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    ​Why Are 97% of Traders Knocked Down in the Forex Market?

    Abstract:Mistakes commonly made by traders are presented in the article.

      Why will the vast majority of traders be kicked out of the forex market after trading for so long? The essential reasons for this situation are located in the inconsistency between trading rules and logic and insufficient implementation, resulting in long-term, continuous trading errors. Mistakes commonly made by traders are presented as follows:

      Chasing a surging market

      Please dont buy in because of a surging market, dramatic changes in which are indicative of numerous traps. The rational move for this is to observe the market, wait for a transient fall, and seize the opportunity to buy in.

      Chaotic logic of trading

      The trading mentality and behaviour should be continuous. The fixed logic should be relied on amid conducting the opening or closing, calculating profit points, and determining the timing of market entry or exit, thus making the behavior highly certain. Yet, it is hard for many traders to remain cool-headed, and they are prone to errors when failing to trade logically.

      Hesitation

      It is understandable that some traders prefer to add positions while others tend to stop losses in the face of mistakes in their trading. The thing is, hesitation is devastating. Please dont pin your hope of tiding over adversity on adding positions when you need to stop losses.

      As for staying in the market to trade as long as you can, it is essential for you to embark on rules and logic and strengthen implementation!

      Download WikiFX to get lessons from experts who have traded forex for over 20 years. (bit.ly/wikifxIN)

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    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
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