#forexbeginner

Trading in the forex markets looks exciting: you imagine big wins, fast decisions and maybe even a lifestyle upgrade. But for many beginners, reality hits hard. A significant number of traders call it quits within six months. Why? Because initial enthusiasm collides with the tough realities of trading.

First, unrealistic expectations play a major role. Many jump in thinking they’ll double their account quickly. But the truth is, forex trading is much more about discipline and process than instant profits. When big gains don’t come right away, frustration sets in.

Second, poor risk management and lack of a clear plan often cause traders to burn out. Without a strategy, without proper stop-losses, and without managing how much they risk per trade — losses stack up. After sustained pain, quitting seems the easiest option.

Third, psychology and emotional stress derail many traders early. Managing fear, greed, overtrading, revenge trades and unrealistic goal-setting requires emotional resilience, which many newcomers haven’t built yet. When every trade matters too much, the pressure becomes overwhelming.

The article on the link gives you insight into these issues and more. It explains what new traders miss, shows where most go off track and outlines what changes you must make to last beyond the first six months. By reading it, you’ll gain clarity on:

The common mistakes that lead to early quitting

How to set realistic goals and timelines

What to prioritise to build a foundation for long-term trading

New to Forex? Download our free guide and learn how to trade smart from day one.

Understand currency pairs

Practice safely

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Jewelry maker Graff Diamonds paid $7.5 million in bitcoin ransom

📌 If not paid, a group of hackers threatened to expose the personal data of famous customers, including the popular Oprah Winfrey, David Beckham, Donald Trump, the Sultan of Brunei and members of the royal family from the Middle East.

After the bitcoins were paid out, Graff sued the Travelers insurance company for refusing to cover the costs, even though such cases are covered by insurance.

📌 The hack occurred in September 2021, when a group of Conti extortionists claimed responsibility for the data leak. Their actions were atypical: Conti apologized to Graff customers in Saudi Arabia, the UAE and Qatar.