Why is it so hard to make money in Forex?

[Ricky Rk]

While forex trading offers opportunities for profit with small capital, many traders lose money due to a lack of experience, poor risk management, and emotional decisions. Success requires strategy, discipline, and proper understanding of the market.

 

[RainbowRain]

Making money in Forex is challenging due to market volatility

On the other hand, every trader has a choice of which currency pair to trade. After all, there are highly volatile pairs, and there are also pairs with low or moderate volatility. For example, I mainly trade the EURUSD pair, which has moderate volatility and minimal spreads at my broker fxopen (0.1-0.2), which also allows me to set small stop losses. The movements of such a pair are more predictable for me and they are smoother, unlike, for example, the XAUUSD pair, where large and sharp movements are often observed and stop losses there will already be much larger.