Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders

Archives

Are You Disappointed in Forex?

September 25, 2017 by Andriy Moraru

Forex can be rather addictive. It can also look like a miracle to many beginning traders due to its features: accessibility, high leverage, huge daily volume, large spectrum of trading instruments. However, sooner or later all traders reach a certain level of disappointment in the whole thing.

In reality, disappointment is just a stage in the trader’s professional development. It is mostly inevitable due to the high probability of getting hit with a losing streak or being crushed by some black swan event. When such time comes, it is important to find a way to cope with losses, even the big ones; moreover, it is crucial to remain honest about your losses. Then you can return to learning, practicing, and acquiring new trading skills. An example of a high-value action to jump-start your stalling progress in FX trading is removing at least some of the distractions.

A Frustrated Forex Trader Throws His Trading Station Out

Some people cannot get past it — either due to psychological reasons or due to the lack of necessary skills, abilities, or traits. I was through this stage a few times, but I would not call myself a disappointed trader. Yes, I view currency trading somewhat differently from how I dreamed about it during my newbie days. That being said, it is still my number one priority as a career choice, but my expectations are far less get-rich-quickish now. And how about you?

Are you disappointed in Forex trading?

View Results

Loading ... Loading ...

If you want to share a story about how you became disappointed in Forex trading or how you overcame such a disappointment, please use the commentary form below to do so.

Leave a Reply

required
required (will not be published)
optional