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Thread: Why do Forex Traders Lose Money
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06-26-2013, 09:45 PM #1
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Why do Forex Traders Lose Money
It is usually known that most Forex dealing traders are unsuccessful.Actually, it is estimated that 65% of Forex dealing decrease money and end up providing up.So I wanna to ask that what objective behind it? Please talk about your experience about it.Show respect for the markets.
"By Changing Your Thinking"
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06-26-2013, 10:39 PM #2
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On of the most common reason most of the trader loos there money in forex is just because of the emotions . As we all know fear is one of the reason why many people face failure in forex market . Due to fear while trading many people take the inappropriate decisions and that will make them to face loss in the forex business.
And the another emotion is Greedy and here in forex we have the unlimited earning opportunity and that really make many of the people to become greedy in the business and as the results they will be getting failure for sure . So a trader should be happy with what they get because earning even a small profit in forex is not a easy task .
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06-26-2013, 10:44 PM #3
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There are so many reason to lose money in forex trading. When somebody don't have the proper knowledge about trading and don't have the proper experience about forex trading they become loss in forex trading. If you maintain the amount of money and get the prefect knowledge you will not be lost in trade. Thanks all.
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06-27-2013, 10:04 AM #4
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lose money in forex trading is a natural thing that will happen to all the traders, because forex is a business that is sure to have a risk of losing money, and in all businesses, we would not have been able to turn a profit without having to lose the money we have , and the loss incurred on forex trading will make us have a very good experience to be able to know how to work in forex trading so that we can make a profit and also a way to be able to avoid the losses that will occur at the next trade, and if we really to study the causes of loss that occur in forex trading, then we will get a very good knowledge that we can use to generate profits from forex trading
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06-27-2013, 11:50 AM #5
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the reality of this market is very bitter only 5% of traders get success here else remain fail the most important fact in failure is inadequate learning. Every one who come here in this market want to become rich in overnight which is really not a good thing for the traders and for the brokers. No doubt broker make money from such traders but the did not get traders who stay with them.
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06-27-2013, 12:15 PM #6
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Losing in forex trading is not a new story, everyday one of few always lose money. There are many reasons behind losing money by a trader in forex market. If a trader don't have sufficient experience and knowledge then it is possible that he always make some mistakes. Sometimes traders won't able to make decisions, they can't analyze the market accurately and end up with loss only. So it is very important for a trader to learn first and then trade. Forex trading needs some discipline and those who follow it certainly get success. Traders often open large lot size orders, they know it is a big risk to open large lot size with low margin. But traders want to make huge profit with a single trade. This type of greed is very dangerous and traders end up with blowing up their accounts. It is their own mistakes and we can't blame anybody else for their losses. We can also notice that despite of high risks and uncertainty people ignore some good strategies to safe guard their account, they don't feel the importance of putting stop loss. At the end they face loss again, stop loss never be bad because it always save us from any big losses. These are few examples, traders often loss money in tradings because they don't follow any strict rules and they trade without any discipline and strategy.
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06-27-2013, 12:18 PM #7
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Well the major reason why there are so many traders losing here in the trade market is because the traders are just not being able to understand how to trade here in the trade market.There are so many traders that trade here without any proper understanding of the market and when this is the case then they are certain to lose.
Mainly the beginner traders that we see here in the trade market are trading without even understanding the trades well and therefore they are led to losing here.The beginner traders think that they deserve to gain easy profits here in the trade market but that is the wrong way to be moving on here in the trades.As that way the traders are simply going to lose only.
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06-27-2013, 01:28 PM #8
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There are many reasons for the losses of the traders. We can say also that there will be chance of seeing many mistakes done over and over that can't be avoided. We should have also think that in Forex, there will be no perfect trading and there's chance of losing our trades. Some will have lack of experience and also that they don't have sufficient knowledge. As well as the trading strategy they have used isn't worthy.
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06-27-2013, 03:45 PM #9
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forex trading is very risky market and many people loose money due to their greediness so yopu must avoid this bad factor to get profit from forex trading .new traders want to get big money infew days and in this way they loose their whole money in few days and their trading account is empty so do not greedy and learn well have a good plan and get good profit .
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06-27-2013, 09:06 PM #10
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From different site we can say that Forex trading is a very sensitive. For gain one must need to increase their knowledge about different policy of this trading system. We also need to very conscious about time because profit also depends on time. Also we need to know well about fundamental and technical site.
so, do not greedy and increase your knowledge to increase profit.
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06-27-2013, 09:32 PM #11
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We all know well that forex trade is risky trade; here loss is common part of this trade. Among many cause of getting loss, lake of skill is one of them. We need to become skilled to protect loss in forex trade. So, after consistent loss no trader can keep their balance in this trade. Yet I suggest not to be demoralized and start trade with the experience of these losses, hope consistent profit will knock at our door again.
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06-27-2013, 09:54 PM #12
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i think it has many reason for losing money in forex. we can see that most of the newbies are getting loss in forex trade. because at first they don't want to learn forex trade for long time and properly. they want to make quick profit. they don't want to practice demo. they thought that it is a wasting time. they want quick trade and quick profit. at a result they get loss in trade.
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06-28-2013, 06:01 PM #13
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The emotions are actually not the main reason behind the losses of the forex trader, emotions are just the reason of some unexpected results but actually its not a very strong reason that will define why most of the traders fails in forex business.
Actually there is no exact reason, there may be many reason for different traders for their loss or failures. Lack of knowledge, Lack of money and risk management, lack of enough confidence and patience while trading are the main cause to attract the disaster in the traders accounts.
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06-28-2013, 06:08 PM #14
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i think every trade must has loss. so loss is a common element of trade. loss is a part of trade. if we get loss of some trade and after that we can make profit of some trade, then it is not a loss. we may consider it as a general matter. but if we loss every trade or most of the trade and lost our money then we call it loss. we can loss our capital for shortage of knowledge, experience, bad money management, for emotion and more greed.
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06-28-2013, 06:17 PM #15
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i think that one of the major thing that cause traders losses are emotions we all need to controle it and we can only do that throw practice and learning and lot of self confidence . when you trust you decision
you just follow it until it reach the target of the stop lose