Absolutely, lack of trading knowledge is the main parameter of losing regular money here! I see, almost all of low skilled Forex traders are gamblers, they try to hunt profit! On the other hand, knowledgeable Forex traders are very logical! They know, when good opportunities are available and how to recover here!
loss is a thing that always taught us a great lesson but we generally cant take this general issue, we got upset when making losses and trade over and over for recovery, as a result, lost almost whole equity.
Incurring losses while trading forex is obviously common. You cannot avoid losses completely at all. You lose and you win. It goes like that and will always be like that. Accept the fact as soon as you can.
A good trading plan can recover some of the losses from bad trades, but if you keep making bad trading decisions, then you will eventually lose all your money. A good Forex trader does not have many losing trades, and when they do lose, they just accept it as a cost of doing business. A trading plan can help you avoid having too many losing trades.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.