Chapter 10 Challenges
Challenges
1) Fluctuations / Volatility
The foreign exchange market is quite dynamic. Currency exchange rates can fluctuate rapidly, and if you're not attentive, your money could disappear over night. Forex traders with short-term profit goals run the risk of being exposed to unexpectedly high volatility, which could make their trading approach unprofitable.
2) Emotions
Most traders fail mostly as a result of their own emotions. Because they are so intent on making money, traders often find it difficult to regulate their emotions. As a result, having a strong mentality and having as much knowledge about the forex market as you can is essential for becoming a good trader in addition to having a fantastic strategy to earn a profit.
