Have you lost money trading forex? For Forex trade losses totaling $30,000 (Thirty Thousand Dollars – USD) and more, eFundsrecovery.com offers you the opportunity to reclaim your lost money. It is generally believed that 70%-80% of Forex traders end up losing money, some sources even estimate this to be as high as 90%. You can recover forex losses of $30,000 and more by engaging the service of eFundsrecovery funds recovery service. Email – firstname.lastname@example.org.
Forex or the foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market where traders or investors trade currencies. This market determines foreign exchange rates for every currency. It takes everything into account including; buying, selling, and exchanging currencies at a current or a determined price.
In terms of trading volume, it is the biggest market in the world, only followed by the credit market.
5 Reasons Why Forex Traders Lose Money Day Trading
According to research from all around the world, the general belief when it comes to Forex market is that 70% to 80% of all beginner Forex traders lose money and end up quitting. These 5 reasons that most Forex traders lose money were compiled by our researchers to keep you from becoming a stop loss and start profitable trading.
Insufficient start-up capital: Many new Forex traders are already starting on the back foot. They begin Forex trading because they need more revenue and hope Forex will be a quick and easy way to make large profits. It is also advisable you try your preferred currency pair on a demo account first before putting real money into it.
This is exacerbated by Forex marketers encouraging beginners to trade using high leverages by promising the potential of big returns for a small amount of initial capital. This is very risky and the surest way for you to lose all your capital very quickly.
Poor Risk Management:
Poor risk management and even worse, no risk management is a major reason why Forex traders lose their money quickly. Risk management is key to survival in Forex trading including day trading. You can be a good trader and still be wiped out by poor risk management.
You need to not only make sure you are following a sound Forex trading plan to make a profit, but more importantly you want to minimize losses so that you can keep the capital you have.
Not accepting responsibility for losses and mistakes:
In Forex day trading there is absolutely no room for the blame game. Accepting responsibility for your losses and Forex trading mistakes is the MOST important lesson you can learn. By accepting responsibility, you will not waste time and energy blaming anyone, but rather pick yourself up after losses – after all, they are guaranteed to happen.
Rather decide to move forward or cut your losses quickly or whatever you need to do in the circumstance you find yourself in. A big reason many Forex traders fail to make money is they will not take full responsibility for the outcomes of their trades and take the steps to do something about it.
Over-trading: Over-trading is one of the most common things in Forex trading preventing you from making money. Forex traders who spontaneously jump in and out of the market and who are indecisive in their trading will not only lose trades, but they will rack up a lot more fees via spreads and (or) commissions.
A Forex trader does not have to make a lot of trades to be successful, you just need to make the correct trades.
Risking too much:
Trading is NOT gambling. Full stop. Never invest more than 2% of your available capital on any individual Forex trade. Doing so puts you at significant risk of loss. Rather, spread your investments over a wide number of trades so that you limit your overall losses.
If you have a good Forex trading strategy, there is no reason to risk too much on a single trade. The only time you should increase your risk per Forex trade is when your account value increases. Do not trade on “feelings”. Keep emotion out of your Forex trading life.
2 Definite Ways to Recover Lost Money from Forex Trading
If you’ve fallen victim to forex or binary options scam, then the best and most guaranteed way to get your money back one of these two options;
Using eFundsrecovery Funds Recovery Service:
eFundsrecovery offers one of the best and most guaranteed funds recovery options for people looking to recover lost funds. So, people who have lost $30,000 or more can send an email to email@example.com to initiate the funds recovery process.
A chargeback is a way of claiming your money back directly via your card-issuer or bank & it’s very effective. By issuing a chargeback you do not have to deal with the forex broker or binary options company directly, instead you simply deal with your card issuer or bank & they handle the communications with the specific company that scammed you on your behalf.
Apart from helping with the fund’s recovery process, eFundsrecovery also offers technical analysis and insider trading tricks to start trading on the system and make a good amount of money within a short time frame. Contact firstname.lastname@example.org to recover forex losses of $30,000 and above.