Thread by @ininvestor

Why most of CFD traders lose money?
When you visit your broker's site, you will see how many accounts lose money, this figure will likely be over 70%; thus over 70% of CFD traders lose money.
Ever wondered why?
Let's see in this thread.
independentinvestor.com/cfd/why-trader…
#forex #cfd #trader

Reason 1: Gambling. Gambling is probably the most common reason why so many CFD traders lose money. People get drawn into trading in a hope of making a quick buck and then end up losing money due to gambling and hoping for a lucky break.
#cfdTrading #CFD

Reason 2: Over-leveraging. Leverage is tricky as it is one of the pillars of CFD trading but at the same time most of the risks are associated with it. Try to keep the leverage in check and never put much of your capital at risk.
independentinvestor.com/cfd/trading-on…
#Leverage #tradingrisk

Reason 3: Over-trading. Just remember, the more you trade the more money your broker will make because of the spread. Don't trade just because you're bored or willing to place as many trades as you can.
It's better you spend your time on research.

Conclusion: In this thread, we covered 3 of the reasons why so many CFD traders end up losing money.
The other reasons for the failure would be: lack of research, procrastination, being in the wrong market, and of course, learning from the past mistakes.

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