5 Reasons Forex Traders Fail

Discussion in 'Forex' started by Topstep, Jul 23, 2020.

  1. Dwayne


    True. Its important to choose the right broker. Many people dont do a good research before choosing one.
    #21     Aug 10, 2020
    Topstep likes this.
  2. Reasons traders fail can be lousy trading method and lack of discipline.
    #22     Aug 11, 2020
    bulls95 likes this.
  3. bulls95


    And lack of trading plan too.
    #23     Aug 12, 2020
  4. Andras


    When your broker goes rogue against you, nothing you do will ever work out. You will fail.
    #24     Aug 17, 2020
  5. kroxobor


    That's why it is important to choose brokers from jurisdictions which cap leverage, like FCA. I heard with new rules you can't choose more than 1:20 in CFD trading.
    #25     Aug 17, 2020
  6. El Trado

    El Trado

    Depends where you are. In Europe I think the legal limit is 30 for non-professionals
    #26     Aug 17, 2020
  7. one of the reason wrong broker choosing , because right now its really a difficult task than before, lots of are found as scams in retail market place.
    #27     Aug 18, 2020
    Ahmed Solaiman likes this.
  8. heispark


    #28     Aug 18, 2020
  9. agree with andrew , wrong broker choosing is the another reason why traders losses , but generally newcomers cant choose top rating broker , because their minimum deposit and trading spreads too high.
    #29     Aug 19, 2020
  10. so many brokers which top rating available and they have micro accounts for the beginners . but its true their trading spreads really tight.
    #30     Aug 21, 2020