Nicola
Sat Aug 03 2024
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5 answers
1299
What is the number one mistake forex traders make?
As a seasoned finance professional, I'm often asked what is the number one mistake that forex traders tend to make. Without a doubt, it's the failure to properly manage risk. Many traders enter the market with a 'go big or go home' mentality, neglecting to set clear stop-loss orders and risk management strategies. This reckless approach can lead to significant losses, wiping out profits and even capital in a matter of minutes. So, my question to aspiring forex traders is: how are you planning to manage your risk in this highly volatile market?
