5 Reasons Forex Traders Fail

True. Its important to choose the right broker. Many people dont do a good research before choosing one.

 

Reasons traders fail can be lousy trading method and lack of discipline.

 

And lack of trading plan too.

 

When your broker goes rogue against you, nothing you do will ever work out. You will fail.

 

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.

 

Depends where you are. In Europe I think the legal limit is 30 for non-professionals

 

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.

 

https://www.elitetrader.com/et/thre...-7-million-in-record-spoofing-penalty.337633/
Forex and Stock Index are full of noise. Avoid them.

 

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.

 

so many brokers which top rating available and they have micro accounts for the beginners . but its true their trading spreads really tight.