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Why people lose money in Forex Trading?
Miembro desde Mar 18, 2019
posts 98
Aug 03, 2020 at 11:58
Miembro desde Mar 18, 2019
posts 98
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. :(
Miembro desde Jun 24, 2020
posts 34
Miembro desde Aug 05, 2019
posts 50
Aug 05, 2020 at 07:25
Miembro desde Apr 28, 2020
posts 52
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.
Miembro desde Feb 22, 2011
posts 4862
Aug 05, 2020 at 07:27
Miembro desde Feb 22, 2011
posts 4862
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.
The question is why people put real money in something they dont know?
And later lose them.
Aug 05, 2020 at 13:46
Miembro desde Jul 19, 2020
posts 788
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.
Miembro desde Jun 21, 2020
posts 59
Aug 05, 2020 at 14:20
Miembro desde Jun 21, 2020
posts 59
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.
Miembro desde Jul 20, 2020
posts 298
Aug 06, 2020 at 16:11
Miembro desde Jul 20, 2020
posts 298
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.
Miembro desde Jul 20, 2020
posts 341
Aug 19, 2020 at 06:21
Miembro desde Mar 23, 2020
posts 63
ElliotCooke posted: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.
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.
Miembro desde Jul 19, 2020
posts 318
Miembro desde Jul 20, 2020
posts 232
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