Why Do So Many Forex Traders Lose Money? - page 2

gaban
1708
gaban  
LuckBoy:
Forex is not easy business so we need good knowledge and experience in forex for income money quickly. Forex is a hard business than other business because this is risky business. We need learn first and if we start without learn, we can fall loss. Greedy can fall us in loss.

That's right. There's no shortcut to be a successful trader in forex. The best and the most important way to earn in forex is through complete forex learning and through continuous forex practice to make our trading skills be better and more better.

[Deleted]  
taniaislam09:
Yes, the bitter reality is that only 5% of Forex Traders make any money at all. Even hedge fund owners and bankers lose money once they try to trade on their own. This happens because they're used to trading according to a set of rules that their employers requires them to trade by. But when they leave their employer, those rules go out the window and they have to manage their own internal motivations. This is how greed and fear can get the best of even the most knowledgeable traders. Shockingly, a lot of these traders end up having to "fall back" on teaching what they know and YOU end up paying them thousands for a training seminar. [Mr. Ezekiel Chew]

No one is 100% rational people. When we trade manaully, we would add our emotional thoughts, which could affects our normal judgments. But I trade with my own profitable EA and the stability helps me win in the long run. 6-year ups and downs help me gain lots of experiences. Good luck.

goot
369
goot  
sourcecodefx:
No one is 100% rational people. When we trade manaully, we would add our emotional thoughts, which could affects our normal judgments. But I trade with my own profitable EA and the stability helps me win in the long run. 6-year ups and downs help me gain lots of experiences. Good luck.

This is why we say different traders have different strategies that works for them.

Muhammad Aun
163
Muhammad Aun  

Yes EA,s can work good for some time to get good profit but they are not reliable for a long time . Traders should avoid to depend on them totally .Develop their own skills on demo account so that they face market by manual trading that is trusty all the time.

gaban
1708
gaban  
UMOFX AIR:
Yes EA,s can work good for some time to get good profit but they are not reliable for a long time . Traders should avoid to depend on them totally .Develop their own skills on demo account so that they face market by manual trading that is trusty all the time.

yes, we can not entirely depend on the EA because EA is suitable for use in a specific period. Moreover, EA can not work when the market is volatile. Therefore, we still need to improve our trading skills so that we will still benefit even if the market is volatile.

gaban
1708
gaban  

Loss is a part of the forex risk. We can not eliminate the loss in trading. Many factors could be the cause of the loss on trader like psychological. In forex, we not only need a good trading skills, but we also need a good trading psychology. So that the loss can be minimized.

gaban
1708
gaban  
uncle gober:
Many traders lose money in Forex business. It is true. Because many traders start trading without knowledge. Trading without experience is one of the most important reason behind failure. Some people lose money for their greed. They trader over and over and get loss. We can earn money from Forex by dint of practice.

yes, many who have lost money due to several factors, lack of knowledge, lack of skills, greed, emotion, revenge etc.. Therefore, to minimize the risk of losing money, then we should be able to manage the risks in forex well as all that happens is difficult to predict with certainty.

Arif
199
Arif  

I think trading without knowledge is the basic key of loosing our money in Forex. Forex is a real business and we can not succeed if we have no knowldge about Forex.

franches
5
franches  

most loose bcoz no patience, fear /greedy leads them to grave

precious
49
precious  

Here are some reasons why traders lose money

1)Impatient

2)Inability to control their emotions

3)Greed

4)Lack of exposure to the market

5)Covetousness

6)Not having interest in learning.

7)Proving smarter than their mentor

8)Inability to learn from their mistakes