Forex Trading - Lose Money

Forex trading has six reasons traders lose money. If you want to see what kinds of problems that the winners of the stack, you can join the minority big time.

Here is a trade falls, you lose money:

1. Contrarian disease

Unlike other traders in the currency market, you have opinions - most traders lose money, so you want to trade against the common people.

Most traders lose because they have no discipline and money management - but they are too often the direction of the market. Traders Forex trading opportunities as they are - most of his life with a disability and a trend that they lose money.


Many retailers are trying to highs and lows, and sometimes focus on the next trend. A selection of tops and bottoms is impossible. You can not predict turning points in forex trading - you need to concentrate on the next trend change can not be predicted.

2. Chartists Trap

Many traders study charts forex trading forces to invest in a trap. Chart review is important - not subjective, but if you lose, should be stopped.

Ways a subjective analysis, such as Elliot Wave and cycles to avoid - and the indicators moving averages and momentum oscillators - and by observing the trends it has pursued.

Subjective and objective is currency trading.

3. Ego

global forex trading attracts some of the smartest traders are intelligent people - but they also have big egos. Ego in a foreign currency trading is not a good sign - because it means you've always wanted to see on the market, because you want to see - how it really is not.

Operators need to ask yourself the following questions: Can you make money or do not want to feel smart? Consider the needs of the market - you want to make money, you leave behind.