Indian Exporters:- I have been thinking about that situation for more time finally I reached that conclusion that 90% of traders who ever trade lose their account and that 10% actually go bankrupt. If the first number doesn’t scare you then the second definitely should.
Why does it happen:-
Why is it then that there is such a large number of traders failing? It is not because they are stupid; in fact most traders have an above average IQ and are above average in most categories such as education and income. So why do they fail?
1 . Abatement of trading education
It is the most important fact the abatement of trading education for business men or traders. By education I don’t just mean learning how RSI works or drawing lines on a chart. I mean thoroughly educating yourself in all aspects of your chosen profession. Educating yourself on the correct psychological approach to the market! Educating yourself in the correct risk management techniques relative to your account size. Educating yourself in the correct entry and exit methods for the trading style that suits you. If a trader follow this carefully, i trust he never go to bankrupt.
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