This is a well known fact that success for the new Forex traders is worryingly low. Most new forex traders think it is easy to trade and make money quickly, but they get hit by the cold hard fact that making money trading Forex requires a very wide range of knowledge and experience that can be earned through years of learning and commerce.
lack of experience
Forex is like any other job in the world, it requires experience and hard work. There are no special reports or a super-smart software that can just suck the pips and your money in a few days. Regardless of how marketers all over the internet try to convince you that you can only use their secret methods or a robot for an overnight success. They are so good at writing down a 50-page sales letter is full of complete lies and outrageous claims just to try to convince you how easy it is to earn money through their magical software just to get into your pocket and take your money with a smile on their faces . Just a few days or weeks later you realize you've been scammed again.
But I can not blame them, its human nature. People will always look for faster ways to make larger piles of money so blind that they become victims of such illusions.
Unrealistic Expectations
If anything sounds too easy and too good, you guessed it ... I'm sure you're familiar with the term "if it sounds too good to be true it probably is." Most people are so greedy are not just looking to make money, but they want a lot, and in no time! If you feel as though I guarantee you'll be an easy target for scammers. You should set realistic goals that can be achieved safely without risking your time and money. Like any other business that you do not get unlimited money in its first week, unless you are selling drugs!
On the other hand, the beauty of forex trading is that you can make very good gains every month by taking advantage of leverage. Not a gigantic 100% returns every month, but a more realistic approach would be 10% -20% return per month. In addition, he said that you should never risk more than 5% of the invoice in a shop.
fall for Overhyped Products
The Internet is full of forex systems, robots, EAS promising results shocking, just disappointed hopes retailers. These trading systems, cheap e-books and the "Holy Grail" Secrets are for the most part an illusion created by Internet marketing with absolutely no experience when it comes to Forex. They are just good at creating myths and over-hyped products with false claims to get their hands on your hard earned money.
In other words, if the EA or robot trading simply does not bother taking even free! This will be a waste of time. Trust me on this one.
lack of discipline
ever felt like you were more of a gambler than the dealer? Even after many years of trading sometimes their emotions take over and start trading without a plan just to make up for the loss only to come to the end of the day with margin calls and blown account. Controlling your emotions is the hardest part when it comes to trading. Certainly it feels bad when you lose a few trades, and just go to sleep with a negative trading day. Not to mention how you feel tempted all the time to enter the store, which looks very promising, regardless of how much risk and without taking into account if you shop on the site in accordance with their style and trading rules.
takes a lot of skill to control your emotions and accept that sometimes doing nothing is the best thing to do.
Start Bad Education, and false information,
learning how to trade the right way and figuring out the correct approach to trade could be tricky, be careful what sites you choose to visit and keep in mind that most information out there is misleading. Always think twice before taking action. There are lots of honest Forex traders out there with honest and realistic trading strategies and information, but they are definitely hard to find. Please take the time check every word you read, talk to retailers and website owners before their services. See if they will never get back to you and find out if they just make everything look so simple and beautiful, or if you are real enough to admit the ugly truth about Forex trading. Keep in mind that before getting too excited about any system, product or service.
