Why traders Fail

[Nugacious]

Trading without a plan has to be the biggest mistake that traders make. Talk to any successful trader and they will tell how important it is to document all their trading moves and risk management rules. This keeps you from selling short when you can accomplish much and making timely exits.

 

[Prelect]

It’s normal for traders to not know what challenges they may have to face in the market. But if they don’t even prepare themselves for the unexpected moments, they are bound to fail. The moving market gives you opportunities to win and lose. It is up to you what you tame.

 

[SaadBinToha]

Honestly, I want Forex traders to take small lot in trading so that they can be benefited. Besides small lot size, traders should trade in such trading pairs that come with narrow trading spread. High trading leverage causes traders to lose in pips.

 

[Gito Dinev]

Lack of trading knowledge, mishandling stress and emotion, having fear lead to losses.

 

[Ethan]

It is said that failure is the pillar of success but in forex failure is common but success is rare. It’s because we don’t take lessons from our mistakes and we repeat them frequently.