Continue reading...The forex market is the largest and most accessible financial market in the world, but although there are many forex investors, few are truly successful ones. Many traders fail for the same reasons that investors fail in other asset classes. In addition, the extreme amount of leverage – the use of borrowed capital to increase the potential return of investments – provided by the market, and the relatively small amounts of margin required when trading currencies, deny traders the opportunity to make numerous low-risk mistakes. Factors specific to trading currencies can cause some traders to expect greater investment returns than the market can consistently offer, or to take more risk than they would when trading in other markets.
Forex Market Trading Hazards Certain mistakes can keep traders from achieving their investment goals. Following are some of the common pitfalls that can plague forex traders:
Not Maintaining Trading Discipline The largest mistake any trader can...
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