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Im contemplating on whether i should pickup forex trading. after some researchign, i was baffled when i read that up to 90%(75% on average) of traders lose money on forex. why is the statistics like this? is forex trading really so difficult to master?
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Yes trading is difficult if you are looking to master it in a very short duration. In my opinion, only skillful trader that constantly self-assess will be able to make it. Understanding the market and developing a strategy alone is not enough. There are other variables as well such as risk management and 'mental captial'.βββ
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Forex trading isnβt difficult to master if you understand the market and the currency pair you are t...
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Because it is a zero-sum game and you are competing against others