6 REASONS WHY MOST TRADERS FAIL AND HOW YOU CAN AVOID IT?
In this post we share with you the 6 biggest reasons why most traders fail, and hopefully prevent you from being one of them.
So what is the cause of such high failure rates?
#1 Thinking it's easy- Yes it is but it takes sufficient capital and years of hard work to get there.
#2 Analysis paralysi- We would suggest you pick a few trading tools you are comfortable with and stick to it. Ignore the rest.
#3 Going round in circles- Find a role model, someone who's already getting the result you want, and than tap into their knowledge.
#4 Poor risk management- If you want to succeed in trading business learn everything you can on proper risk management.
#5 No plan to exit losing trades- Trading is full of uncertainty. This means you always have the possibility to of a loss so always, always have a stop loss in place!
#6 No trading plan- A trading plan is to guide your trading in the right direction. It covers everything from entry,exit,risk management,markets traded,time frame and position sizing. It is your blueprint of success.
It's not so difficult to earn money in crypto buisness but what difficult is save your earned money that's why we always said put stop loss in your trades specially if you do leverage trading beacuse you saw yesterday how every coin got dipped 20-30% so if you don't put any stop loss than definitely you lose your all funds.
Hope you understand all of these reasons and keep in mind whenever you trade. We always try to give you the best knowledge and best signals. If you want trading as a business than you have to learn these things.
Stay tuned and pin our channel at top.
#Earning #Learning
Trade on bingbon.today
In this post we share with you the 6 biggest reasons why most traders fail, and hopefully prevent you from being one of them.
So what is the cause of such high failure rates?
#1 Thinking it's easy- Yes it is but it takes sufficient capital and years of hard work to get there.
#2 Analysis paralysi- We would suggest you pick a few trading tools you are comfortable with and stick to it. Ignore the rest.
#3 Going round in circles- Find a role model, someone who's already getting the result you want, and than tap into their knowledge.
#4 Poor risk management- If you want to succeed in trading business learn everything you can on proper risk management.
#5 No plan to exit losing trades- Trading is full of uncertainty. This means you always have the possibility to of a loss so always, always have a stop loss in place!
#6 No trading plan- A trading plan is to guide your trading in the right direction. It covers everything from entry,exit,risk management,markets traded,time frame and position sizing. It is your blueprint of success.
It's not so difficult to earn money in crypto buisness but what difficult is save your earned money that's why we always said put stop loss in your trades specially if you do leverage trading beacuse you saw yesterday how every coin got dipped 20-30% so if you don't put any stop loss than definitely you lose your all funds.
Hope you understand all of these reasons and keep in mind whenever you trade. We always try to give you the best knowledge and best signals. If you want trading as a business than you have to learn these things.
Stay tuned and pin our channel at top.
#Earning #Learning
Trade on bingbon.today