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THE SILENT EXODUS: EXPLORING WHY TRADERS ABANDON THE MARKETSMarketing serves as a powerful catalyst, attracting millions of newcomers to trading each year, many of whom quickly incur losses, much to the delight of brokers. In most instances, these losses can be attributed to the traders themselves. Regulators make efforts to warn those seeking quick profits, often highlighting disclaimers on the home pages of nearly every broker's website. However, this doesn’t deter many individuals from entering the market. While it is true that after a few weeks or months, many traders abandon trading entirely, only a small percentage of those who leave ever return. Many are familiar with the statistic that suggests 90% of traders lose 90% of their money within just 90 days. This striking figure underscores the challenges and risks associated with trading. 📍 TRADING OR EMPLOYMENT "Start working for yourself" This rallying cry echoes through countless videos, books, and articles focused on financial independence, self-motivation, and personal development. The benefits of self-employment are numerous: You’re free from the pressures of management, which often comes with constant demands and can dampen your spirit with their dissatisfaction. You’re not bound by a rigid work schedule, allowing you to take breaks whenever you need without the hassle of requesting time off. There’s no obligation to adhere to corporate dress codes or behavioral standards. You can prioritize your health by taking breaks as needed, rather than pushing yourself to the limit. You save precious time by eliminating lengthy commutes, rather than spending two hours traveling to and from work. You can enjoy peace of mind without the constant worry of being fired at any moment. You have the freedom to manage your own time and control your income. A self-employed individual tends to be optimistic about the future, believing that they can shape it to perfection. Trading is one pathway to achieving financial independence, and one of its main advantages is that you can start with just $1000 and a few hours of dedicated practice after work. However, in reality, many experience disappointment as the challenges of trading become apparent. 📍 1. FREEDOM COMES WITH RESPONSIBILITY After experiencing initial setbacks, a trader soon realizes: 🔹 There is no guarantee of a consistent income in trading; instead, there's a significant risk of loss. In a traditional job, a paycheck is typically guaranteed. 🔹 Achieving a stable income through trading requires hard work and dedication—it relies entirely on your own efforts. Contrast this with a job where you could occasionally slack off or take smoke breaks without any impact on your salary. 🔹 The cost of a mistake in trading is your own money. In a job, salary cuts are rare, and while management might voice their frustrations, you can often tolerate the pressure. 🔹 Financial discipline becomes paramount. While it’s possible to ask for time off, arrive late, or take it easy in a corporate job and still receive your salary, in trading, laziness directly correlates with diminished returns. The more you slack off, the less you earn. 📍 2. SELF-MOTIVATION One of the greatest challenges of being self-employed, particularly in trading, is the imperative to motivate oneself consistently. It requires discipline to wake up at a set time instead of indulging in the comfort of staying in bed until late morning. The allure of self-employment often leads to a false sense of freedom, allowing procrastination to seep in with thoughts like, “I’ll sleep just one more day and start fresh tomorrow.” This mentality can be tempting, especially when there are no immediate consequences to breaking your own schedule. In a traditional job, the structure is clear—if you fail to adhere to a timetable, you risk disciplinary action or even losing your job. In contrast, self-employment can foster a more relaxed approach, where late starts and distractions like binge-watching TV shows can take precedence over important tasks. However, this path can lead the self-employed individual back to where they started—feeling subdued by the very freedom they sought. Without external accountability, the trader might find themselves floundering, lacking the motivation to push through challenging days. Ultimately, the responsibility falls solely on them to create a routine, set goals, and maintain the drive necessary to succeed. In this realm, it becomes essential to cultivate self-discipline, transforming the vibrant freedom of self-employment into a powerful engine for productivity rather than a pathway back to the constraints of traditional employment. 📍 3. FAILURE TO STOP IN TIME Another extreme in self-employment occurs when individuals become so absorbed in their work that they risk burnout. The overwhelming workload can render the structured environment of a previous job seem like a utopia, where the stress was lower and work hours were clearly defined. In this state, income becomes the sole motivation to continue. If the financial rewards from trading are only slightly above a previous salary—especially when weighed against the stress and exhaustion—many traders may find themselves reconsidering a return to traditional employment. This highlights the necessity of establishing boundaries and prioritizing self-care. Striking a balance between professional ambitions and personal well-being is critical for sustained success and happiness in self-employment. 