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Thread: Why do Forex Traders Lose Money
  1. #5471
    NF Rookie
    AliMajid is an unknown quantity at this point AliMajid's Avatar
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    Everyone have its own point of view that why people are failed in Forex trading.
    But, in my opinion these reasons are common which become the cause of our failure.
    1:The first mistake a trader do when he do trade without learning a proper trading strategy.
    2: When a trader do trade without following money management.
    3: Third is very important in my view that traders are not control their emotions after placing order in the market.

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  3. #5472
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    greatsam is on a distinguished road greatsam's Avatar
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    From my little experience in the market as a trader one of the most reason why trader loose money is lack of adequate knowledge and discipline required for success.It all start from the point of learning,some newbie will be in haste to start live trading aiming to start making quick profit without proper learning and practice,i think this are some of the major reasons to be worked upon.

  4. #5473
    My pips hand is weak
    mekawy2020 will become famous soon enough mekawy2020's Avatar
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    The simple answer to your question is this that the people tend to be impatient and hence loose their money at the start of their career in Forex and then they tend to leave it. The best way in my opinion is this that a person must always practice in a demo account first before starting trading in real account

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  6. #5474
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    Mastadon is on a distinguished road Mastadon's Avatar
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    I personally disagree for the reason number one ...
    beginners in the forex world requires experience to control emotions first ...
    frankly in the world of forex, the loss is as easy as turning the palm of the hand ... once one took the position, losing is certain ....

    There is not enough experience for newbies, but they also donít really want to get any positive experience because they have no limitations. After a year or two, they understand that restrictions are needed otherwise not to make money. Those who think what they earned today are lucky and tomorrow they lose it means they are not lucky, this is just a game, not a trade. Trade is a stable income.

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