Many might think trading FX is an easy way to make money. You can just pass some orders, have your free time and the money will just roll in. But to most FX traders, that is furthest from the truth. Why do 90% of FX traders lose money eventually. Why? One main reason is  that they tend to commit or are unable to shake off the seven common deadly sins which I will highlight below : They are actually quite obvious and commonsense to most people but in fact even the most knowledgeable and experience traders including myself commit those sins repeatedly. 1. Stubbornness - It is alright to have strong views but if you are long EUR/USD above 1.49 and still believing and hoping it will rise back to your level when it is 1.36 now - you are stubborn. Don't think you will ever be in that spot? I have know of many including CEOs, Central Bankers, Hedge Fund Managers and especially FX retail traders who are losing their pants being stuck in very bad short USD positions recently. 2. Greed - If you have a profit target but keep on adjusting them just before it was reached and eventually ended up losing - that is greed. Similarly if you keep taking big risk beyond your means with the hope of wi…
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