Challenges as a Forex Trader

this is not exactly information you have provided already , there are so many traders in there who started trading as a part timer and still going good their performance.

 

but this percentage is very minor.

 

according to my trading experience i think there is anyone can be a trader in trading demo or real . this is not a big deal , but the main deal how to survive successfully in there with great level of patience.

 

patience is really important for any kind of traders to survive here but as a beginner trader that is really difficult to maintain this good habit.

 

beginners always try to bring profit with no learning , and when they practically try to make sure that , fall a great trouble.

 

there is no challenge to be a Forex trader but of course there is a challenge to be a expert trader.

 

Emotions, overtrading, revenge trading were my biggest issues.
Setting SL to BE too soon and exiting profits early.
I am fighting these issues best with decreasing lot sizes...

 

Got trading plan in writing?

 

I think forex traders are mentally challenged.

 

this is really a fine line , to bring success from this trading place need a mental strength first of all. otherwise no way to survive successfully.