Reasons Why Forex Traders Lose Money

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A commonly known fact is that most forex traders fail. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting. The forex website DailyFX found that many forex traders do better than that, but new traders still have a tough timing gaining ground in this market. To help you make it into that elusive 4 percent of winning traders, the following list shows you some of the most common reasons why forex traders lose money.

Befriending the Market

The market is not something you beat, but something you understand and join when a trend is defined. At the same time, the market is something that can shake you out if you are trying to get too much from it with too little capital. Having the “beating the market” mindset often causes traders to trade too aggressively or go against trends, which is a

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Online Forex Traders & Brokers Social Networking Community

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Do you know that by Forex trading you can earn descent money online? In fact, many people are turning to Forex trade by which they making lucrative income. It is considered as one of the most effective ways to earn money online. Okay, if you are not familiar with the concept of Forex trading, let me a take a simple effort to make you understand what it is.

Forex trading – what is it ?

Forex trading is the purchasing and selling of currencies of different countries. Traders exchange these currencies with what they have purchased. They exchange currencies with the hope of getting better price with the new ones that they have exchanged. The motto of trading is to exchange the purchased currencies for other ones with the hope that the value of the newly purchased currencies will increase.

Who can do well in Forex trading ?

If you

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