Why do Forex traders lose money?
Forex is often seen as a very financially dangerous game and I think some of us need to have our "war years" to show how true this can be. But you must understand that Forex trading can be as profitable or catastrophic as it does. Yes! You play a big role in your own success. Your Forex Traders' biggest enemy is your own feelings, and until you become a disciplined and balanced trader, you risk further losses.
There are Forex Trading strategies that should take all the guesswork out of your trading. But the real question is whether software can cure you of your bad habits. I don't suppose! Strategies can only help if you have the discipline to follow the book's plan, and this is where many Forex traders are missing. All Forex strategies have rules that you must follow, and until you have the discipline and patience to follow a plan, I guarantee you will find yourself in circles.
A funded forex trading account who deals with the use of Forex signal generators without first understanding what type of trader he is, like buying a car before learning to drive a car. It is not entirely wrong to use Forex buying and selling signal generators as long as you understand what type of trader you are (daily trader, swing trader or position trader). After doing so, you follow strict money management rules and would have stacked the odds in your favor.
When using external buy and sell signals, always consider your account size, as you may be overcharging your account because some use a martingale system. But remember, external buy and sell signals do not change impulsive trading because there are cases where an operator becomes impatient because its signal generator has not generated any commercial signals for a while and what does it do? He jumps and burns, so even when using a Forex buying and selling signal generator, you have to discipline.