5 Reasons Forex Traders Fail

[Dwayne]

yes , one of the reason choosing a wrong broker , because the broker can affects the result of your trading with certainly , so be careful when choosing a broker.

True. Its important to choose the right broker. Many people dont do a good research before choosing one.

 

[Erik Hughe]

Reasons traders fail can be lousy trading method and lack of discipline.

 

[bulls95]

Reasons traders fail can be lousy trading method and lack of discipline.

And lack of trading plan too.

 

[Andras]

When your broker goes rogue against you, nothing you do will ever work out. You will fail.

 

[kroxobor]

Ridiculously high leverage is one of the marketing gimmicks unscrupulous brokers use to attract their naive customers. It's a pity no one checks them.

That's why it is important to choose brokers from jurisdictions which cap leverage, like FCA. I heard with new rules you can't choose more than 1:20 in CFD trading.

 

[El Trado]

That's why it is important to choose brokers from jurisdictions which cap leverage, like FCA. I heard with new rules you can't choose more than 1:20 in CFD trading.

Depends where you are. In Europe I think the legal limit is 30 for non-professionals

 

[Stephen Andrew]

one of the reason wrong broker choosing , because right now its really a difficult task than before, lots of are found as scams in retail market place.

 

[heispark]

https://www.elitetrader.com/et/thre...-7-million-in-record-spoofing-penalty.337633/
Forex and Stock Index are full of noise. Avoid them.

 

[Ahmed Solaiman]

agree with andrew , wrong broker choosing is the another reason why traders losses , but generally newcomers cant choose top rating broker , because their minimum deposit and trading spreads too high.

 

[Abbas Ali Khan]

so many brokers which top rating available and they have micro accounts for the beginners . but its true their trading spreads really tight.