📍 4. EMOTIONAL BREAKDOWNS Emotional breakdowns can arise as a consequence of stress, heavily influenced by an individual’s previous work experiences. For someone coming from a job filled with constant stress and pressure, trading may initially feel like a liberating and fulfilling pursuit. However, if their prior role was calm and unchallenging, the high-stakes nature of trading—marked by significant risks and rapid decision-making—can lead to overwhelming emotional strain. The stark contrast between their past work environment and the volatility of trading may trigger anxiety and emotional instability. This highlights the importance of understanding one's emotional resilience and stress tolerance before diving into a high-pressure endeavor like trading. Acknowledging these differences is crucial to managing stress and preventing emotional breakdowns in the pursuit of success. 📍 IS THERE A WAY OUT? Many traders leave the field due to their inability to acknowledge mistakes, manage time effectively, and take personal accountability. The pressure of sole responsibility can be overwhelming, causing their trading endeavors to falter. In a traditional job, it’s easy to attribute failures to external factors such as a boss, colleagues, or economic conditions. Similarly, in trading, one might blame brokers or market fluctuations. However, losses are inevitable, and without self-reflection, traders often label the profession a “scam” and revert to their previous roles. The core issue lies in the perception of comfort. In trading, comfort is subjective and often equates to a personal sense of responsibility. If you are willing to own your decisions and embrace the challenges, then trading can be rewarding. Conversely, if comfort for you means avoiding responsibility and sticking to a structured environment, trading may not be the right choice. Ultimately, understanding your own expectations and readiness for accountability is crucial for success in trading. 📍 CONCLUSION Many insights seem self-evident, yet traders often overlook them until they face these realities firsthand. The information presented in this post may appear straightforward, but beginners frequently dismiss these truths, clinging to the hope that the challenges of trading will somehow lessen over time. If you are embarking on your trading journey, it's essential to recognize that trading is hard work. Be prepared to invest significant time and effort into learning and gaining experience. It is crucial to set realistic expectations and understand that, especially in the initial stages, your focus should be on education and skill development rather than seeking immediate profits. Allow yourself at least the first six months of intensive study before considering trading with real money. Embracing this approach will not only equip you with the necessary knowledge but also help build a sustainable foundation for your trading career. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
2
MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently consolidating within a horizontal range on a daily. I am waiting for a breakout of a one of the boundaries of the range to confirm the future direction of the market. I think that the price may keep coiling before the FED rate decision on Wednesday. 2️⃣ EURNZD daily time frame 🇪🇺🇳🇿 Similarly to USDCAD, EURNZD is also in a deep consolidation. The pair trades in sideways for many days, perfectly respecting the same horizontal resistance and support. Our trigger and the signal will be its breakout. 3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦 We see a violation of a significant daily horizontal resistance and a formation of a new year's high. It indicates a clear strength of the buyers and a highly probable further bullish continuation. I will look for a retest of a broken structure to buy from there. 4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭 I see a confirmed breakout of a resistance line of a falling parallel channel. With a high probability, the price will go up after its retest. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
PIMCO Warning on Fed's First Cut in 4 Years next week The only event that matters next week is the US Federal Reserve's interest rate decision, which could result in its first rate cut in over four years PIMCO analysts, in a fresh note, outlined what could be in store for the U.S. dollar as the Fed embarks on its rate-cutting cycle. Historically, the dollar has shown a tendency to weaken, at least briefly, following the Fed’s initial rate cuts since the 1990s. The Fed now faces a tight decision on whether to opt for a larger-than-expected half-point cut or stick with a quarter-point reduction. An aggressive half-point move could raise concerns that the central bank is concerned about the economic outlook for the US, potentially prompting markets to price in further, more drastic rate cuts beyond the Fed's current trajectory.
ECONOMICS:USINTR
by BlackBull_Markets
Xauusd The daily chart for XAU/USD offers a neutral-to-bullish stance, with the pair still meeting intraday buyers around a bullish 20 Simple Moving Average (SMA). Technical indicators, in the meantime, lack directional strength, with the Momentum indicator stuck around its 100 line and the Relative Strength Index (RSI) indicator consolidating at around 58. Finally, the 100 and 200 SMAs keep grinding higher, far below the current level, limiting the bearish potential in the wider perspectiv Gold now sell 2516 Support 2500 Resistance 2525
OANDA:XAUUSDShort
by JohnHarry_7
2
EUR/USD: BofA’s Expectations for This Week Bank of America (BofA) is in line with market expectations, predicting that the European Central Bank (ECB) will announce a 25-basis point rate cut in its decision this week. BofA also foresees a modest downside risk for the EUR, driven by a potential dovish shift in the ECB's forward guidance. In the EUR/USD, recent price action saw lower lows and lower highs on the four-hour chart, hinting at a possible bearish reversal and signaling the end of the bullish trend. An important question: What might happen at the next test of the 1.1000 level? This level was a key battleground for the pair in 2023.
