Many people love the feeling of excitement and want to profit quickly and easily. Because gambling is so popular. Some people equate forex and casino, justifying it by the fact that you are dependent on the element of luck in Forex and the casino. But this is not true. Forex trading depends on a number of factors that can be studied and thereby to anticipate a good capital investment. In forex, you do not just bet, you buy and sell goods. Speaking of 90% of the people who bear the loss we are talking primarily about those traders who yavlyayutsya beginners and poorly mastered the methods of obtaining information and forecasting.
There are many types of traders in the Forex market such as fundamental traders, technical traders, sentimental traders. Each of these 3 types of traders has a different strategy. The strategy of many people is different and that is the best for those who are making a profit with their strategy.
In addition to the strategy that needs to be developed and tested on a demo account, you also need to have certain knowledge and psychologically adjust yourself to trading, because sometimes this also makes itself felt.
I got used to think that all the reasons of fails are concluded in psychology and unwillingness to change something in the approach to trading activity. If you don't treat this activity carefully and you don't have wise approach to it, you will lose all your money I bet. In my opinion, psychology plays major role here because your fails directly depend on psychology. Of course, no doubts, that your first fails come from the lack of experience in trading, nevertheless if we speak about traders who are in trading for about a year or several years and they fail, then it comes to psychology.
ElliotCooke posted: Most of the traders lose their money because of their wrong strategies. A wrong decision can put you in great danger. So, try to make a profitable strategy to make money from this risky market.
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.
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