Tag Archives: self-discipline

Why Most Traders Loser Money

lose money on forex

It is a very sad fact that the majority of traders loser money within the first 6 months of trading. It is even sadder that you might end up being one of those traders. It is our goal with this article to help prevent you from becoming another casualty of the markets. In this article we will discuss all things that cause traders to lose their shirt. If you can get rid of these traits, then you will be able to survive the markets. Sometimes surviving is all you can do.


Money Management

We know that this seems so boring but proper money management is the key to lasting a long time in the market. Most Traders who blow their account do not practice proper money management. Proper money management is designed so that you can live to trade another day. It is created so that when you are trading that you get to make 100-1000 or more trades before your account even risks being wiped out. What bad traders due to constantly change their trading size based on current win and loss rates and this is awful. Your trading size should stay consistent. Most good traders only risk 1 to 10% of their account on any one trade and this is what you also need to start doing.

Have A Good Strategy

Having a good strategy means having a high probability strategy, one that you can use that will make you profitable or at the very least break even.