5 Reasons Forex Traders Fail

[JimmyChoo]

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.

its a reason but not major at all , the major issue its all about lack of good knowledge and experience.

 

[Codrin]

One main reason is emotions

 

[Dwayne]

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.

Correct, its become a task to choose the right broker these days given the rife of scams at present.

 

[Stephen Andrew]

most of the people keep short term mentality, as a result they try to bring something more with very rapidly but Forex and success is a long term approach.

 

[Topstep]

One main reason is emotions

Absolutely.

 

[tradenet]

One main reason is emotions

One of the most strongest reasons certainly. Emotions turn out to be a huge challenge for traders only those who are able to control them can prove to be successful eventually.

 

[Codrin]

One of the most strongest reasons certainly. Emotions turn out to be a huge challenge for traders only those who are able to control them can prove to be successful eventually.

Could not agree more.

 

[christielowe]

Spot on! Add to this the greed of some traders and losing the long term vision.

 

[maxinger]

One more reason :

when do you trade forex?


If you traded forex in 2008, you could trade forex blindfolded.
Now you can't.

 

[Kajir]

Each time has its own advantage, so you need to use the ones that are now provided to us.