The biggest challenge is related to your market understanding. You can do well only when you understand the market well. To develop an instinct for the forex market, you will have to spend time in the market and get well-versed with its behavior.
the main challenge is to keep survive in this trading place , because there is nothing 100% in Forex trading market place.
The Top Three Forex Issues It takes a lot of time. It's a challenge to keep track of. There is an excessive amount of risk.
When you are putting your money in the market, you can never take it casually. If you don’t take it seriously, you are probably gambling with your money. New traders need to know the difference so that forex trading doesn’t lose its meaning in the modern world.
as new forex trader. Having a mindset that forex is a long term investment and not get rich quick scheme really help. There are also knowledge like technical analysis or fundamental analysis, discipline in trading and proper fund management.
mindset is really important there is no way to deny but as a new Forex trader having a mature mindset almost impossible ,
It’s never been easy to control my emotions. No matter how hard I try, I make emotional decisions and they never work. I have recently started taking breaks from trading to analyse my losses and to keep myself away from trading for some time. It’s not a good habit to think about forex trading all the time.