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Why people lose money in Forex Trading?
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AliaDare

Member Since Jul 19, 2020  152 posts AliaDare Aug 05 at 13:46
Trading is a purely psychological game. Winning or losing in trading depends on your psychology. There are many people whose lack of knowledge makes them lose in trading. In the beginning, the traders do not learn anything and due to extra greed, they increase the lot and trade and face many losses. The reason for their loss is that they don't know anything at first and then greedily destroys the whole deposit with trade. Therefore, to make a profit in trading, first, you have to learn to trade, then if you work according to the plan, you can expect something good from trading.

NzeCapitalTrades

Member Since Jun 21, 2020  59 posts WINNINGS (NzeCapitalTrades) Aug 05 at 14:20
People loses money because of not wanting to lose, by not taking loss when they are suppose to. In forex you have to accept you are wrong when you are, and take your lose, That is how you become profiting consistently, That is my basics of being successful.

NO EMOTION DURING TRADING.
LeviSievwright5

Member Since Jul 20, 2020  154 posts LeviSievwright5 Aug 06 at 16:11
From my point of view, most people want to be rich overnight when it comes to Forex trading. But their demand is never right. There is no business that will give you 100% profit. You must accept some losses and if you cannot accept then you can never survive in Forex trading. If you want to follow this method, you have to follow money management and if you don't do that, you will not be able to make a profit for life.

ElliotCooke

Member Since Jul 20, 2020  215 posts ElliotCooke Aug 18 at 18:37
Most of the traders lose their money because of choosing the wrong broker. A wrong plan or strategy also can be the cause of losing money in the market.

Cizel89

Member Since Mar 23, 2020  37 posts Cizel89 Aug 19 at 06:21
ElliotCooke posted:
Most of the traders lose their money because of choosing the wrong broker. A wrong plan or strategy also can be the cause of losing money in the market.

Yes, wrong broker can be one of the reasons, but majorly traders fail due to other reasons like lack of risk management, no proper skills and like you mentioned a wrong plan.

GeorgeBischof

Member Since Jul 19, 2020  216 posts GeorgeBischof Aug 20 at 18:04
I agree with you. Every trader should think about the risk factor before trading in this risky market.

Andronn

Member Since Jun 30, 2020  43 posts Andronn Aug 21 at 06:37
You must understand that no one is insured against risks, and losses will be, no matter how hard you try.

EbonyJones

Member Since Jul 20, 2020  157 posts EbonyJones Sep 07 at 18:43
Most people lose their money because of choosing the wrong strategy. It happens when a trader doesn't have proper knowledge about the market and trading.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.