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Why most traders do not succeed in forex Trading?

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Making profits through stocks and shares is not an easy job. Inadequate trading methods, lack of confidence, patience and discipline can lead to a lack of success in the stock market. A trader should really know the tricks of trading. Inexperienced traders, who lack insight, risk all their money in one stock without planning before investing. Planning is a necessary standard in the stock market as complex trading techniques and lack of planning will contribute to the failure of the trader; therefore, successful traders always develop a plan.

Lazy Traders will definitely fail

Without significant planning a trader will fail. Many traders are too lazy to develop a successful trading plan as it requires a lot of effort. Effort is necessary for success in the stock market, not just luck. Traders who are too confident and lazy are always in a hurry to chance their luck, which results in failure.

Too much Trading

Most of the traders have an addiction to the stock market and invest too much money. In the process of trying to win more and more money, greedy traders can lose a significant amount of money. Good traders should not act like gamblers as trading in Forex is more skilful than gambling at the casino.

 

For more detail : Why most traders do not succeed in forex Trading?

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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. I am trading with FXPM, a regulated broker. It gives  me tight spreads, up to 500:1 leverage, and free forex signals.

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I had limited knowledge in the world of trading but now I have gone up to a very high level after I started using FXB Trading. This website has helped me trade in the CFD market and has assisted me in all my regulation queries. I have increased my skills in trading quite swiftly with the support of FXB Trading

Edited by raniya

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Most people do not understand that for forex trading you need good knowledge and skills. They assume that trading is just buying and selling currencies. They learn some indicator based strategies and think that it will help them to get rich overnight. They don't try to understand the market and market psychology. You can't get success if you are not skilled. I am trading with MaximusFx where I am following their advanced educational resources to make myself skilled. Their slogan is Trading At Its Best.

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Most of the trader do not succeeded in their trading business only for lack of trading knowledge. Some said that they got scammed. But trading broker is not the actual reason. A trader will be able to select a right trading path when they actually know what they want. But most of the trader do not know which trading style they should select for their trading.

Another thing is trader will select their trading broker according to their trading style. Suppose if someone is doing scalping and using a broker which is not regulated then it will give negative result. I know clearly what I wanted to do. I am doing long term trading and for this I am taking 1: 500 leverage facility from TopFX24.

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