personally i find risk management is peoples biggest problem and just accepting that not all trades will win.
The amount of traders i see who are actually profitable, or would be if they just accepted losses will happen.
an example of this is you have a trader who makes 20 pips when they win, and have a 70% win rate.
however, when they lose a trade, they keep moving their SL or just keep the trade open hoping it goes back in their favour.
No good having a 70% win rate if when you win you make 20 pips but when you lose , its 40+ pip loss.
that mentality issue , is in my opinion the single biggest problem stopping so many traders from being successful with Forex.
The amount of traders i see who are actually profitable, or would be if they just accepted losses will happen.
an example of this is you have a trader who makes 20 pips when they win, and have a 70% win rate.
however, when they lose a trade, they keep moving their SL or just keep the trade open hoping it goes back in their favour.
No good having a 70% win rate if when you win you make 20 pips but when you lose , its 40+ pip loss.
that mentality issue , is in my opinion the single biggest problem stopping so many traders from being successful with Forex.