Top Reasons Forex Traders Fail

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Top Reasons Forex Traders Fail
www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
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What is Forex?

• Forex is an abbreviation for the foreign exchange
  market.
• Forex does not possess the glitz and glam of the
  stock market, but it is the one of the largest
  markets for investors.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
3
More Details about Forex

• On average, 4 trillion dollars are traded daily.
• Currency is bought and sold on Forex.
• Forex runs 24/hrs in the major markets, of New
  York, London, Tokyo, Sydney, Zurich, Frankfurt,
  Hong Kong and Paris.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
4
Forex might seem for everyone....

• Independent of age, gender, location.
• You can even be retired and still try Forex
• If it works for you from the start, then you are
  in the minority.
• If it doesnt work, here are some reasons why
  that might happen.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
5
Pitfalls of Why Forex Traders are not Successful

• Having passion for your industry and your field
  is an admirable quality.
• it is how you react and address these collective
  opportunities that can define your character as
  an online investor.
• With two sides of the spectrum, most traders do
  not possess the focus and the wherewithal, to see
  the sensible way to approach the Forex market,
  which leads to a lack of vision.

No. 1 Lack Of Discipline
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Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
6
Pitfalls of Why Forex Traders are not Successful
No. 2 Poor Planning

• Trading plans are the blueprints to success and
  failure.
• Technical analysis is a vital tool to use and
  understand.
• Without perspective varying time frames, it can
  be confounding to adjust, to trends in the
  marketplace.
• You could be easily, pouring cement around your
  feet, waiting for it to dry and eventually you
  are- stuck.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
7
Pitfalls of Why Forex Traders are not Successful
No. 3 Not Adapting To The Market

• Being a chameleon is an advantage.
• Accepting differing points of view, you gain a
  broader understanding of how specific financial
  sectors operate.
• Before the market even opens, you should create a
  plan for every trade. 
• Successful traders plan for low probability
  events and are rarely surprised if they occur. 

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
8
Pitfalls of Why Forex Traders are not Successful

• No matter what anyone says, trading forex is not
  a get-rich-quick scheme.
• Success requires recurrent efforts to master the
  strategies involved.
• Swinging for the fences or trying to force the
  market to provide abnormal returns usually
  results in traders risking more capital than
  warranted by the potential profits.

No. 4 Having Unrealistic Expectations
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Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
9
Simply. Stay Rooted

• Online futures trading truly can be rewarding,
  risky venture that takes great fortitude, skill
  and planning.
• Discipline is essential.
• Planning and making ready adjustments are
  hallmarks to truly finding success in online
  futures trading.
• If your investment plan is sound, when changes
  eventually emerge, there are no surprises it
  just becomes part of the larger plan.
• Become a student to other traders, and to the
  various markets you intend to invest.
• Allow time to pass, before making hasty
  decisions.
• Its success truly lies in your hands.

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
10
Important Futures Trading Disclaimer
Slide Title
www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.
11
Thank You

• Website - https//www.cannontrading.com/
• Open An Account - https//www.cannontrading.com/op
  en-account
• Call Toll Free - [phone], [phone]
• Fax - [phone]
• Mailing Address - Cannon Trading Company, 9301
  Wilshire Boulevard, Suite 515 Beverly Hills, CA
  90210

www.cannontrading.com Call - [phone]
Futures trading is risky and not suitable for
everyone. Past performance is not indicative of
futures results.