Why people lose money in Forex Trading?

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.

Sometimes traders are a little bit excited and want to earn more at once, because of this they can take risks by breaking all the rules of trading. And the results of such trading lead to disappointment in the market. Therefore, it is worth to keep yourself in control and still try to act thoughtfully.

I think that beginner traders do not always understand that they will have to work hard here, because the market has a complex structure and requires constant detailed study.
But still, it is normal that someone is not able to cope with it. The main thing is to try and make the right choice afterwards.

You can simply say that this is a normal situation for trading, unless, of course, losses do not go on an ongoing basis.

I think that many traders neglect the demo and grab all assets and strategies at once.
On the one hand, it's the right thing to do, you need to understand what suits you.
The main thing is to do it on a demo, and then, after you make certain conclusions - start working on the main account.

Trading in financial markets has gained widespread popularity. It seems, this is easy income, without any efforts and hard work (however, everyone is looking for own way). This ease has made Forex very popular. But this is an wrong fact. Trading is actually a very complex process that not every traider can comprehend. And this makes Forex the most risky business. A dangerous mix of popularity and risk is the reason people lose money.

They loss their money only because they think forex is easy money.

Losses are just a part of forex trading. It happens with everyone no one is that perfect in it. However effective risk management helps you minimise losses to great extent.

People loose money in forex when they become impatient and want to earn handsome profits all together. Forex trading or trading in general requires good experience, strategy to manage capital and risk involved.

If a trader wants to gain from this market, he needs to place the lots size after determining its risk appetite. Just like the saying, 'Slow and steady wins the race' is applicable in life, it is the key to forex trading as well.

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.

The reason why people lose money in forex is due to their poor risk management and no precise trading plans. Some more reasons can be: lack of experience and knowledge, greed, overtrade, and not analyzing the market.

People lose their money because the market was designed to lose 99%, and only selected or random people could earn.

one answer .. poor risk: reward !! Exit more important than entry !!

Because of lack of money management and proper trading plan.

For forex, in principle, this is normal, unless, of course, you are in the loss zone.

Greed and overconfident are the two common issues to why people are money. There might be more.

Losses may be due to ill-considered risks.

How many people out of 7 billion on the planet are successful entrepreneurs? Only a few, not even 1%. There is your answer...forex is a business like any other. It takes hard work and skill, there are no shortcuts. People who can't do it, call it gambling, but its no more gambling than any other business.

According to me, lack of experience, skills, trading plan and strategies led to this. Sometimes non controlling of the emotions play a role too. Can y'all share some tips on how to be profitable?