Hello and welcome back to today’s post, dear beginner trader.

In today’s post, I will share with you my six reasons why most traders don’t stick to their forex trading systems and plans, and what to do about it today if you must succeed as a beginner trader.

Based on my experience as a financial market trader, this is a very sensitive subject for beginner traders if I must say. 

 

So, let’s get started.

My first question to you today is why do most forex market traders fail?

Were you shocked that I’m asking you about other forex market trader’s problems?

Maybe not, you see, my dear beginner trader.

When it comes to trading the financial market, making profits through the forex market, stocks, and shares is not an easy job.

Inadequate trading methods, and a lack of confidence, patience, and discipline can lead to a lack of success in the financial market.

A trader should know the tricks of trading.

Inexperienced traders, who lack insight, risk all their money in one asset without planning before investing.

Planning is a necessary standard in the financial market, as complex trading techniques and lack of planning will contribute to the failure of the trader; therefore, successful traders always develop a plan.

 

1. Lazy Financial Market Traders Will Fail For Sure:

Without significant planning, a trader will fail for sure.

Many traders are too lazy to develop a successful trading plan, as it requires a lot of effort.

Effort is necessary for success in the financial market, not just luck.

Traders who are too confident and lazy are always in a hurry to chance their luck, which fails.

 

2. The Demon Of Too Much Trading:

Most of the traders have an addiction to the financial market and invest too much money.

In the process of trying to win more and more money, greedy traders can lose a significant amount of money.

Good traders should not act like gamblers, as trading in the financial market is more skillful than gambling at the casino.

 

3. The Sin Of Avoiding Demo Trading:

Demo trading is compulsory before actually trading.

Traders who are too confident and greedy do not understand the significance of demo trading.

Demo trading should be done over an adequate time so that a good knowledge of market trends and trading techniques can be obtained.

You can get a good idea about how you will perform in real trading through demo trading. In most cases, it is found that traders who cannot earn profits in demo trading cannot earn profits in real trading either.

 

4. The Mistake Of Complex Trading Methods:

Complex trading methods will not get you very far if I must say.

Trading methods have to be very thorough, easy to understand, and useful.

In the long run, simple trading techniques will bring big advantages.

Successful traders have a concrete trading plan.

Simple trading strategies enable simplicity in trading, and price action is the simplest trading technique that keeps simplicity in trading.

Complex trading methods and strategies will only waste time without achieving any healthy returns.

Simple trading methods are a skill that requires discipline, practice, and patience.

 

Six Reasons Why Most Traders Don’t ”Stick To Their Forex Trading Systems And Plans” And What To Do About ”It”

 

1. No Reason For Confidence In “It”– If you’re creating a new system from scratch without a guide and you’ve got little or no experience about why this would work, then it’s easy to lose faith in “it.”

To combat this, use a system you know that already works for others.

The most successful Forex traders often “swipe and deploy” ideas that are already working and get coaching, mentoring, or hiring someone to help implement this system in their trading career.

You can also read books, buy courses, attend live events, or hire consultants to learn and create these systems.

 

2. No Confidence In “Self”– Your past does NOT equal your future.

So many financial market traders simply abandon plans because they’ve “failed” in the past.

Once you abandon and truly grasp that your past failures are simply things you learned from and move forward, you will astound yourself with what you can accomplish.

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3. Insufficient Reasons To “Stick To It”– What is the best possible outcome of what you’re trying to accomplish? Don’t just write “make more money” or “save time,” but write down what that money will do for you or what you can now do with your extra time.

Then write down why you want that.

Get to the reason behind the reason.

Keep asking, “What will this do for me?” and then you’ll know whether there’s a reason to accomplish what you’re trying to accomplish.

 

4. Too Hard To Do “It”– This is actually the best reason to do “it.”

Traders waste a lot of time and money trying to simplify something that requires a complex solution.

If to accomplish your goal, it’ll require 20, 30, or 40 steps.

How many other people do you think are going to take the time to create this system?

You’ll have given yourself a financial market trading asset that is almost impossible to replicate.

So roll up your sleeves and start building and creating it.

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5. I.N.I.’s– Ignorant, Negative, Influences.

The more traders you tell about your trading plan, the more traders you’ll meet that will tell you why it won’t work.

Be careful about who you tell, because often traders with the least experience in what you’re trying to accomplish will offer the most advice or criticism.

Get rid of these traders as advisers and instead seek out traders who’ve accomplished similar goals and have been where you have been and will provide educated, positive insights.

 

6. Isolation– The financial market trader is the loneliest person on earth.

It’s been said. It’s hard to have courage in the dark by yourself.

So what’s the answer to this?

Easy, don’t go it alone.

Get traders to come on your journey with you.

You can take someone inexperienced but working towards the same goal or, better yet, find or hire someone who knows the way and let them guide you.

 

There you have it, my six reasons why most traders don’t stick to their forex trading systems and plans and what to do about it today as a beginner trader.

 

Congratulations, as you plan and make every right effort to succeed as a financial market trader.

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P.S.: If you have any questions regarding this post, kindly go ahead and comment in the comment section below or share this post with your financial market trader friends using the share button on this post page. Thank you!

I want to see you succeed in life and in your financial market trading career.

 

Talk to you soon,

 

Daniel Ohuegbe,

14-Day Career Freedom Opportunity Founder And CashForex Trading System Creator!

14-Day Financial Market Success Mentor! 

Dedicated To Redeeming Your Career And Financial Freedom!