Why Forex Traders Lose Money. I'm trading for thirteen years and still make errors. It takes time to be able to apply this Forex knowledge to real-time trading experience and confidence in volatile and unpredictable market movements.
Most novice, and even some experienced, traders lack the risk management rules to avoid devastating financial losses. They do something institutional traders never do: chase the price. Assuming that your one trusted strategy will be equally as successful for all trades will end up costing you money.
Some explain very well why most traders lose money.
To avoid loss in the forex market you have to learn the basics of the Forex market, do your research, develop a solid.
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For traders who are chasing their dream of becoming a full time Forex trader, or at least trying to achieve even part time trading success; this statement can be a bit of a demotivator. In this video, I talk about the untold tr. They do something institutional traders never do: chase the price.