Interestingly, all of knowledgeable Forex traders are lucky here! On the other hand, low skilled Forex traders are unlucky when they try to trade seriously with their live trading investment! Basically, there is no secret of success! Be knowledgeable and be successful! I worked hard in my demo, even I didn’t consider the low percentage of successful Forex traders in Forex, as a result now I am able to earn money manually! So, success is not impossible here, just believe on yourself!
This list beneath is not the total list but it indicates a number of the matters ninety five% of foreign exchange traders do:
lack of proper hazard management
over buying and selling
loss of emotional manipulate.
No endurance to attend for proper trading setups
no trading plan
get wealthy quick mentality
counting pips rather than specializing in account boom over a long term period.
Can not receive trading loses as part of the manner
Yes agreed, low skill trader need to Polish up their skill in order to be more successful in trading. Alot lost cos they jump into real trading without enough skill n depend on luck. If that the case casino is much better option for them. Alot of them when lost they tend to turn into revenge trading...