Why people lose money in Forex Trading?
Jul 09, 2020 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.
Miembro desde Oct 09, 2009
posts 4
Jul 09, 2020 at 13:48
I think they lose because of discipline not willing to do the hard things that require success.
Miembro desde Jul 09, 2020
posts 1
Jul 09, 2020 at 14:31
Get rich Quick mentality is a biggest killer of many forex accounts
Miembro desde Feb 12, 2020
posts 14
Jul 15, 2020 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.
Miembro desde Feb 22, 2011
posts 4862
Jul 15, 2020 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?
Jul 15, 2020 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.
Jul 16, 2020 at 00:33
kaatib posted: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.
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.
Miembro desde Jun 24, 2020
posts 34
Jul 16, 2020 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.
Miembro desde Feb 12, 2020
posts 17
Jul 16, 2020 at 09:00
First of all, people lose money because they do not fully understand what they are doing.
Miembro desde Feb 12, 2020
posts 14
Jul 16, 2020 at 09:10
Most often, blame is lost due to human greed
Miembro desde May 14, 2019
posts 30
Jul 16, 2020 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.
Miembro desde Dec 26, 2019
posts 21
Jul 16, 2020 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
Jul 16, 2020 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.
Miembro desde Feb 14, 2020
posts 10
Jul 20, 2020 at 12:08
The market is so arranged that many people lose their accounts
Miembro desde Feb 22, 2011
posts 4862
Jul 20, 2020 at 12:59
Akos53435627 posted:can you elaborate more on this
The market is so arranged that many people lose their accounts
what does mean market is arranged?
Jul 26, 2020 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.
Miembro desde Jun 05, 2020
posts 33
Jul 28, 2020 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.
Aug 03, 2020 at 11:14
Dictiony posted: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.
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.
