Forex trading is hard and risky, yet very profitable. And if executed properly the benefits are huge. The major problems that many newbie traders are facing is the lack of discipline and self control, plus the ability to avoid all external distractions.
This infographic tries to cover the biggest mistakes traders make and how to avoid them. For all of you reading this and making your first steps into forex trading – trade with caution. This is not a game, you have to be very careful and fully focused when entering the financial trading markets. Out of the 7 major mistakes pointed out, maybe the biggest are: a lack of self control and a lack of knowledge. So make sure you sort out those 2 before going all in.