WHY TRADERS LOSE THEIR MONEY?

19 de jan. de 2021

Hi every one
this article is about why people lose money on trading platforms such as forex and crypto and stock markets:

1- Not having clear strategy:
+{You need to have one or more specific strategies and act on them!
You should prepare a checklist for each strategy, and this checklist should include tools specific to that strategy
And when trading, follow your strategy and the tools in your strategy}


2- Not taking lessons from their mistakes:
+{If you lose in a deal, see what you did wrong and investigate and learn from it so it doesn't happen again}


3- Not sticking to risk management rule:
+click it
A simple explanation of money management!

4- Don t cut your profit:
+{Limit your losses and let your profits run}


5- Don t over trade:
+Excessive trading has two important problems:
A-{causes a lot of stress and excitement}
B-{You have to pay more commission}


6- Don t force yourself to make money


7- change your mindset from gambling and making a million over a night
+{Forget the mentality of getting rich overnight ,Those who are patient win and those who are not patient lose}

8- make a responsible mindset and report to someone.

9- Don t trade when you are emotional.


10- Don t try to beat the market just follow the market
+{We should not move ahead of the market, we should follow the market trends, whether ascending or descending}

11- this is a serious business don't play with your money for excitement.

please take note of this article so that you would be successful in your trading life.