What’s the biggest frustration or challenge that you’ve faced in trading fx?
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My biggest challenge is making consistent profit in forex but still I could make a consistent profit.
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Being Cool, Calm and Collected, which has been an ongoing challenge.
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Boredom. It’s a killer!
If there isn’t a trade available to me, and my money isn’t ‘working’ I get antsy. And I find it very difficult not to get distracted (I’m typing this when I should be doing other things tbh!).
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Finalizing a trading plan
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Can understand brad! Happens with me too.
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The biggest frustration or challenge in forex trading is sometimes the charts do not make sense, and you do not know how to interpret it.
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Actually having a frustration is the biggest frustration…
A trader needs to trade without emotions involved.
You cannot be frustrated at the market behaviour… It is you who has a problem.
You already know market doesn’t always respect technical levels… you already know market runs stops before resuming … You already know market is slow sometimes… you already know you can’t have a 100% win rate… what are you frustrated at? Everything is expected.
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Nesting of frustration into the mind of traders is a common phenomenon in Forex space. But we should not let it be like this because it will disengage us from trading. We should identify the market trend first to trade in the right direction.
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That traders cannot come of trading is the biggest frustration of traders. But make sure frustration doesn’t lead you to make any wrong decision. Traders around the globe are plagued by the disease. Spend your time in learning more and more about Forex trading because it will carry the ultimate success for you.
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Keeping my brains together. Trading can turn into a nightmare!
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It’s not knowing what went wrong in my trade. I have accepted the fact that I can’t move ahead without losses. But at least, I need to know what went wrong so that I don’t repeat the same mistake.
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It could be challenging to understand the forex market as an amateur trader, the best way to avoid this is to learn more and stay updated with the latest news and trends.
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same understanding charts sometimes its confusing
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I find it very difficult to stop getting greedy. Time-to-time I have to run a self-analysis if I am being greedy or not.
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Forex trading didn’t come easily to me right away. I spent many months trying to find the right strategy and studied all the options so as not to lose my money. I partially succeeded, but I’m still learning.
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I find it frustrating when my trading strategy is losing edge and I have to backtest. It becomes more frustrating that even after numerous backtesting I don’t get the desired results.
It really is challenging to be consistently profitable. Are you following a trading system?
Same for me. I still have yet to master my emotions when trading.
Yeah it really is boring. Then once you’re in a trade it’s just a waiting game.