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Why people lose money in Forex Trading?
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Dictiony

Member Since Apr 01, 2020  62 posts Dictiony Jun 19 at 10:31
According to the my point of views mostly trader's loss their money in Forex due to the lack of knowledge and confidence also greed is the main factor of lose money, for that reason everyone must give enough time to proper analyze the market and trade with less risk, then sure have much benefit in this business.

Wrathdragon

Member Since Nov 15, 2019  13 posts Wrathdragon Jun 19 at 19:26
Sometimes traders are a little bit excited and want to earn more at once, because of this they can take risks by breaking all the rules of trading. And the results of such trading lead to disappointment in the market. Therefore, it is worth to keep yourself in control and still try to act thoughtfully.

Adorazius

Member Since May 30, 2020  2 posts Adorazius Jun 19 at 19:41
I think that beginner traders do not always understand that they will have to work hard here, because the market has a complex structure and requires constant detailed study.
But still, it is normal that someone is not able to cope with it. The main thing is to try and make the right choice afterwards.

Stonesong

Member Since May 13, 2020  40 posts Stonesong Jun 20 at 05:19
You can simply say that this is a normal situation for trading, unless, of course, losses do not go on an ongoing basis.

Nuadahuginn

Member Since May 04, 2019  12 posts Nuadahuginn Jun 30 at 16:33
I think that many traders neglect the demo and grab all assets and strategies at once.
On the one hand, it's the right thing to do, you need to understand what suits you.
The main thing is to do it on a demo, and then, after you make certain conclusions - start working on the main account.

pipsKeeper

Member Since Nov 08, 2018  19 posts pipsKeeper Jul 01 at 10:49
Trading in financial markets has gained widespread popularity. It seems, this is easy income, without any efforts and hard work (however, everyone is looking for own way). This ease has made Forex very popular. But this is an wrong fact. Trading is actually a very complex process that not every traider can comprehend. And this makes Forex the most risky business. A dangerous mix of popularity and risk is the reason people lose money.

AlexLabro

Member Since Oct 17, 2019  13 posts Alex (AlexLabro) Jul 01 at 17:15
They loss their money only because they think forex is easy money.

EllisParker

Member Since Jun 24, 2020  14 posts EllisParker Jul 02 at 07:11
Losses are just a part of forex trading. It happens with everyone no one is that perfect in it. However effective risk management helps you minimise losses to great extent.

ele020

Member Since Apr 15, 2020  2 posts ele020 Jul 03 at 05:47
People loose money in forex when they become impatient and want to earn handsome profits all together. Forex trading or trading in general requires good experience, strategy to manage capital and risk involved.

If a trader wants to gain from this market, he needs to place the lots size after determining its risk appetite. Just like the saying, 'Slow and steady wins the race' is applicable in life, it is the key to forex trading as well.

marco_mmbiz

Member Since Jul 20, 2019  169 posts marco_mmbiz Jul 03 at 09:16
Most people are just greedy. That's a modern human thing I guess (most of our ancestors were not greedy).
Even todays winners are losing, but they're not losing that much like losers do. It's achieved with money management, together with a humble, non-greedy mind.

patience is the key
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