Why does average forex traders loose too much
I would say what makes the average forex trader lose is lack of in-depth experience of how the market works. A majority of those raking money from the forex are those who are spent more time in it, gathering a larger volume of exposure and experience as well. What makes it worse is that instead of the average trader to try increase his portfolio of experience, he is easily distracted to start chasing the money too quickly.
many reasons why a lot of traders who suffered loss in forex trading. One is the lack of skills and good trading psychology. in forex trading, and trading psychology skills are essential. In addition, not use SL when trading is a trader causes loss
the average trader suffered loss because it has a bad psychology. 90% of traders loss due to trading psychology. In forex trading, the psychology is something important, to have a good psychology will allow us to trade with the maximum. Therefore, we should be able to practice psychology of trading by trying to trade using small capital like $ 1
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Average forex traders no doubt have very good analyzing skills. In fact, most of their analysis are more than 50% correct. But why do they lose too much? The best theory of trading is this: Minimize your loss and Maximize your profit.
When trading, it is very important to grab as much profitable pips as you can. If the trade goes against you in any instant, it is very wise to close it immediately. This is where some traders become reluctant thinking the trade will again turn in their favor. You can always close your trades and open again some other time in order to avoid heavy loss.