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Why are more than 95% of foreign exchange transactions losing money?
Summary:

Why have most people been trapped in a state of loss? There are mainly the following status quo:

Situation 1: Good teachers are hard to find.

As soon as many people enter the foreign exchange market, they look at the market and charts with excitement and immediately engage in trading, but what should they do after losing money? I began to learn various index techniques and look for various systems, methods and strategies. The reality is that the more classes, the more losses! It's not easy to find a real mentor who is willing to take you to grow up.

Many people have learned a lot of knowledge that is not used in practice. As a result, knowledge is still knowledge. When you really enter the market, you will find that all the money you earned at the beginning was finally lost. Trading without making money is not necessarily addictive, because making money will be addictive. This is also a big reason why many people are obsessed with foreign exchange trading.

State 2: Wrong direction

On the road of investment, sometimes you may feel lonely. When you trade, everything is your own decision, whether to buy more or short is your own decision. It doesn't matter if the direction is right, but it will be painful and confused if it is wrong.

I don't even know what happened. At this time, if an experienced person gives you a hand, it will be very smooth. This is a very important concept.

Many people who lose money in trading may feel that it is because their knowledge is not rich enough. Many people think that more than 90% of people who suffer losses are because their IQ is not high enough! Actually, it is not. Say they don't know the indicators? They all know. Don't they understand charts? They know everything.

People who have just started to do foreign exchange trading are always pursuing different indicators and different charts. When they use an indicator for a period of time, they first make money and then lose money, thinking that the recent market is too strange to lose money, or that this indicator is not good.

Then I tried others and added other indicators. As a result, I tried more and more, and the screen was full of MT4 indicators. I don't know which one is right in the end! So indicators are not the key to making traders winners!