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1. Why Individuals Are Unsuccessful As Foreign Exchange
Dealers?

2. Based on the data I assembled, I came into a conclusion
that the primary cause of their failure and business loses is
their losing attributes. If they can change and get rid of
these traits, they will eventually succeed in forex trading.

3. In here I enumerated the common losing characteristics
and traits I noticed in the 90% newbies who failed in forex
trading. Take time to examine and evaluate them carefully.
I am optimistic that we can eliminate them in us to
succeed in Forex market and be satisfied.

4. Behavior Number 1: Shifting from One Tactic to the Other

5. It is already common for newbies to shift from one
procedure to another whenever they feel appropriate.
This is one of the primary reasons for their failures
because they haven't got enough time to develop and to
boost the scheme. The biggest mistake that they make is
their inability to focus to one strategy alone. They tend to
jump from one method to another in the event they
experienced losses in their forex trading account. This
practice alone is the primary cause of immediate death of
their forex trading account. There are also instances where
they immediately shift scheme, especially when someone
offer them promising but untested strategy. When they
shift from one scheme to the other, they lose
concentration on their scheme and killing their forex
trading account faster. They should remember that in

6. Attitude Number 2: Poor Financial Management Practices

7. Inefficient financial management is the leading cause of
their failure to achieve their dream to become a successful
and wealthy trader. They failed to ponder that they need
efficient financial management methods, understanding
and skills to become successful. To succeed in your
trade, neophytes should impose effective financial
management scheme and they should know how to
efficiently adjust and enclosed it in your present practice.

8. Attitude Number 3: Defiance of using Stop Loss

9. The frequent problem with novice Forex traders is their
belief that they are always on the right side, thus it is
already a misdemeanor if they lost or decrease their forex
investment. Because of their intent to profit from Forex
trade, they refuse to practice stop loss, leaving their
accounts at peril. The most prevalent issue with novices is
their specific understanding that they're at all times
correct, therefore it is definitely a criminal offence should
they harm their make trades. It can never be dismissed
that in your own quest for to be prosperous and money-
making. The basic premise of utilizing stop loss is to secure
your account in the onset of unavoidable shift of gear
while trading. Majority of them have this notion that the
sector will bounce back and reverse in their favor, thereby
they still invest their money. In majority of instances, it did

10. Attitude Number 4: Quick Path to Richness Idea

11. Some of the newbies thought that the foreign exchange
industry is a tool to become profitable in the shortest time
possible. Due to their confidence and belief, they invest
and try their luck on the forex industry armed with large
amounts of cash with the expectation to earn 100%
revenue in just a matter of days or weeks. When they fail
due to their wrong prognosis, they start to complain.

12. Be sure to study and assess the characteristics and
qualities of those who failed in the business of forex
trading. Once you have identified them, be sure to avoid
them as much as possible.

13. Are you aware that majority of newbies in the forex
industry failed? Data reveals that around 90% of new forex
traders and investors ruined their forex account shortly.
This just proves that it is not that easy to establish yourself
in the sector and earn profits as well. Needless to
ask, what is the use of buying and selling in the forex
industry if most of people involved in it failed? I was
hesitant of exactly what will be my luck if I enter the forex
market. But a notion showed off into my thoughts when I
was approximately abandoning the very idea of doing
forex currency trading as a vocation. Despite the 90%
losses of new forex traders, I am optimistic that the
remaining 10% should have being generating profit after
all. Much more, I also associate it with the other
traditional business methods. I found out that in the old

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