Top 6 Reasons Why Forex Traders Fail

In the forex industry, the failure rate is said to be very high, with over 95% of aspiring traders expected to drop out of the game within their first few years of trading. You could have a better chance of surviving the Hunger Games at this rate than becoming a successful forex trader! The main […]

Do I Need Stop Loss And Take Profit?

Placing effective risk management strategies in place is crucial. The only way you can minimise the risk of losing money is this. And, well-informed stop loss and take profit orders are placed by some of the most efficient risk management strategies. Importance of Exit Strategy in Forex Trading The mistake of entering a trade without […]

Why is forex trading so hard?

Traders are not the best at regulating their feelings. For almost every human being, this is the only reason why Forex trading is difficult, and there is a good reason for this. 1. Chasing the market higher Most Forex traders understand that at all-time highs, they should not pile into a trade as there is […]

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Being aware of your ego and controlling that in forex trading

Enlarging Position Sizes Confidence grows when one has been trading for a while. It is at this point that the desire for greed can creep in, and to make more money, you expand your positions. Doing such actions can be the quick way to erase your account: many traders will tend to disproportionately expand their […]