Why do more than 90% of foreign exchange traders end up losing money?

One of the realities of foreign exchange traders is that good teachers are hard to find

Forex newbie just enteredforeign exchange market, will be very excited to look at the market, look at the chart, start trading constantly, but the result is a loss. What will happen to the novice after losing money in trading? Shall we go to class? Start learning various indicator techniques, find various systems and various methods and strategies, but I'm sorry to share a reality with you. The more courses, the more people lose, the more classes, and the more losses! It's really not easy to find a real mentor who is willing to take you to grow. A really good course only needs to be taken once! Many people have learned a lot of knowledge that cannot be implemented in class, but the knowledge is still knowledge. When you really face the market, you will find that there is money. At first, you made money, but in the end you lost money. If we haven't made any money investing, then that's fine, at least then you won't be addicted, right? It's because you have made money that you are addicted, which is one of the big reasons why many people are obsessed with foreign exchange trading.

The second reality of foreign exchange traders: walking alone in the wrong direction

On the road of foreign exchange trading, have you ever realized that sometimes it is a very lonely thing? We all trade, everything is our own decision, I want to buy more or sell short is my own decision, right is my own decision, wrong is my own decision! Right, it doesn't matter, but wrong, do you know how sad? I don't know where I am wrong? So at this time, if there are experienced people to pull you, then you will go smoother? This is a very important concept, I hope you can understand.

Reality #3 of Forex Traders: A group of smart people are addicted to the "hell" of indicators

In the foreign exchange market, many people who lose money will think that it is because their knowledge is not rich enough. Many people will think that more than 90% of the people who lose money are because their IQ is not high enough, IQ is not high enough! In fact, it is not. Do you say they don't understand indicators? They all understand. Don't they understand charts? They know it like the back of their hand. I used to be like this. I used to work in institutions. At the beginning, I was constantly pursuing different indicators and different charts. When I used a certain indicator for a period of time, I made money at first and then stopped making money. I would think that maybe the market has been too weird recently and it is not easy to operate, so I lost money, or this indicator is not good. So I went to try other indicators, I added other indicators, and the result was more and more, and the screen was filled with indicators. In the end, I couldn't figure out which one was right! So, indicators are definitely not the key to making us winners!