Why do Most Beginners to the Forex Currency Trading Online Fail?
The failure rate of new Forex traders has been estimated at 95%. Why is this rate so high? What are some of the reasons for this failure? Listed below are three key reasons why novice traders fail in their quest to become richly successful in this awesome trade.1. Unrealistic Expectations
Most folks enter the forex world with anticipation of hitting lots of money immediately and leave as millionaires. Unfortunately, forex trading really seeks a lot of study and practice to succeed.
Forex trading takes a number of skills that need to be developed over time. Great opportunities exist if you aim to learn or develop a winning strategy and execute it reliably. But it is unrealistic to expect to open an account and immediately start enjoying without a solid foundation of knowledge. There ...