In forex trading, most people fail because they don't know when to exit their trade. They continue to trade a losing position instead of getting out of it. A lot of traders believe that it's better to wait until the last minute before taking a position. This is a very risky way to trade because you may end up getting stopped out with no profit at all.
Most people fail because they don’t take forex trading seriously. They think that forex trading is very easy or that forex can make them earn money in no time. They don’t practice and learn for long enough and fail.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.