Why beginner traders fail? ...Middle East

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Why beginner traders fail?
source : forex live ( Middle East ) () 13
The common saying is that 90% of traders lose 90% of their money in the first 90 days. That’s not an encouraging statistic for someone who wants to start trading, but there are some common reasons why most beginner traders fail and knowing them can help you to avoid the same mistakes and increase your chances of success.KNOWLEDGEThe first mistake is to jump into the markets without enough knowledge. That’s like gambling and if you don’t know what you are doing and why, then you won’t survive for long. Just look at how many retail traders jumped into the markets during the covid pandemic and eventually lost all the gains. There are stories of lucky people changing their lives yeah, but they a

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