by BlackBull_Markets
Calm in the Chaos: Handling Panic During Trading ChallengesPanic can manifest in trading when unexpected events occur, such as sudden news announcements or price reversals. During these moments, traders are often prone to making impulsive decisions, such as adjusting stop-loss orders, prematurely closing trades at a loss, or holding onto losing positions for too long. This kind of panic can severely impact one’s emotional and psychological well-being. While external factors can provoke these feelings, it is crucial for traders to learn how to manage their emotional responses. 📍 Strategies for Managing Panic in Trading Although the following tips may seem obvious, they are frequently overlooked, particularly during moments of panic. Acknowledging their importance can help traders regain composure and make rational decisions. 1. Deep Breathing Techniques Begin by taking a deep breath in through your nose, counting slowly to four. Hold your breath for a few seconds, then exhale slowly through your mouth while counting to four. Repeat this process several times until your breathing becomes more even and calm. By focusing on your breath, you can help your nervous system relax, allowing you space to regain clarity. 2. Distraction Engaging in an alternate activity that requires concentration can be beneficial. Puzzles, reading, or even listening to calming music or nature sounds can divert your attention from the stressful situation at hand. Joining online forums for discussion can also serve as a useful escape, allowing you to clear your mind and gain perspective. 3. Rational Analysis Take a moment to evaluate the situation by asking questions such as: “What specifically is causing my panic?” and “What are the real risks involved?” It may turn out that the circumstances aren't as dire as they appear. Create a list of potential solutions and their implications, providing a clearer view of your options. Writing down pros and cons can further aid in rationalizing your thoughts. 4. Set Realistic Goals Establish clear and achievable objectives for each trading session. Avoid setting expectations for unrealistically high profits in a short timeframe. Recognize that losses are an inherent part of trading; anticipating them can make dealing with panic more manageable. 5. Incorporate Relaxation Techniques Regular meditation, yoga, or stretching exercises can help alleviate physical tension and improve emotional control. Techniques such as aromatherapy or taking warm baths can also promote relaxation. For those experiencing chronic tension, these practices may offer lasting relief from panic attacks. 6. Cultivate Positive Thinking Shift your mindset by replacing negative thoughts with affirmations. Instead of telling yourself, “I will lose everything,” reinforce the belief that “I can control my risks.” Recall past instances where you successfully managed stressful situations and celebrate small victories in your trading journey. Building self-esteem based on real accomplishments is essential, as both inflated and diminished self-worth can hinder decision-making. 7. Limit Exposure to News and Social Media During periods of market panic, news and social media can be rife with negative information, exacerbating your anxiety. Consider avoiding these sources until you regain your composure. 8. Understand You're Not Alone It's important to remember that all traders experience panic from time to time—it's a normal part of the trading landscape. Acknowledging this reality can help prevent panic from obstructing your capacity to make informed decisions. 📍 Conclusion Maintaining composure in the face of panic is critical for effective trading. While it may feel easier to take no action during such times, doing so can adversely affect your mental health. Developing strategies to manage your emotions is essential not only for your trading success but also for your overall well-being. By practicing these techniques, traders can learn to navigate the high-stakes world of trading with greater confidence and resilience. Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Education
by Lingrid
9
XAU may rise further in the short termGold is under pressure from weakness in global equities. However, the trend in gold prices remains bullish and these losses are only corrective. on the yellow metal’s resistance levels above $2,510/oz and expect gold prices to break $2,543/oz soon. The current environment is risky for most popular commodities and gold offers the best protection against depreciation. Accordingly, gold stands out as the commodity where Goldman Sachs has the highest confidence in the near-term upside. They continue to maintain their upside target of $2,700/oz by early 2025 and have opened a gold trading recommendation for three reasons.
