henry_harrison_philosopher
Tue Oct 15 2024
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5 answers
962
Why do 95% of forex traders lose money?
Most forex traders lose money due to a combination of factors like lack of experience, inadequate risk management, emotional trading, and overconfidence in their trading abilities.
Michele
Fri May 17 2024
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5 answers
994
Why 95% of day traders lose money?
I've often heard that a staggering 95% of day traders end up losing money. Could you please explain why this statistic is so alarmingly high? What are the common pitfalls that these traders fall into? Is it due to a lack of market knowledge, inappropriate risk management, or simply the volatile nature of cryptocurrencies? Could you elaborate on the psychological challenges traders face, such as greed and fear of missing out, that might contribute to their losses? Furthermore, what strategies or principles would you recommend for those who are interested in day trading but want to avoid becoming part of this statistic?
