10 Disadvantages of Trading Forex

disadvantages

  1. You will grow sore boils on your buttocks and your eyes will burst into flames. Don’t joke with sitting down to watch charts the whole day. Don’t underestimate the patience required to wait for one candlestick to form over a 4 hour period. The tenacity of a forex trader is only comparable to that of a Pupa, or whatever that maggot waiting to become a butterfly is called. If you hear a friend of yours say, “That is so boring, it is like watching grass grow,” lean in and tell them, “Compare to what I do for a living, grass grows very fast. I kid you not!”
  1. Little children will think that you are a vampire. I don’t care whether you trade the Tokyo session nor that it opens at 1am Kenyan time. Immediately your neighbours start spotting a light in your bedroom that comes on every midnight rumours will start to germinate. Add to that the fact that you don’t come out of your house often because you are busy trading and your incontrollable yelling (again, in the middle of the night) when you score a 50 pip profit in 10 minutes, and boss, you are just throwing more grist into the rumour mill and very soon you will wake up to summons from your local assistant chief wanting to know why you bite peoples necks. Then yell. Uncontrollably. Weirdo.

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9 Reasons why Kenyan Forex Traders LOSE Money

9reasons

WARNING: This is a relatively lengthy article. But if it is an article aimed at helping you save your hard earned money, then it is definitely worth the read.

On an average month, I interact with hundreds, if not thousands, of Kenyan Forex Traders both physically and through my numerous social channels and most will complain of having lost money at one point or another while trading forex. I have discussed this extensively with my students and the following are the Top 9 reasons why Million shilling forex accounts go bust in the blink of an eye.

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