Forex trading is one of the most difficult careers in the world. It is important that new traders are aware of the reasons traders lose money in this industry and how they can avoid such mistakes. Although every Forex trader should be prepared to lose money, it is part of the experience and the industry. Some say you cannot be a true trader until you have lost money. The trick is to become a profitable trader, where your winnings outweigh your loses. The amount of unsuccessful traders in the world is around 70% to 90%. Most of these traders usually end up quitting, hopefully traders will be able to elude the following, in order to be a profitable trader.
Forex trading is one of the most difficult careers to enter in this day and age. It is known that the failure rate for Forex traders is 70% to 90%. This is a very low success rate of 30% to 10%.