What are the biggest reasons of losing Money in forex - page 5
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The main reason is that people don't want to study about forex. They just want to make money quickly from the market. However, this is not possible. As a beginner one must spend time in learning.
Taking profits too early and taking loses too late. Thats the main reason.
Most of the times, unpredictable events (see Turkey and Brazil) make traders lose their money...
Forex trading is a kind of business that is not taught traditionally. Several traders that come in the market start directly without having enough knowledge to be able to generate profit.
Most of the times, unpredictable events (see Turkey and Brazil) make traders lose their money...
These things are beyond our control and we cannot avoid. The best thing to do is exit immediately.
Most of the times, unpredictable events (see Turkey and Brazil) make traders lose their money...
These are unfortunate happenings and at times its not possible to fight the system. Just make sure that you have the quickest way to withdraw your cash asap incase of such. Also make sure that your broker can protect your funds, just like the cyprian brokers did some months ago.
PAT
There may be several reasons according to trading personalities. But common reasons are get rich quick mind, revenge trading, greed and fear, underestimate risk,etc
Some learn quickly and master the markets faster than others. While some adapt quickly and become pros in a few years, others would have to struggle with the markets for many years before they can become triumphant. One quicker way to trading mastery is to copy the techniques from successful traders.
These things are beyond our control and we cannot avoid. The best thing to do is exit immediately.
The best thing is to go to sleep with all the stop loss activated.
You shouldn’t expect to get an emotional uplift or feeling of quiet peace every time you trade, but as you continue your commitment, your attitude, outlook, and conduct will be like those of mature traders.
It's easy to say "you shouldn't", but how do we attain/train these qualities?