Have you ever heard about someone starting trading just to lose their hard-earned money? No we all start trading to make a profit and make our lives better, but that's not always the outcome as 90% of traders end up losing their money. Here are 3 reasons you need to know -:

1) impulsive decisions-

Emotions like greed, fear, and excitement can lead forex traders to make impulsive decisions. For instance, FOMO (fear of missing out) might prompt traders to enter trades hastily, leading to losses due to a lack of proper analysis.

2) Overtrading:

Emotions can cause traders to overtrade, either to try to recover losses quickly or due to a feeling of invincibility after a few successful trades. Overtrading often leads to increased transaction costs and higher exposure to risk, ultimately resulting in losses.

3) Failure to Manage Emotions:

Forex trading requires a disciplined approach to managing emotions effectively. Traders who fail to control their emotions, such as panic during market downturns or overconfidence during winning streaks, often make irrational decisions that lead to financial losses.

We all are traders or intending traders, I'm having a free forex class this week which can be of help and add to our knowledge, if you would like to know more about the class check my signature for more info

A lot of folks are asking when the class will start, please check my signature for more info

The class is still on