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Why people lose money in Forex Trading?
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Shelby10

Member Since Jul 15, 2020  96 posts Shelby10 Jul 26 at 13:27
Most of the people lose their money because of low knowledge about the forex market.

Juan_Garcia

Member Since Jun 05, 2020  31 posts Juan_Garcia Jul 28 at 08:30
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.

gargely653536

Member Since Feb 21, 2020  5 posts gargely (gargely653536) Jul 29 at 11:34
It seems to me that most often people lose their money due to violation of the rule of money management

Daniel993

Member Since Jul 31, 2020  4 posts Daniel993 Aug 03 at 09:40
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

Member Since Jul 19, 2020  145 posts Michihito Aug 03 at 11:14
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.

AdamCantor

Member Since Mar 18, 2019  98 posts Adam Cantor (AdamCantor) Aug 03 at 11:58
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

Member Since Jun 24, 2020  34 posts EllisParker Aug 04 at 07:04
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

Member Since Aug 05, 2019  45 posts jaredtaylor Aug 04 at 07:29
Unrealistic expectations can also be one of the reasons why people lose money in forex.

Evelyn55

Member Since Apr 28, 2020  50 posts Evelyn55 Aug 05 at 07:25
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.

togr

Member Since Feb 22, 2011  4838 posts vontogr (togr) Aug 05 at 07:27
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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