Forex trading failures
All traders have lost their funds on the currency market at least once. You may learn profitable Forex trading only after several years of practicing with real account. Besides, it is a long and consuming process. Unfortunately, only few traders are successful.
All beginning traders can be divided into 4 groups.
Lovers of easy money - people who registered on Forex for a quick profit. However, such traders lose funds fast, though they are still of the opinion that it is possible to earn on Forex market easily and quickly, but they are not so lucky.
2. the people who gave up. This group is the biggest in number and comprises practically all beginning traders as well as those who have stopped half-way without achieving the desired goal. A person may give up trading after many years of unsuccessful trading. When they already have experience and a well-established mindset in relation to Forex, but in spite of the years spent, they still have not found their own style of trading.
3. people who have realized that this occupation does not suit them. This is actually a strong category of people because they have enough strength to admit that Forex trading is not for them. They can forget about currency market as soon as they found out about it. Such people are not many, but they are there.
4. Persistent and stubborn people. This group succeeds to reach the set result and never give up. Just such traders are able to reach the goal as nothing can influence their decisions but themselves
The second group outnumbers the rest. It is this group, interacting with the first one, spreading negative messages about Forex being a fraud and a swindle.
No matter how much time may be spent on unsuccessful days in forex trading, one should not give up in any case. If you stop, the experience you've gained can be uselessly lost. Then it will turn out that all actions were in vain. But, you have to remember that Forex trading is a business, and any business is far from paying off immediately. You have to learn, work long and patiently, and eventually the market will begin to bring profit. Otherwise, there is no other way!