Why people lose money in Forex Trading?

Jun 19, 2020 at 10:31
2,229 Visa
52 Replies
Medlem sedan Apr 01, 2020   231 inlägg
Jun 19, 2020 at 10:31
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.
Medlem sedan Nov 15, 2019   26 inlägg
Jun 19, 2020 at 19:26
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.
Medlem sedan May 30, 2020   16 inlägg
Jun 19, 2020 at 19:41
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.
Medlem sedan May 13, 2020   128 inlägg
Jun 20, 2020 at 05:19
You can simply say that this is a normal situation for trading, unless, of course, losses do not go on an ongoing basis.
Medlem sedan May 04, 2019   23 inlägg
Jun 30, 2020 at 16:33
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.
Medlem sedan Nov 08, 2018   19 inlägg
Jul 01, 2020 at 10:49
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.
Medlem sedan Oct 17, 2019   13 inlägg
Jul 01, 2020 at 17:15
They loss their money only because they think forex is easy money.
Medlem sedan Jun 24, 2020   34 inlägg
Jul 02, 2020 at 07:11
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.
Medlem sedan Apr 15, 2020   219 inlägg
Jul 03, 2020 at 05:47
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.
The more your practice, the more you learn.
Medlem sedan Jul 20, 2019   373 inlägg
Jul 03, 2020 at 09:16
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.
patience is the key
Medlem sedan Jul 03, 2020   37 inlägg
Jul 03, 2020 at 10:19
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.
Medlem sedan Apr 09, 2020   2 inlägg
Jul 03, 2020 at 11:34
People lose their money because the market was designed to lose 99%, and only selected or random people could earn.
Medlem sedan Oct 20, 2009   43 inlägg
Jul 03, 2020 at 11:55
one answer .. poor risk: reward !! Exit more important than entry !!
Medlem sedan Oct 07, 2019   39 inlägg
Jul 04, 2020 at 09:46
Because of lack of money management and proper trading plan.
Medlem sedan Jun 30, 2020   90 inlägg
Jul 05, 2020 at 03:23
For forex, in principle, this is normal, unless, of course, you are in the loss zone.
Medlem sedan Jun 22, 2020   77 inlägg
Jul 06, 2020 at 07:16
Greed and overconfident are the two common issues to why people are money. There might be more.
Medlem sedan Apr 25, 2020   119 inlägg
Jul 06, 2020 at 14:07
Losses may be due to ill-considered risks.
Medlem sedan Mar 31, 2020   26 inlägg
Jul 06, 2020 at 21:03
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.
Medlem sedan May 15, 2020   8 inlägg
Jul 07, 2020 at 05:08
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?
Medlem sedan May 13, 2020   128 inlägg
Jul 07, 2020 at 06:07
Often, beginners start trading with large first deposits, as a result they lose it.
Logga in / Registrera dig to comment
You must be connected to Myfxbook in order to leave a comment
*Kommersiell användning och skräppost tolereras inte och kan leda till att kontot avslutas.
Tips: Om du lägger upp en bild/youtube-adress bäddas den automatiskt in i ditt inlägg!
Tips: Skriv @-tecknet för att automatiskt komplettera ett användarnamn som deltar i den här diskussionen.