Forex is an art and everyone can make money in forex but more than 90 percent of people loose money in forex not because they are bad traders but only because they lack psychological advantage over other traders here are few points which every trader needs to take care of : -
1) Discipline – The first and foremost is discipline if you lack discipline then you will never be able to trade and win in forex trading as it is important to enter the trade in the same way it is important to exit the trade. Discipline is what separates 90% of the traders who are winners
2) System – if you have a proper system then you can beat anyone in the market, a proper system with discipline it's more powerful.Most of the traders who lose money is majorly as they don't follow the system and take trades based on instinct and speculation.
3) Experience- Once you develop discipline and follow your system still there might be chances that you might lose in the trade but the only thing that you will gain is experience.
4) Mentor- It is very important in anything you learn to have a good mentor the only thing that can keep you going is a mentor who guides you about how to avoid losses and to improve your system and to develop discipline.
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