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Answer Explained: Why 90% of traders lose their money every day?

<br>Every day, many traders step into the world of trading in order to make huge profits. However, only few among them get success of achieving their goals due to some very common mistakes. This slide-share talks about reasons of failure for traders. Have a look to know those main causes.<br>

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Answer Explained: Why 90% of traders lose their money every day?

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  1. Answer Explained:Why 90% of traders lose their money every day?

  2. Number of traders is increasing every day. Trading gives extreme freedom and let you be your own boss. You can earn a lot from this huge financial market. Trading Forex is not someone’s cup of tea. If you are a trader, you must be aware of this fact. Only 10% people get success to make consistent profits while other lose their money having dejection, disappointment and negative approach about the market. Now, how these 10% traders get success What strategies they use? How do they get best assistance from? If you have the same questions, your answers are mentioned below-

  3. 1. Making Biggest Misconception! Do you support “buy breakout, sell breakdown” fundamental? Do you think it works for trading? Do you believe in this statement? If so, stop doing it This doesn’t work for a long-term in order to get you lucrative advantages and you will lose all of your money!

  4. 2. Cutting Losses to the Short If you are among many traders who think that cutting losses short and letting the winners run, you need to change this thinking right now. This theory may seem attractive and cool to you, however, it does not have any benefit to deliver to your spirit of successful trading.

  5. 3.Not Keeping The Positions Shorts One cannot be a perfect trader in a day, nor he can make huge profits by putting big positions in trading. Trading always require patience, concentration, punctuality, and spirit of not giving up. 90% traders want to make profits in just one day with big positions. What they get in return is a big loss of money and trading account.

  6. 4. Capping Potential Profits Dreaming of unlimited profits is like seeing a horse flying? Do you think it can happen? Well no, Never! So, never cap your potential and make decision wisely.

  7. You cannot get rich through forex in just few minutes, days, weeks or months. It takes time to understand the system and rules of forex market. Forex examines human psychology which generally includes fear, greed, over-confidence, anger, dejection, unhappiness and disappointment. You need to accept the truth and continues to go with a spirit of learning and not giving up for proficiency. This is how, you can become a good trader!

  8. If you thinking to be a good trader, it is important for you to learn from your mistake, keep learning from different sources, be realistic in terms of trading. To know more effective and best forex trading strategies or tips for other kind of trading, visit Daily Fx Signal.

  9. Daily Fx Signal has been working as the best forex signal provider in India and helping many traders with its comprehensive products and services which include charting software solution, manual trading signals, automated trading software, forex training program, live market updates, regular technical analysis and a more. Logon to www.dailyfxsignal.com today!

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