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The potential for huge losses.


Gee Dee

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The potential for huge losses is a reality with Forex trading. Along these lines, the capacity to get to data in real-time, or ensure that buying and selling happen with no critical slack time, is of most extreme significance to traders. Indeed, even with convenient price quotes and quick execution, it is as yet workable for traders to confront bigger than anticipated losses if the price holes through their proposed exit point. This is regular during major news announcements, when liquidity may evaporate resulting in bigger losses (or benefits) than at first envisioned.

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Many new traders want to quit trading because they are losing huge amounts of money along with promising to be rich by the end of the week. Nevertheless, many times this is when you learn some of the most important lessons as a forex trader.
If you are determined to be successful in forex, giving up is not an option. The successful forex traders have also suffered huge losses at a point in their trade, but with confidence and great effort one will smile at the end of the day
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On 6/23/2021 at 11:32 PM, Thorgagar said:

Poorly designed strategies, me and lack of knowledge can lead to quite large losses

this is arguably the most common factor in forex; lack of knowledge and lack of patience, especially for newbies. You can't come to the market with partial knowledge and expect to make it here.

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