Four Factors that Cause Most Traders to Lose Money, and How to Avoid Them
Trading is a difficult endeavor for anyone who is looking to start trading. However, due to the extreme volatility present in these markets, trading in futures or on margin is even more challenging when doing so in the crypto currency markets. Here are some factors that cause most traders to lose money: 1. Failure to Set a Stop-Loss: Any person who wants to start trading will find it challenging. However, trading in futures or on leverage in the crypto currency markets is much more difficult due to the significant volatility prevalent in these markets. 2. Not Conducting Technical Analysis: Some traders simply adhere to the advice of others and do not perform their own technical assessments. Before putting in their intraday orders, traders should examine the prices, examine the volume, examine previous trends, and examine other technical indicators. One of the biggest errors intraday traders make is to rush through the process of placing buy or sell order...