Post
Topic
Board Trading Discussion
Re: Reasons why traders fail in Forex
by
bittraffic
on 28/12/2019, 18:26:11 UTC
There are common reasons why traders fail in forex.
1. Most of the brokers offer high leverage and most of the traders chose high leverage trading.
2. Most of the traders do not wait for the right setup (do not have patience).
3. Most of the traders do not put SL.

and last but not the least, traders start fighting with the market when SL gets hit (If it was put).

Traders should always trade with a proper planning and should accept whatever market offers them. Try to win the market with patience instead of fighting with it aggressively.

That's something else. OP only listed three which were GREED, FEAR and OVERCONFIDENCE. To be honest this are greed is also the reason why some traders are earning a lot. Its not greed like you are committing a crime because of greediness, its just trading we are talking here. The more you try to watch when the price goes up and go down the better you are with trading.