10 Top Reasons Why Forex Traders Fail

Sergeant Posts : 184 Join date : 2022-06-08

Why do so many people give up Forex Trading? How do you prevent winning trades from turning into losing trades? The barriers to entry in forex are very low so why do so many traders fail? I think its two-fold - subconsciously we are very used to getting what we want very quickly. Forex is hard work though - even though externally some people still market it as a quick rich scheme. Yes, you can make money very quickly but you can likewise lose a lot of money quickly. I am money motivated and I don't think there is anything wrong with that but if I were to get in just for the money I don't think I would be successful.: