What are the possibilities to succeed as a naïve trader

vickymacklean · March 19, 2018

In many articles, you would have read that 95% of the traders fail in trading but sadly, the internet is full of fluff and unreliable information. Even if it is true why do you need to care about that? If you want to become successful you should not care about the ones who are failing rather focus on the ones who are making an effort to win. If you look at the traders in the United Kingdom they have been trying and succeeding in trading because they don't focus on the negative information. If you want to become as successful as they are you should also think about the bright side of trading rather than the tantrum of negativity. Actually, the 95% static is not proved so it is just a general view so you need not think about it. There are naïve traders who have the potential to succeed yet they cannot reach the maximum due to this general statement. There are many facts that are psychologically proved when a person forced to believe on something it is very hard to take him out of it afterward. Likewise, most of the traders believe that they cannot succeed or the possibility to succeed as a naïve trader is low. Actually, it is not true each and every naïve trader can succeed in trading if he or she works hard for it. It is the matter of dedication.

You are responsible for your trading result

If you say that the market is manipulated and no one can make a consistent profit you are absolutely wrong. You have to understand the fact that losing is just a part of your trading career. As a new trader, you have to be extremely determined to learn about the nature of this market. Without having a clear idea about the structure of the forex market, it will be impossible for you to make a consistent profit. Always consider the longer term time frame and try to place a trade with a simple trading system. Never trade this market based on other people opinion.

If professionals are making money, why can't you

You should think positively in all the time. If professional traders can make money why can't you? They don't use any magical online trading platform or strategy. They are also using the same platform that you are using so what is the difference? You should understand the major difference between you and the professional traders. The major difference is that having a barrier in reaching the potential. The professional traders do not have a barrier to reach the potential or they did not consider anything as a barrier. They believed that they could be among the 5% of successful traders although it was just a statement. What you should understand is your thoughts matter a lot in trading. You should have positive thoughts if you want to become the successful trader and if you want to make money by trading.

What is the major problem seen among naïve traders

Actually, when considering the facts regarding why naïve traders find it hard to make money it is mainly because of the negative thoughts but then, there is another factor as well. Most of the naïve traders do not focus on the strategy so they just use some random strategy which is not the proper ways to trade the market. You should analyze the market risks before you enter into a trade.

Believe that it is possible to make money

You should not think that it is not possible to make money by trading because it is possible. You can easily make money by trading if you have the trust in yourself. If you lose hope you can never become a successful trader. So, like the professional traders, you should also believe that it is possible to make money by trading.

Ross Edwards · March 21, 2018

Undoubtedly forex is a highly competitive and risky market place where traders may face losses in many instances due to the changing environment of forex market as well as frequent changes in world economy. But when it comes to naïve traders the trading becomes much difficult since they lack proper trading skills. However, practicing demos for sufficient time, working with smaller amount, using stop loss, trail stop or take profit and trading with a reliable, trusted and regulated broker: all these can help new babies to engage in successful trading. When I was new entrant I did all the mentioned things and my broker was AAFX.

uncle gober · March 23, 2018

I really agree with that. that's why traders should be able to get better and get more leverage in managing funds and risks that exist in the real account with better and more leverage than ever before.

Bennie Carey · March 25, 2018

A covetous individual and a needy individual are in every way that really matters one and the same. As you may know, various traders have persisted because of eagerness. It is astoundingly ruinous for trading. I am controlling my avarice and trading with FreshForex broker. The strongest online forex broker. Especially for you this broker organized a promo with the boldest terms to secure your exchanges! They give 100% no deposit bonus. Use is 1:1000.