Navigating the intricate landscape of financial markets, where assets fluctuate in value, demands adept risk management strategies. For those unacquainted with trading, the endeavor involves buying and selling financial instruments like stocks, cryptocurrencies, or forex. In this dynamic realm, the significance of risk management cannot be overstated. It's akin to choreographing a delicate dance between potential gains and potential losses.

Successful trading goes beyond mere entry and exit points; it involves making profits, safeguarding your trading capital, and addressing the psychological aspects of money, often overlooked facets that hinder traders from realizing their full potential. For traders to truly excel, cultivating healthy money habits is crucial, supporting their objectives and steering clear of the common pitfalls that ensnare many novices.

In the dynamic world of forex trading, where currencies are bought and sold on the global market, traders often seek to unlock the potential for substantial returns. However, the reality is that a significant number of forex traders end up losing funds instead. Understanding the reasons behind these losses is crucial for aspiring traders to avoid common pitfalls and enhance their chances of success. In this article, we delve into the key factors contributing to forex traders' losses and provide valuable insights on how to navigate the forex market with caution and skill.

Key events: UK – Construction PMI (Nov) Canada – Ivey PMI (Nov) Australia – RBA Rate Statement      USA – EIA Short-Term Energy Outlook   U.S. stocks fell while bond yields jumped after the release of positive ISM service sector data suggesting that the most important part of the U.S. economy, where sticky inflation lives, is not close to collapse.