Most of the traders lose their money because of their low knowledge and lack of proper trading skills.
Please take a look around, and feel free to .
Exactly, this number is not really accurate. The trader arrives at his destination if his goal remains intact.Not this percentage of traders will be losers, because it is wrong statistics and traders who will trade here they will finally reach their targets by trading.
Yes, it is true, new traders lose in most cases due to lack of knowledge. Beginner traders have a much higher percentage of losses.There is no denying the fact that out of all the traders out there, new traders lose most times in the live forex market. Sometimes, it is because of the lack of education and other times, they are too confident about their trading strategy that they risk a huge amount.
Of course, you have made a very good argument, in fact, we should take a break from trading when we make a consistent loss. And you need to relax in between these breaks. For example, going on a tour or doing something you like.The simplest way to break a losing streak in trading is to take a break from trading and reassess yourself, trading techniques, risk management, etc. If you gain a fresh perspective, you may return, and if you don’t, it’s okay to quit.
Do not make the mistake of pumping in more funds or engaging in revenge trading. That would just compound your woes.
Yeah exactly!Of course, you have made a very good argument, in fact, we should take a break from trading when we make a consistent loss. And you need to relax in between these breaks. For example, going on a tour or doing something you like.
Trading is a mindset game. Need to relax here.Yeah exactly!
Of course, you are right, a trader's uncontrolled trading idea turns a forex trader into a loss trader.The main reason for the loss in trading is uncontrolled trading ideas. This requires trading through a plan and discipline.