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Why people lose money in Forex Trading?
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Stonesong

Member Since May 13, 2020  80 posts Stonesong Jul 07 at 06:07
Often, beginners start trading with large first deposits, as a result they lose it.

Cizel89

Member Since Mar 23, 2020  37 posts Cizel89 Jul 09 at 06:36
Stonesong posted:
Often, beginners start trading with large first deposits, as a result they lose it.

True! That's one of the major reasons why they loose.

kaatib

Member Since Sep 10, 2019  1 posts kaatib Jul 09 at 07:17
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.

Kennet

Member Since Dec 05, 2018  7 posts Kennet Jul 09 at 11:41
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.


Fully agree! They don't understand that trading on Forex is a certain kind of art. And you have to find the perfect strategy for you, not just luck.

caseystubbs

Member Since Oct 09, 2009  4 posts Casey Stubbs (caseystubbs) Jul 09 at 13:48
I think they lose because of discipline not willing to do the hard things that require success.

Tryphone2475

Member Since Jul 09, 2020  1 posts Tryphone2475 Jul 09 at 14:31
Get rich Quick mentality is a biggest killer of many forex accounts

Mariusz54546

Member Since Feb 12, 2020  11 posts Mariusz (Mariusz54546) Jul 15 at 13:32
It is necessary not to spread out and use all trading methods at the same time, a sequence of actions, a cold-blooded approach to trading.

togr

Member Since Feb 22, 2011  4836 posts vontogr (togr) Jul 15 at 14:09
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.


The question is why should they be profitable out of nowhere
You can't be dentist or rocket sience engineer without years of study
Why should be Forex any different?

Mirakelv

Member Since Dec 28, 2019  11 posts Mirakelv Jul 15 at 21:33
I agree the beginners who come to trade on forex think they'll be sprinkled with mountains of gold. Because of their self-confidence and inexperience, they lose all their initial capital and get disappointed. They cannot initially understand that trading is quite complicated and that it takes a lot of effort to make a profit. Therefore, I advise all beginners to open a demo account and feel the principles of trading.

Dictiony

Member Since Apr 01, 2020  130 posts Dictiony Jul 16 at 00:33
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.

Yes, agree with you if you have no skills, knowledge and experience then it will be difficult for you to make money in Forex and you can face loss in the trading.

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