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Why do a major percentage of traders lose?


Nilde Lucchese

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Most traders lose due to lack of preparation, emotional decision-making, poor risk management, and inadequate understanding of the market. Overleveraging, unrealistic expectations, and failing to follow a solid trading plan contribute further. Success requires discipline, education, and consistent execution of well-tested strategies in real market conditions. LQDFX broker allows traders with superior trading interface, tighter trading spread, 1:1000 leverage and superior PAMM trading service.

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I think that people fail due to the 2 main reasons. The first reason is related to newbies: they think that Forex is "easy", watch some videos about it, and start trading being confident they know everything. And lose their deposit. The second reson is related to a more experienced traders: after getting the first results, they also think they know everything, and they do not need to learn more. In fact, Forex requires practicing, practicing and practicing.

The best option to practice and save money - is to use a backtesting software. We are helping thousands of traders worldwide improve their skills. And we are also giving an opportunity to make money as an affiliate, both for experienced bloggers and beginners. 

 

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On 9/30/2023 at 11:40 AM, Nilde Lucchese said:

Is learning the only reason behind failing? If yes, then many people are learning but why they are yet failure?

Because it is really hard to distinguish what knowledge works in trading and which do not. However from HFM webinars I learned some great tips which worked for me, so I guess we have to carefully choose resources for study

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Most failed traders just trade without a proper trading strategy and plan. Doing forex trading as a gamble that relies on luck will not be sustainable in the long term. To be able to achieve success requires patience in the learning process, however, forex is not an easy way to get rich quickly.

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