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Why people lose money in Forex Trading?

Stonesong
Jul 07 2020 at 06:07
posts 128
Often, beginners start trading with large first deposits, as a result they lose it.

Cizel89
Jul 09 2020 at 06:36
posts 56
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
Jul 09 2020 at 07:17
posts 1
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
Jul 09 2020 at 11:41
posts 7
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.

Casey Stubbs (caseystubbs)
Jul 09 2020 at 13:48
posts 4
I think they lose because of discipline not willing to do the hard things that require success.

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

Mariusz (Mariusz54546)
Jul 15 2020 at 13:32
posts 14
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.

vontogr (togr)
Jul 15 2020 at 14:09
posts 4862
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
Jul 15 2020 at 21:33
posts 19
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
Jul 16 2020 at 00:33
posts 231
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.

EllisParker
Jul 16 2020 at 06:48
posts 34
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.

Dariusz (Dariusz54t454)
Jul 16 2020 at 09:00
posts 17
First of all, people lose money because they do not fully understand what they are doing.

Mariusz (Mariusz54546)
Jul 16 2020 at 09:10
posts 14
Most often, blame is lost due to human greed

Felhagamand
Jul 16 2020 at 13:52
posts 29
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.

Centrillador
Jul 16 2020 at 14:08
posts 18
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.

Shalinara
Jul 16 2020 at 14:27
posts 19
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.

Akos (Akos53435627)
Jul 20 2020 at 12:08
posts 10
The market is so arranged that many people lose their accounts

vontogr (togr)
Jul 20 2020 at 12:59
posts 4862
Akos53435627 posted:
The market is so arranged that many people lose their accounts

can you elaborate more on this
what does mean market is arranged?

Shelby10
Jul 21 2020 at 16:11
posts 140
Most traders lose their money because of low knowledge about forex market.

Honest_Fx (Curtid33)
Jul 26 2020 at 02:28
posts 49
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.

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