I think failures happen so that we can learn something new and correct our mistakes. They only help us to get better if we are wise enough to learn our lesson. Trading psychology is just as important as the fundamental and technical knowledge in trading. Beginners should also pay attention to managing their emotions along with risk management in order to attain success in the long run.
We all lose some money during the learning process. But a poor risk management plan will just amplify these losses. We should always risk as low as possible until we are confident about our strategy and trading skills. Proper learning and planning is essential for success. And those who expect to become profitable without any hard work will never get success in the long run.
Imo, The majority of people lose money in forex trading because they don't have a solid plan or strategy. They may enter a trade based on a gut feeling or a hunch, which is almost always a recipe for disaster. They lack discipline and also tend to neglect risk management while trading forex.
I think it’s absolutely fine for a trader to lose money in the forex market because the market is unpredictable and you cannot be sure about its direction to place your trades. So, normalise losing because that’s how you will be able to make money.
90% probably because new traders are eager to start earning money, its exciting, so they jump into it without proper education, not learning about strategies, market conditions, news, not practising on demo and not starting small.
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UPOZORNENIE NA VYSOKÉ RIZIKO: Obchodovanie s devízami prináša vysokú úroveň rizika, ktoré nemusí byť vhodné pre všetkých investorov.
Páka vytvára ďalšie riziká a straty. Než sa rozhodnete obchodovať s devízami, dôkladne zvážte svoje investičné ciele, úroveň skúseností a toleranciu voči riziku.
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