True or False? "More than 90% of FX Traders lose their whole Investment Fund"
“Investors’ Emotion” is a very important part of Economy, and also for your trading.
This article is originally referred from ValuTrades - 4 Biggest Reasons Why You Lose with Forex Trading.
It’s pretty shocking, but the fact is that more than 95 percent of traders lose their whole Forex investment pot in the first six months, as the market can certainly be unforgiving.
Part of the reason why this is the case is that there are still some people who see Forex trading as a get-rich-quick scheme.
This has strong links to the feelings of both luck and greed, two things that can act as a psychological block to anyone who is new to trading Forex.
There are some investors who take incredible risks from the moment they start trading, thinking that “all risk, all reward” is the right approach to take.
There is every chance that you could wrangle profits through this strategy on occasion, but the harsh reality is that luck always runs out within the Forex market, with greed having the potential to do long-standing damage.
Traders who consistently push the limits, opting for high-risk moves, are often asking for trouble from a psychological standpoint.
The allure of huge profits can certainly present quite an image to new traders, but when it comes down to it, luck and greed is a dangerous combination that can rip any solid trading strategy to pieces.
It’s pretty shocking, but the fact is that more than 95 percent of traders lose their whole Forex investment pot in the first six months.
Original Source: ValuTrades - 4 Biggest Reasons Why You Lose with Forex Trading