There are pretty big differences between successful Forex traders and unsuccessful Forex traders. There is an astonishing unsuccess rate of 90 percent, some would argue that this is an elevated estimate, but some would say it is even higher. There is a reason why this is, and why the successful Forex traders are as successful as they are. The Forex traders aren’t just in it for the money, it’s to add value to their life, they also see a loss as a teaching moment instead of a failure.
Key Takeaways:
- E-trade blogger, Justin Bennet asserts that there are at least 9 things you probably did not know about Forex traders in 2020.
- Since a mere 5 to 10 percent of Forex traders in 2020 actually succeeded, it stands to reason they possess qualities or thinking processes in common.
- One thing these traders have in common, successful Forex traders experience both profit and joy from trading, in short they love trading.
“A well-known figure in the Forex world is that 90% of Forex retail traders do not succeed. Some publications quote failure rates as high as 95%.”
Read more: https://dailypriceaction.com/blog/successful-forex-traders/
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