I know why. I know why you always place that trade and your hands get cold and you wait for that winning tone the broker makes, or that loss that pains your innermost soul and causes your head to be heavy with stress. Next thing you find yourself doing is blowing your account without caring since most of the capital is already gone. Then quite trading for a week and come back with a spirit to win only the same thing to happen.
First, if you have come back after failing twice, you are automatically promoted to the next grade of traders learning. Forex and Binary options are very risky careers and can lead to mental illness due to loads of stressed and tough decision making. Your ability to withstand loss and watch as your money disappear buck by buck is a painful experience but that doesn’t mean it shouldn’t happen, in fact, failure is a stepping stone to success. It helps you become a better person.
Now, after undergoing this, the question should not be “why do I suck at trading?”. Instead, ask yourself why should I succeed in trading. Don’t lie to yourself, otherwise, your answers will be worthless. Have you studied enough, do you understand your basic decision-making skills and can you act without emotions? These questions should be honestly answered before making your third deposit.
Note. Reacting to the market is wrong. Acting according to the market is right
Now that you can answer them correctly, start your trading at studying and assessing your trading pattern with a demo account with targets and perceptions like you would for a real account for a period of not less than 2 weeks. Maintaining this period teaches you discipline and patience. A pattern may be working and so you decide to try it out on the real account just the first day of getting it. Due to your emotions, undisciplined acts and lack of patience, you make wrong decisions and end up saying the trading pattern is not working.
There is no shortcut to trading, make the bold steps and make a change to your trading behavior
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