OANDA:XAUUSD
by TrategySherpa
USDCAD - Set and Forget1. Objective: The objective is to enter a sell trade and ride the expected downward trend to the Wave 5 completion. 2. Key Levels: Resistance Levels: 1.35880: Major resistance level (D1 R) above Wave 4. Support Levels: 1.32672: Key support level (D1 S) and the expected completion of Wave 5. Invalidation Level (Stop Loss): 1.35880, the resistance level, as a break above this would invalidate the expected downward move and signal that the Wave 4 correction is still in play. 3. Entry Strategy: Entry Point (Sell Stop): 1.34990 This level is slightly below the current price and the confirmation sell stop level indicated on the chart, signaling the start of the bearish breakout. 4. Profit Targets: First Target (Conservative): 1.34000 This is a minor level, providing a conservative target in case the move takes time to develop fully. Second Target (Aggressive): 1.32672 This is the key support level (D1 S) and the expected completion of Wave 5, making it the aggressive target for the full downward move. 5. Stop Loss: Stop-Loss Level: 1.35880 Set above the resistance level of 1.35880 to protect against further upward movement in case the analysis is invalidated. 6. Risk-Reward Ratio: Risk: 89 pips (from 1.34990 entry to 1.35880 stop-loss). Reward for Target 1: 99 pips (from 1.34990 entry to 1.34000). Reward for Target 2: 232 pips (from 1.34990 entry to 1.32672). Risk-Reward Ratio: Target 1: 1:1.11 (for a conservative target, acceptable). Target 2: 1:2.6 (for an aggressive target, highly favorable). Conclusion: Strategy: Enter a Sell Stop at 1.34990, with a stop-loss at 1.35880. Profit Targets: First target at 1.34000 and second target at 1.32672. This plan offers a strong risk-reward ratio, particularly when targeting the extended move to 1.32672, which aligns with the completion of Wave 5. This trading plan provides a clear structure, strong risk management, and high probability of success based on the current wave structure analysis. Trading Suggestion Sell Stop Entry Level: 1.34900 Stop Level: 1.35700 Profit Level: 1.32700
Short
by TradingDame
1
EURUSD, what is next baby? Show me some loveEURUSD FA: few things that pushing down EUR are business sentiment and inflation in services 1. According to the European Commission, the overall Eurozone business sentiment index increased to 96.6 points vs 96 before. Business climate in industry is already in the area of local lows -9.7 vs -10.5. The most stable segment, services. 2. Everything but energy is rising on a year-over-year basis. The main components of annual inflation in August are highest in services 4.2% vs 4.0 in June, followed by food, alcohol and tobacco 2.4% vs 2.3%, industrial goods 0.4% vs 0.7%, energy -3.0% vs 1.2% TA: After taking global swing and top of global range at 1.114 EUR made a deviation and closed on weekly time frame inside of this range which consider to me as a reversal, i would love to see 0.5 test of this global range in next few weeks Locally EUR has a reversal and has downtrend on 1h time frame with first potential target as daily FVG at 1.08932-1.0837. Keep in mind there might be some manipulation till 1.1093 area at the beginning of the month before further move downwards. If 1.1032 lvl will be failed and I will see aggressive movement down, i will be looking for short position till daily FVG But overall I am bearish on EURUSD unless i see reversal pattern on 1h time frame (double shift) then my plan will be canceled and i will be looking for long positions
by Almenio
GBPUSD - Set and ForgetElliott Wave Count: Wave 1-3: The impulsive movement upwards is clear, with Wave 3 being the most extended. Wave 4: A corrective phase, consolidating near the support level around 1.31000. Wave 5 (Projected): The anticipated upward move, targeting the 1.34024 resistance level, which marks a key zone for the completion of the Elliott Wave cycle. Key Levels: Support Level (S1 H4): 1.31000, marking the bottom of Wave 4. Resistance Levels (R2 H4): 1.32660 and 1.34024, representing potential targets for the projected Wave 5. Confirmation (Buy Stop): Set above the trendline break at 1.31300 to confirm the upward move. Entry Strategy: Buy Stop Order: Place a buy stop at 1.31300, slightly above the current price to confirm the breakout of the corrective phase and the start of Wave 5. Target: Take Profit: Set your take profit at 1.34024, which is the upper resistance level and the projected completion of Wave 5. Stop Loss: Stop Loss: Place your stop loss just below the support at 1.31000 to protect against any false breakouts or downward continuation.
Long
by TradingDame
1
EURGBP: Your Trading Plan Explained 🇪🇺🇬🇧 EURGBP is currently stuck on a key daily horizontal support. The price is consolidating within a horizontal range on a 4H time frame. With a release of US PMI, we see a positive bullish reaction and a test of the resistance of the range. Its bullish breakout and a 4H candle close above will provide a strong bullish signal. A confirmed violation will open a potential for a further bullish continuation. Next goal will be - 0.845 Alternatively, a bearish breakout of the support of the range may trigger a bearish movement lower. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1