WHY TRADERS LOSE THEIR MONEY?

19 Jan 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.