Most of the people lose their money because of low knowledge about the forex market.
Juan_Garcia
会员从Jun 05, 2020开始
33帖子
Jul 28 2020 at 08:30
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.
It seems to me that most often people lose their money due to violation of the rule of money management
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.
Dictiony posted: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.
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.
Adam Cantor
(AdamCantor)
会员从Mar 18, 2019开始
98帖子
Aug 03 2020 at 11:58
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
会员从Jun 24, 2020开始
34帖子
Aug 04 2020 at 07:04
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
会员从Aug 05, 2019开始
50帖子
Aug 04 2020 at 07:29
Unrealistic expectations can also be one of the reasons why people lose money in forex.
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.
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.
The question is why people put real money in something they dont know?
And later lose them.
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.
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
会员从Jul 20, 2020开始
298帖子
Aug 06 2020 at 16:11
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
会员从Jul 20, 2020开始
341帖子
Aug 18 2020 at 18:37
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.
ElliotCooke posted: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.
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.
GeorgeBischof
会员从Jul 19, 2020开始
318帖子
Aug 20 2020 at 18:04
I agree with you. Every trader should think about the risk factor before trading in this risky market.
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