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Why people lose money in Forex Trading?
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EllisParker

Member Since Jun 24, 2020  21 posts EllisParker Jul 16 at 06:48
kaatib posted:
I think there is lack of experience and knowledge about this market, most of the people do Forex just for thinking they will win by not having great strategy, they trade for luck not for strategy.


You are right. People have huge misconceptions regarding forex.

Dariusz54t454

Member Since Feb 12, 2020  13 posts Dariusz54t454 Jul 16 at 09:00
First of all, people lose money because they do not fully understand what they are doing.

Mariusz54546

Member Since Feb 12, 2020  11 posts Mariusz54546 Jul 16 at 09:10
Most often, blame is lost due to human greed

Felhagamand

Member Since May 14, 2019  19 posts Felhagamand Jul 16 at 13:52
People lose money in forex and especially the new traders because they join forex with the wrong idea. If there is one thing I am sure of it is that forex will never make you rich. The ads ake it seem simple but the reality is quite the opposite. If al you can think about is that when you join forex then you will lose a lot of money.

Centrillador

Member Since Dec 26, 2019  11 posts Centrillador Jul 16 at 14:08
People lose money in forex becaue they do not take their time to learn. Someone joins forex ad a week later they are already trading. That is a very big mistake. If you do not have knowledge in forex then you will not make it far. People fear learning because there is so much to learn and it is very complicated in a way.

Centrillador
Shalinara

Member Since Feb 12, 2020  11 posts Shalinara Jul 16 at 14:27
People lose a lot of money in forex because they take big risks. Trading with high risks guarantees high returns but not in all situations. Those who are not ready to trade patiently with less risks are the ones that have to face these losses. If they take their time then they would not make such losses. Do not rush because things rarely work out that way.

Akos53435627

Member Since Feb 14, 2020  6 posts Akos53435627 Jul 20 at 12:08
The market is so arranged that many people lose their accounts

togr

Member Since Feb 22, 2011  4753 posts vontogr (togr) Jul 20 at 12:59
Akos53435627 posted:
The market is so arranged that many people lose their accounts

can you elaborate more on this
what does mean market is arranged?

I trade what I like. I like what I trade.
Shelby10

Member Since Jul 15, 2020  17 posts Shelby10 Jul 21 at 16:11
Most traders lose their money because of low knowledge about forex market.

Curtid33

Member Since Oct 01, 2019  15 posts Honest_Fx (Curtid33) Jul 26 at 02:28
I lost money because I just wasn't patient. The mistake was putting in more money to get back those losses too haha. The hardest thing to understand was that you dont have to trade everyday or hunt for trades every session. Nowadays I dont even trade everyday, it's like a part-time gig that earns great returns. Ignore the noise from social media.

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