MemberSeptember 4, 2021 at 11:02 am
Why do you think up to 90% of Forex Traders quit trading in first three years?
MemberSeptember 4, 2021 at 11:04 am
I guess they quit because of the following reasons
1. Trading Without Plans
2. Emotional Trading
3. Lack of Planning
4. Funds Management
MemberOctober 21, 2021 at 7:50 am
Main cause is Poor risk management. Risk management plays a vital role in forex trading.
MemberOctober 23, 2021 at 11:51 am
Forex is very volatile and offers higher leverages. Due to this, many traders loose their entire capital and start to hate forex. It’s better to use minumum leverage with good risk management to stay in the market.
MemberOctober 23, 2021 at 11:58 pm
Many traders develop an emotional attachment to the product that they are trading. This is because they spend so much time nurturing their feelings and views. But yeah everything too much is dangerous.
MemberOctober 25, 2021 at 4:23 am
Trading in particularly requires certain skill set. But unfortunately, any one can directly invest in the market without any experience of training. In the beginning stages people invest before learning the basics and they assume Forex is not for them and they quit. My humble request is to learn, do lots of paper trade. Start Forex trade with half of the capital you have then as you make profit and gain confidence gradually increase your investments. By this you can win and stay long in this game.