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Why people lose money in Forex Trading?

Shelby10
Jul 26 2020 at 13:27
140 Posts
Most of the people lose their money because of low knowledge about the forex market.

Juan_Garcia
Jul 28 2020 at 08:30
33 Posts
There can be many reasons behind a trader losing money like lack of skills, poor knowledge, impatience, etc. A trader has to work on many things to earn good in forex.

gargely (gargely653536)
Jul 29 2020 at 11:34
8 Posts
It seems to me that most often people lose their money due to violation of the rule of money management

Daniel993
Aug 03 2020 at 09:40
34 Posts
There are a lot of reasons, but this is actually the number one reason, Is we insist on adjusting the strategy to have as low a probability of taking a loss in the short term as possible. This results in us unintentionally maximizing the amount of the loss.

Michihito
Aug 03 2020 at 11:14
298 Posts
Dictiony posted:
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.

Yes the first reason people lose money is because they don't have enough knowledge to be profitable. Problem is only knowledge doesn't bring profit. To be profitable you need to understand the market psychology, price sentiment and discipline. And most people lack it.

Adam Cantor (AdamCantor)
Aug 03 2020 at 11:58
98 Posts
marco_mmbiz posted:
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.


this ^^ !!! and people get too excited by leverage, and big lot sizes. :(

EllisParker
Aug 04 2020 at 07:04
34 Posts
gargely653536 posted:
It seems to me that most often people lose their money due to violation of the rule of money management


You are right though. That's what happens when emotions over rule.

jaredtaylor
Aug 04 2020 at 07:29
50 Posts
Unrealistic expectations can also be one of the reasons why people lose money in forex.

Evelyn55
Aug 05 2020 at 07:25
52 Posts
jaredtaylor posted:
Unrealistic expectations can also be one of the reasons why people lose money in forex.


Correct. People think of forex as some child's play when in reality it requires as much patience, hard work as any other money making activity.

vontogr (togr)
Aug 05 2020 at 07:27
4862 Posts
There are so many reasons to loss money trading Forex.
The question is why people put real money in something they dont know?
And later lose them.

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