Challenges of a Forex Trader!!

[Calix_12]

Most problematic thing i think for a trader is controlling emotions.

 

[LucifarFx]

Most problematic thing i think for a trader is controlling emotions.

emotions control is not a minor issue in trading and real life. need a mental exercise first of all. otherwise no way to control our emotions.

 

[jonahelen527]

Greed is one of the emotions that requires lots of practice and self-control. Greed resists traders from using risk management or opening large positions and eventually results in losing.

 

[andrewborund597]

Greed is one of the emotions that requires lots of practice and self-control. Greed resists traders from using risk management or opening large positions and eventually results in losing.

Greed makes us change our position size and divert us from following the trading plan which eventually leads to failure and heavy losses.

 

[rickhobbsonce]

emotions control is not a minor issue in trading and real life. need a mental exercise first of all. otherwise no way to control our emotions.

Having the right trading psychology is very important. Trader may have a very strong trading strategy but if he has no control over his/her emotions, S/he is unable to make the right trading decision.

 

[AriaS]

Broad education and plain logic - the greatest challenges.

 

[Gracy2]

As a forex trader, I believe the following are the major challenges:

1. Strategies don’t work at times.
2. Live trading can be time consuming.