The Reason why most people who try to trade the Forex or Crypto markets fail is very obvious but before we delve into that let me ask you a question…
“WHY DID YOU CHOOSE TO TRADE/INVEST IN THE MARKETS”
The most common and true reason is “TO MAKE MONEY”
It’s also true that “THE FIRST THING WE SEEK IS VALUE, RISK THE SECOND…
When we come into the market the only thing we’re after is profit, as new traders/investors we understand very little of how the markets work and have no proven strategy to navigate the ever changing TRENDS. we gamble , sometimes we win sometimes we loose , eventually the need for consistency drives us to try and understand the market and how to manage risk, but this is no easy task.
Before you can manage risk you need to learn/develop a strategy, a strategy that has a very good win rate …. until that is achieved Risk management won’t have the desired result..
Between going through the endless loop of losses that a newbie faces and the amount of effort required to learn how to read an ever moving/changing market, only the truly determined survives and then go on to becoming Profitable in the market…