We often heard or read online from a lot of traders claiming that online trading is a scam for a different reasons. But in reality it is not,yeah there are bad brokers out there but it does not mean that the whole business is rigged, online trading is legit and you can make a lot of money out of the market if you develop the right skills.
Most traders fail or loses money because of their inconsistencies or we are being indiscipline,its not about the strategy or bad risk management that cause it all, practically all traders knows risk management and has a chosen strategy yet they still end up with zero balance. Why is it happening? the answer is simple yet most traders failed to see the real picture, traders failed because of their own actions, its human nature that we react to any situations that is why when we are facing the market we tend to adjust or divert every now and then from our strategy causing us most of the time acquiring huge loses, so we are the one that causes our failure yet we blame our strategy, the broker or worst we blame the market as a whole.
If we want to become a professional trader and make money consistently from trading we must take full responsibility of our actions and accept our mistakes and make the necessary adjustments. The FOREX market is huge and a totally different world, we cannot imposed our will to the market it is us that must submit to the market so that we can live harmoniously with the market.
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