Dwayne Buzzell Blog | Key reasons to lose money in trading | Talkmarkets

Dwayne Buzzell

Forex Trader
Member's Links: Forex Trader

An economist, Forex trader and Forex writer, I have a keen eye for spotting international trading trends, particularly since shadowing my mother’s work over the past 20 years with one of the largest fashion groups.

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Key reasons to lose money in trading

Date: Friday, August 30, 2019 6:11 AM EDT

Have you ever wondered why 95% of retail traders are losing money? In this modern world, learning something new is not that difficult. Being a new trader, you can easily learn the details of this business from a free resource. Just browse the internet and you will get tons of high-quality articles which will give you a precise guideline to trade the Forex market. Even after having all these elements, people still find it hard to make money consistently. Some novice traders in Singapore often blame the market. But the market has nothing to do with your losing trades. Those who are smart are leading their dream lives just by trading currency pairs.

Let’s discuss some of the key reasons why the majority of the traders are losing money.

Lack of knowledge

Knowledge is the most essential thing you need to consider when it comes to success. No matter which profession you chose, you must educate yourself properly to do become better at your desired profession. When it comes to Forex trading profession, the rookie traders don’t really spend enough time educating themselves. In fact, they start to trade the market just after learning technical analysis. But what about the fundamental factors of the market? Fundamental factors are often considered to be the most powerful price driving catalyst. In order to ride the market trend, you must learn the proper way to assess the fundamental data.

Trading with the low-end broker

Very few traders actually understand why the pro traders prefer to trade with the best online trading account. If you ever trade with brokers like Saxo, we can guarantee, you will never trade with a low-end broker. Though the associated trading cost and initial investment at a low-end broker are very low, the quality of the service offered is horrible. In fact, you might not have access to a real-time price feed. Some of you might think this is not a big problem but those who scalp the market with a big lot is most likely to lose a huge sum of money. Unless you ensure a premium trading environment, you will have a tough time developing yourself as a professional trader.

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