Challenges as a Forex Trader

Challenges that forex traders face -

1) Creating a workable trading strategy
2) Finding a good broker
3) Having a hard time coping with losses.
4) Not getting genuine learning resources.

 

Noteworthy points! You should also add trading psychology. Imo, not only beginners but also intermediate traders find it difficult to maintain a good emotional balance sometimes.

 

finding a good broker is a really challenging issue , because the broker can affects the result of trading with certainly.

 

you can choose the FPA before choose any broker , i always do this.

 

Sometimes strategies doesn't work in favour with me because a lot of external factors are involved like forex market change, an unprofitable trading system & emotions like anxiety, fear & lack of discipline.

 

agree with you . sometimes all trading approaches not work after having a perfect plan.

 

Biggest challenge is managing & avoiding risk.

 

i think after having most powerful analyzing risk management there is no way to avoid risk from there. this is true fact

 

When I first started trading, I had difficulties identifying the best entry and exit locations, but as I traded more, my understanding became clearer.

 

at the first stage of trading, i have lost so many times from, this marketplace but not quit. still surviing.