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<p>Many equate the forex trading platform to gambling,you click you lose,many schools of thoughts have put in black and white their views and experiences on this spiking industry but still many fail and get stopped out only to go back to the drawing board crying.</p> <p> </p> <p>My question is,is it lack of Trading discipline ? ,Risk management ? Emotion management ? Greed ? Fear ? over confidence that eventually makes the90% (HEAD MENTALITY) lose their hard earned currency on the Futures exchange.</p> <p> </p> <p>Or is it mere luck , it puzzles me</p> <p> </p>
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Trading commodities and currencies is known to be risky. However, it can be very profitable if you know when to enter the market and when to leave the market. The key to success in Forex trading are few, 1) Understand the risk you are taking 2) Dont be Greedy 3) Follow Daily market news
While emotions and sentiments play a great role in making gains or incurring losses in any trading (FOrex / equity), it is always prudent to ensure the compliance with guidelines / rules. Risk management has far greater role in mitigating or cutting losses in times of volatility
