 Apr 2011 09:24:03 +0000

Thank you Nial, if I didn’t read this article, my trading life would have been doomed.Thanks

By: Galen

Galen — Tue, 22 Feb 2011 14:33:24 +0000

Hello Mr. Fuller

The information within this article is intense, a little scary because of the effort that is needed to overcome the obstacles; quite a commitment to oneself. It is easy to understand but all together different to follow. Success and failure and in my case a lot more failure using a demo account has given experiences similar to a real account.

By: David Rabbin

David Rabbin — Fri, 17 Dec 2010 18:06:51 +0000

Very sound one could add the use o a trailing stop which avoids too much anxiety about the future of the trade

By: GBOLAHAN

GBOLAHAN — Thu, 04 Nov 2010 12:16:02 +0000

Thank you for your article,i believe i know where my problem lies now.Is indeed an eye opener for me.

By: Larry Hoover

Larry Hoover — Fri, 15 Oct 2010 20:09:34 +0000

Hi & Thanks for your great articles & advice.

I am practicing some of these nuggets in my personal life along with working on hem in the market with a mini-account. Included are: organization, timing, patience, persistence, disipline, honesty with self etc.

By: Elie

Elie — Tue, 12 Oct 2010 19:31:55 +0000

Great article I must say !

By: Michael P

Michael P — Tue, 12 Oct 2010 01:31:41 +0000

Great article Nial.Im still in demo mode but thanks to uncomplicating my trading by only using Price Action my trading has excelled leaps and bounds.Price Action is truly the key to emotionless,successful and profitable trading.Best Regards Michael.

By: magbagbeola Adesola

magbagbeola Adesola — Mon, 11 Oct 2010 13:08:59 +0000

Nial, You are the forex messiah i have longed wait for, your teachings are simple and has put straight all my wrong ways of trading.

Your price action strategies live in me and i look forward to paying for the live membership before a live account.

Best Regards,

Sola

By: Kennedy

Kennedy — Mon, 11 Oct 2010 10:03:56 +0000

Demo trading is a two-edged sword. It’s a wonderful tool in the hands of an experienced trader, we use demo to fine-tune certain things about a new strategy before we try them live. But demo is surely where the newbie trader acquires all the seemingly incurable bad habits that kill their accounts repeatedly. I think a newbie should be told exactly how to demo trade or be told to open a micro account with $50 to $100 and use it as practice. Using real money would ingrain certain discipline that demo might not add, unless there is a lesson on how to use demo well.
Maybe you would consider writing some lesson in this area.
Thanx for your always insightful lessons.

Kenn

By: BVC

BVC — Sun, 10 Oct 2010 22:26:30 +0000

“Cool” is Key! Thanks Nial!

By: Craig

Craig — Sun, 10 Oct 2010 10:11:10 +0000

I like your article and the great advice,so relevant to my situation.Thanks

By: azmi harun

azmi harun — Sun, 10 Oct 2010 03:35:18 +0000

“Why most traders fail at forex trading”. That is the first question always ask by most trades. I had and learned a few technical analysis still failed trading “they mainly are a result of poor self-discipline which leads to risking too much, over trading, trading with money one can’t afford to lose, using overly complicated trading methods that make trading much more difficult than it actually is”.Yes it is very true. I must rehab myself be a cool trader. Anyhow thank you Mr. Nial for nice articles for your wrote for traders.

By: seb

seb — Sat, 09 Oct 2010 08:16:03 +0000

yes, I must agree. I can say that i myself have been in that situation and i also have recently gone back to a demo account,

I am gradually fazing my bad habits out, and i must say progress is good but it takes time and i think you must take the time you need

because as the saying goes ‘the best money won is the money not lost’ that is one fraise i wont forget..

regards from sunny spain..

By: Mgp

Mgp — Sat, 09 Oct 2010 03:36:44 +0000

WHat u said is absolutely correct. we need to keep our hands under our legs and follow strict trading plan to be succesfull …

happy that at least now we understand

By: VTLSK

VTLSK — Sat, 09 Oct 2010 01:43:18 +0000

Thank you once again for the Great article.

Quote : “Forex trading is obviously more of an art and a skill than any casino gambling game” – the Key is creating a functional trading plan!!

By: Mike O.

Mike O. — Fri, 08 Oct 2010 22:25:50 +0000

Well done again, Nial!
My knowledge about all aspects of trading has been growing in leaps and bounds – largely thanks to you. Thanks.

By: Desiree Bruce

Desiree Bruce — Fri, 08 Oct 2010 18:28:00 +0000

Another brilliant article and lesson. Thank you Nial.

By: igor

igor — Fri, 08 Oct 2010 16:39:30 +0000

Great article Nial!
Thank you very much,I really recognize the problems trader might experience when trading..

greetings from Stockholm

Igor

By: Butch

Butch — Fri, 08 Oct 2010 14:42:21 +0000

Nial, you have a way of posting the correct lesson at the right time for me. I suffered through a series of losses durng the London session (every trade went against the trend) and I began trying to “get the money back” by opening even more trades. Not a good idea. It all comes back to self-discipline and following my plan. I’m still demo trading (probably longer than most) because I have much to conquer with my character (I’m that serious about succeeding). Thanks for the article. Membership in the LTTTM community has been very valuable.

By: Kyaw Htay

Kyaw Htay — Fri, 08 Oct 2010 13:05:19 +0000

I always agree with you , Nial.