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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