Ten Reasons New Traders Lose Money: Reason #3


Forex TradingrReason # 3: Lack of a plan

This reason goes hand in hand with reason number 2. Many times new trades come into The Forex Market without a sensible plan. when you couple having unreasonable expectations with the fact the most new traders do not have a good plan you have a recipe for disaster. Some new traders will latch onto an Introducing Broker and try to make themselves feel better about their trading even though they do not really understand what the Introducing Broker is saying or doing.

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10 Reasons New Traders Lose money: Reason #2


Forex TraderReason #2) Unreasonable expectations.

Many Forex systems out there promise traders returns of over 100% in the first month. If you think that this is a reasonable rate of return on your investment please contact us as I also am selling bridges. (please note the sarcasm). In reality the best money managers in the world are happy with a rate of 1-2% per month. If you believe that you can buy a Trading system for a few hundred dollars that will infinitely return over 100% a month then you have set your expectations at an unreasonable level.

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