7 Habits of a FOREX LOSER!
Losing money in the forex market is totally pitiful! If forex trading were a religion, consistently losing your money would be a deadly sin.
The best way to avoid becoming a forex loser is to know how to spot one and to avoid the forex gambling mentality. By looking at the characteristics of a losing forex trader you will know the pitfalls to avoid.
We’ve all committed some of these errors (Trust me, I AM NO EXCEPTION!)
Fortunately, there are identifiable reasons why some traders fail and others succeed.
There are seven characteristics and attitudes that unsuccessful traders have in common, all of which lead them directly to failure:
- Unsuccessful forex traders are trading to get lucky and make quick money.
- Unsuccessful forex losers’ greed exceeds their need.
- Shameful forex traders think that trading is a game of chance and luck, and therefore do not seek out the education they would need to succeed.
- Pitiful forex idiots are not willing to pay for their education or mentorship.
- Moron forex losers are extremely unfocused.
- Forex jerks do not have a defined trading strategy instead they rely on the forex gambling mentality.
- Forex losers cannot handle their emotions when they’re trading.
Those seven characteristics of unsuccessful traders set a trader up to lose – with those characteristics and attitudes no trader could ever succeed at forex trading.
Did this post get you upset? Is your blood about to boil?
I’d love to hear some of your comments about other traits of a forex loser…
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Tags: bad trades, failure, forex gambling mentality, forex loser, forex luck, forex trading, losing money, losses, trading strategy, unsuccessful traders Posted in
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March 4th, 2010 at 8:16 am
[...] the original post: 7 Habits of a FOREX LOSER! | rapidforex.com general forexbad-luck, deadly-sins, experience-repeated, other-unsuccessful, unsuccessful, [...]
April 2nd, 2010 at 8:41 pm
4.Pitiful forex IDIOTS are not willing to pay for their education or mentorship.
5.MORON forex losers are extremely unfocused.
6.Forex JERKS do not have a defined trading strategy instead they rely on the forex gambling mentality.
I just came accross your website and saw the 7 habits of Forex losers and strongly object about the wording such as idiots, morons and jerks used in connection of people losing in the Forex market. Even if they fall within those catagories they dont deserve names like that. If I was a struggling trader and saw this on a website I will run as far as possible from it as it only displays what is on the inside.
I have a warm heart for those that struggle out there in the field of Forex trading and have put in thousands of free hours of training to help those. They surely are no names in my heart.
Thanks
Phillip
[Reply]
Rapid Forex
Reply:
April 2nd, 2010 at 10:22 pm
Philip,
This post was more of a fun post to write. I wasn’t poking fun at people who lose money, in fact people can lose money without being a “Forex Loser.” This was meant to illustrate what the worst characteristics of a fictional forex trader who is destined for failure would be like. I think if you read the post you’ll see that it wasn’t aimed at any specific people, or even people who have lost money.
If you look at my other blog posts, you’ll see they are overwhelmingly positive.
Thanks for the feedback though, I’ll keep that in mind when writing the next post.
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April 16th, 2010 at 5:16 am
A swift kick in the butt would be a lot less painful than being a “Forex Loser”! Phillip don’t be so sensitive.
[Reply]
Rapid Forex
Reply:
April 16th, 2010 at 10:35 am
Sometimes the truth hurts
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May 6th, 2010 at 10:16 pm
I agree the words used were appropriate as it certainly has waken me up. I don’t want people to feel pity for me, I want them to tell me honestly why is it that I am a “Forex Loser”.
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March 13th, 2011 at 2:15 am
Losses are part of the game but breaking rules and losing is a different matter.
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April 13th, 2012 at 11:49 am
only a few comments on this page?? Thats funny…I’ve just seen the immense number of fans on the winning specs now people did vanish on this losing specs side?? Hahaha….anyway Brian, the baseline of your recommendations are clear and need to be taken to account for those after winning the war and not merely the battles….thanx lol
[Reply]
Rapid Forex
Reply:
April 18th, 2012 at 10:51 am
@Adam – lol. I guess people on this blog have a mostly positive attitude
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