Who should not trade Forex.

There is a category of people who should not even start trading on the currency exchange; the result of their attempts is quite predictable - loss of money and another disappointment.

Typically, such applicants for the profession of a trader are united by a number of common qualities that will interfere with achieving success.

So, what qualities can prevent you from becoming a trader and lead to loss of money?

• Greed - remember how often you lend money or treat someone at your own expense, how much you love money and how difficult it is for you to part with your own money.

If you recognize yourself as a greedy person for profit, it is better for you to refuse to play on the stock exchange, since it is this quality of character that will force you to take excessive risks, which always leads to losses.

• Laziness - do you exercise often?

Do you take out the trash or go to the store without arguing? Do you need to be reminded about unfulfilled obligations? If you answered no to all the questions, then you are not lazy, Forex trading is still the same work and in order to have a stable profit you need to work hard, and doing it yourself is much more difficult than just working under someone else’s guidance.

• Lack of self-organization - you will have to study almost everything on your own, yes, there are paid and free training courses for Forex trading , but even in them no one will show you ten times how to open an order or make graphical constructions.

If you cannot organize yourself, your trading will turn into spontaneous opening of transactions, and trading at random is always a loss.

• Lack of ability to analyze - all trading is based on analyzing the reasons that led to the price movement in one direction or another.

The ability to analyze and draw conclusions is key in stock trading. • An urgent need for money - paradoxical as it may sound, but if you need a lot of money urgently, you are unlikely to get it, since you will always take unjustified risks and try to earn money quickly.

Which will lead to fatal errors. You should not be upset if you have discovered some of the listed qualities in yourself, there is always an alternative to independent trading - this is an investment , it is always better to share part of the profit with an investment fund or manager than to drain the deposit yourself a week after the start of trading.