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October 20, 2020
Lost profit is actually a problem, although this is a common thing. You need to know that like many businesses, the forex trading business also requires knowledge, time, patience, and
sincerity in practicing understanding and running it.
This is probably why not too many beginners can master this forex trading business on the first try. After a dozen years of observing the forex business world, it turns out that there are
at least three reasons why so few people can survive in this forex trading business.
It turns out that not many realize that the forex trading business has potential risks that should not be underestimated. According to Salamarket forex broker, the common mistake
traders make is that they are too lazy to learn how to manage risk and avoid losing too much.
Beginners generally only imagine enormous profit opportunities without caring enough to learn how to get around risks. As a result, their lack of knowledge in risk management causes
the losses they have to accumulate to be much greater than the benefits they get.
In fact, many of them trade too large volumes in the hope of making a large profit immediately, without thinking (or at least underestimating) that the market might move against their
will. Then, you should be ready for lost profit.
It is true that if the market moves as expected, the profits to be obtained will be doubled, but what happens when the market goes against their wishes? You certainly know the answer,
they will lose heavily. This is why risk management and capital management are so important!
Actually, this is related to point one above. When beginners experience losses, most of them will be disappointed and decide to stop trading. To become a successful trader, you have to
understand that losses are an integral part of trading, just like profits.
There is no holy grail in forex trading, so you must always be faced with potential losses. The problem is that not everyone is willing to take risks. Most beginners are just not brave
enough to admit that they have already suffered a lost profit.
What is in their mind and all they want to see is profit, profit, and only profit! Although all successful traders agree that there are times when they have to be brave enough to discard
transactions that cause the lost profit.
For example, they open a buy transaction but in fact, the price moves down, they will not hesitate to cut losses to save their capital from the risk of even greater losses. Don't be afraid
to lose profits to get bigger profits in the future.
Your Unfulfilled Expectations and Desires
For this one thing, maybe you can blame "people" who managed to lure you into the world of trading with the lure of extraordinary profits. But when the reality is not as sweet as hope,
most beginners decide not to continue their trading journey.
These "people" are salespeople of a particular broker who are only concerned with their turnover and sales targets. Quite often they sow sweet promises so that potential customers are
interested and want to open a trading account with them. They did not mention risk factors at all.
Of course, not all salespeople are as sophisticated. There are also good and correct salespeople, namely those who honestly convey that there are risks that need to be managed properly
and of course this requires sufficient knowledge.
Even the best forex brokers specifically provide facilities and infrastructure for those of you who want to seriously learn forex before deciding to jump into the real trading world. If
you find it, don't hesitate to join them, because they care about the continuity of your investment.
The characteristics of brokers who care about the continuity of your trading fate are those who provide comprehensive learning material supported by a teaching staff who is always
ready to help you. One of them is Salmamarket which will always help you in overcoming lost profit problems.
Our dedicated team of customer support agents is on hand to provide you with localised support in 10 languages.