By gambling one can get some winning trades here and there. Those few wins give them false hope. And they keep doing it until lose all the money. A trader should focus on learning. Otherwise one should not trade currency.
There is something similar in forex trading to playing in a casino. The same stacks for a certain currency. Possibly win. But there are also losses, which are many times greater. And which happen often both for beginners and professionals. The difference is that the professional will accept his failure, analyze what happened and start waiting for a favorable entry point into the market. And the layman will start to recoup. And as a result. Loss of account.
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.