Why people lose money in Forex Trading?
Jun 19, 2020 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.
Member Since Nov 15, 2019
26 posts
Jun 19, 2020 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.
Jun 19, 2020 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.
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.
Member Since May 04, 2019
23 posts
Jun 30, 2020 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.
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.
Member Since Nov 08, 2018
19 posts
Jul 01, 2020 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.
Member Since Jun 24, 2020
34 posts
Jul 02, 2020 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.
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Jul 03, 2020 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.
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.
The more your practice, the more you learn.
Member Since Jul 20, 2019
372 posts
Jul 03, 2020 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.
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
Member Since Jul 03, 2020
37 posts
Jul 03, 2020 at 10:19
The reason why people lose money in forex is due to their poor risk management and no precise trading plans. Some more reasons can be: lack of experience and knowledge, greed, overtrade, and not analyzing the market.
Break Forex (breakforex)
Member Since Oct 20, 2009
43 posts
Jul 03, 2020 at 11:55
one answer .. poor risk: reward !! Exit more important than entry !!
Member Since Jun 22, 2020
77 posts
Jul 06, 2020 at 07:16
Greed and overconfident are the two common issues to why people are money. There might be more.
Jul 06, 2020 at 07:46
more often than not, people lose their money from greed. A person sees that there is already profit, but he doesn’t close the deal, because he thinks he’ll earn a little more now and then close it, but most often after that he loses his money.
Online Addict (onlineaddict)
Member Since Mar 31, 2020
26 posts
Jul 06, 2020 at 21:03
How many people out of 7 billion on the planet are successful entrepreneurs? Only a few, not even 1%. There is your answer...forex is a business like any other. It takes hard work and skill, there are no shortcuts. People who can't do it, call it gambling, but its no more gambling than any other business.
Member Since May 15, 2020
8 posts
Jul 07, 2020 at 05:08
According to me, lack of experience, skills, trading plan and strategies led to this. Sometimes non controlling of the emotions play a role too. Can y'all share some tips on how to be profitable?
