Why you should not give up forex trading?

e_abrams

Trader
Dec 11, 2020
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Agreed, pointlessly carrying on with something that is not meant for you, I see no good in that as well. Yes, traders should give it a good try, not that leave this market after the very first loss that they incur. It is better that one patiently tries for some time if possible, and then can decide if he wants to carry on or not.
My point exactly. Clinging to something when it's not working out at all costs does, usurprisingly, come at a pretty high cost.
 

e_abrams

Trader
Dec 11, 2020
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I do firmly believe that sometimes, some people should, indeed, quit. There is no point in persisting with something that is just not working out.
 

awofrans

Newbie
Feb 21, 2021
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Hi. Please can someone suggest a good forex journal that will enable me to input my chart apart from excel worksheet?
 

Jerry_Ken

Trader
Dec 11, 2020
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I do firmly believe that sometimes, some people should, indeed, quit. There is no point in persisting with something that is just not working out.
It depends actually, better take a break than leaving it altogether at once. Yet i'd say each one has priorities and risk taking abilities , so need to consider that.
 

e_abrams

Trader
Dec 11, 2020
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Perhaps. But if it still is not working out after several breaks, that is a good indication that maybe a different occupation would be better. There is no shame in knowing what one is good at and what's not for them.
 

Sheldon56

Trader
Apr 18, 2020
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As a newbie, you will not be able to make such consistent in profit so you are easily influenced to give up. So it is advised that you should try to keep practicing and improving your skill, while maintaining the knowledge and staying disciplined so that you can make a sounding decision.
 

e_abrams

Trader
Dec 11, 2020
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Some people don't really improve even after years of practice. What is the point of not giving up when that only leads to more financial losses for them?
 

vicjon1995

Trader
Sep 29, 2020
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Some people don't really improve even after years of practice. What is the point of not giving up when that only leads to more financial losses for them?
I think that’s true. Some people are not meant for trading. Being profitable takes so much more than just time. Discipline and strategy matters a lot. Some people fail to keep a journal. Please keep in mind, if you are not keeping a record of your trades, you will never improve.
 
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e_abrams

Trader
Dec 11, 2020
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I agree. If they are not improving, they are losing money and they are miserable, why keep doing that when they can quit and pursue something else that will make them both happy and allow them to profit?
 

sunar14

Newbie
Jan 17, 2021
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Some people don't really improve even after years of practice. What is the point of not giving up when that only leads to more financial losses for them?
It's hard to tell apart lucky streaks and increased performance because of your personal improvements. There are some criteria that are still subjective. This explains why some stubborn people keep trying.
 

vicjon1995

Trader
Sep 29, 2020
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I agree. If they are not improving, they are losing money and they are miserable, why keep doing that when they can quit and pursue something else that will make them both happy and allow them to profit?
I know right. Unfortunately, many people are ignorant of this fact.
 

e_abrams

Trader
Dec 11, 2020
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Many people keep hoping things would change. Others telling them that they are just not working hard enough also doesn't help.