Whether you are an experienced trader or new to it, you definitely have to face challenges. The Forex market is the most unpredictable market. You can’t just gamble here, it needs proper knowledge, patience and consistency.
Every trader faces multiple challenges here, some face issues regarding to platform suitability, while others face it difficult to cope up with the planning and risk management issue. It is through patience, discipline and proper practice that one can gradually get over these issues here.
Everyone is faced with such a problem that you can really work with, the main thing is to solve it on time.
There are many challenges traders face in Forex such as lack of confidence, getting stuck with an improper strategy giving them loss. One should always possess proper knowledge of the market and should keep a keen eye on market conditions to trade effectively.
The biggest hurdle for a small investor is time, he has to manage time for his work, family, personal and then trading also, which requires quite a lot of time.
The biggest challenge in forex trading is how to maintain profit, sometimes today easy to get profit, but tomorrow easy to getting loss, manual trading especially, often involved emotions like greedy, anxiety, etc.
Real at the initial stage, the most important thing is to keep the profit, and then think about its increase.
Choose a trading style and strategy and then backtest the method according to the previous market performance.