It's true that most traders don't get success in forex. The reason is their trading decisions are not based on sound research and learning. They think forex is a cash machine. You trade and procure immense cash. They don't consider it as a business.
most of the traders don't get success because one, they are heavily impatient and second, they do not understand the mathematics that governs the market. most of the traders think that they can utilise leverage, margin trading and futures trading to earn money ht the truth is, more than 70% of such traders fail. traders also fail because they are involved with the wrong broker.
High leverage, 24/5 trading opportunity, small time frames make trading very risky. Due to all these facilities people make themselves so engaged in trading. As a result they develop all the bad habits a trader can have.
There is no denying the fact that the number of traders losing money in the forex market is more than the number of people making money in the forex market. You have to keep patience throughout your trading journey to ensure that you don’t lose hope just before you will make profits..
People do not see the real situation, do not perceive trading as a job. The desire to have everything and immediately leads to the collapse of not only illusions, but also hopes. It's all about the attitude of the person himself to trade
Trading on forex and seeing good returns is not a one day game. For consistent returns one have to maintain good consistency in his trading routine. Look for accurate entry and exit points on the chart with proper stop loss. Back-test your strategies on different timeframes for better results.
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.