1. Small equity traders (Below $1000) uses high lot than big equity traders.
2. Small equity traders are controlled by greed, emotions, impatience and thus 98% of them wipe off their trading accounts before even understanding the forex industry!
3. They are good in revenge trading. They apply big lot size trying to recover previous loss and then start blaming the signal provider (if they are using signals) they also change trading strategies. Changing trading strategies will lead you into Valentines(Deep loss) stick to one strategy, master it and Kill the market!
4. If your account is below $1000 and you exceed 0.05 lot size, you will soon wipe off your account with immediate effect!
5. Poor risk management is the major reason why you always fail in Forex. This is why most of people quit Forex. Forex is not your friend. It doesn't follow your rules, you must always obey market's rules or else you'll get smoked!
2. Small equity traders are controlled by greed, emotions, impatience and thus 98% of them wipe off their trading accounts before even understanding the forex industry!
3. They are good in revenge trading. They apply big lot size trying to recover previous loss and then start blaming the signal provider (if they are using signals) they also change trading strategies. Changing trading strategies will lead you into Valentines(Deep loss) stick to one strategy, master it and Kill the market!
4. If your account is below $1000 and you exceed 0.05 lot size, you will soon wipe off your account with immediate effect!
5. Poor risk management is the major reason why you always fail in Forex. This is why most of people quit Forex. Forex is not your friend. It doesn't follow your rules, you must always obey market's rules or else you'll get smoked!
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