Truly 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 traders cannot be successful because they do not have good knowledge about trading. If you want to make a profit in trading, you must develop skills with patience. You have to make a profit by combining many strategies. Loss can occur if this combination is not correct. All in all, if you want to make a profit from trading, you have to learn first.
Yes only around 5% traders are successful for long term. Lack of skills and psychology is the main reason of such failure. People give more focus on trading than learning. But learning should be the first priority.
Forex is not a money-making machine. If you want to make a profit here, you have to develop skills first. And need to collect information. Need to know about money management and risk management. It is better to focus on education without focusing on profit. Profit will be automatic if you have proper knowledge about trading.
Due to less knowledge of the forex market, this happens. For a trader, it is very important that you must know how to place good trades with proper trading strategy. and don't forget to back-test the strategies.
Because this reason forex called a high-risk high gain business, in success story we will read many traders that able to make big money from trading and look like very easy but in the fail story, an opposite story like as losing big money in forex then try to suicide, bankruptcy because forex has many debt in the bank etc,
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UPOZORNENIE NA VYSOKÉ RIZIKO: Obchodovanie s devízami prináša vysokú úroveň rizika, ktoré nemusí byť vhodné pre všetkých investorov.
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