Forex lose

You might have listened that 95% trader lose in forex market. The statistics is not totally perfect. It is perfect for the newbie traders. But why? Because they don’t follow the basic rule of forex market. Let’s see what the reasons are.

Lack of experience: Forex looks easy and profitable at the first glance. Many traders trade in demo account. However, they get profit. Then they think about real trading. But none likes to trade seriously in demo account. The result is lose. You have to think that you will lose your first 2 deposits in forex.

Depending on signal: Almost every new trader depends on signal. They take signal from their friend or brother or someone else. They buy or sell depending on the signal. Then lose ! lose ! lose ! Some of them buy signal from different website for $ 100 or $ 200. If all the signals are right, your provider can become rich using them. Then why is he selling those. So, don’t listen to others. Trade on your own skill.

Trading without a goal: Most of the traders don’t know when to buy or sell. If the price increases, they think that the price will decrease now. So, they open sell trade. The opposite also happens. This type of trading always brings lose.

Risky Trading: People take forex as a money making machine. They try to double their balance in a day. They open trade $1 pips value. If his balance is $ 100 , his balance will crash if 100 pips moves against his trade. So, take proper decision and start to manage your money. 

Don’t having trading strategy: You should must have trading strategy. What is your trading volume? Set your stop lose or take profit. You should trade depending on your own strategy.

Be confident: Never loose your confidence. Believe your skills. This will help you to gain. But don’t be over confident.

Some limitations about trading:

• Don’t be so greedy.

• Follow money management.

• Don’ be emotional.

• No trade without analysis