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Why people lose money in Forex Trading?

Shelby10
Jul 26 2020 at 13:27
140帖子
Most of the people lose their money because of low knowledge about the forex market.
Juan_Garcia
Jul 28 2020 at 08:30
33帖子
There can be many reasons behind a trader losing money like lack of skills, poor knowledge, impatience, etc. A trader has to work on many things to earn good in forex.
gargely (gargely653536)
Jul 29 2020 at 11:34
8帖子
It seems to me that most often people lose their money due to violation of the rule of money management
Daniel993
Aug 03 2020 at 09:40
64帖子
There are a lot of reasons, but this is actually the number one reason, Is we insist on adjusting the strategy to have as low a probability of taking a loss in the short term as possible. This results in us unintentionally maximizing the amount of the loss.
Michihito
Aug 03 2020 at 11:14
298帖子
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.
Yes the first reason people lose money is because they don't have enough knowledge to be profitable. Problem is only knowledge doesn't bring profit. To be profitable you need to understand the market psychology, price sentiment and discipline. And most people lack it.
Adam Cantor (AdamCantor)
Aug 03 2020 at 11:58
98帖子
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. :(
EllisParker
Aug 04 2020 at 07:04
34帖子
gargely653536 posted:
It seems to me that most often people lose their money due to violation of the rule of money management

You are right though. That's what happens when emotions over rule.
jaredtaylor
Aug 04 2020 at 07:29
50帖子
Unrealistic expectations can also be one of the reasons why people lose money in forex.
Evelyn55
Aug 05 2020 at 07:25
52帖子
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.
vontogr (togr)
Aug 05 2020 at 07:27
4862帖子
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.
AliaDare
Aug 05 2020 at 13:46
788帖子
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.
WINNINGS (NzeCapitalTrades)
Aug 05 2020 at 14:20
59帖子
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.
LeviSievwright5
Aug 06 2020 at 16:11
298帖子
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.
ElliotCooke
Aug 18 2020 at 18:37
341帖子
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.
Cizel89
Aug 19 2020 at 06:21
63帖子
ElliotCooke posted:
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.
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.
GeorgeBischof
Aug 20 2020 at 18:04
318帖子
I agree with you. Every trader should think about the risk factor before trading in this risky market.
Andronn
Aug 21 2020 at 06:37
90帖子
You must understand that no one is insured against risks, and losses will be, no matter how hard you try.
EbonyJones
Sep 07 2020 at 18:43
232帖子
Most people lose their money because of choosing the wrong strategy. It happens when a trader doesn't have proper knowledge about the market and trading.
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