Many people lose money in Forex trading? - page 2
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You are right. Without knowledge and experience of trading, people lose money. Greed, lack of knowledge and over trading are the major factors due to traders lose their money.
Yes, these are the major problems, people just get carried away by what they hear without considering the facts about the thing.
Psychology. Often a trader has a bad psychology when first trading. because somehow also psychological conditions in the demo account is very different from the psychological condition in real account. In the real account, our psychology is often used. Without a good psychology, no matter how good our strategy will be useless.
Without the knowledge and experience of forex the risk of losing money would be bigger, to be able to survive in forex trading, a trader must patiently follow step by step to success, ranging from increasing knowledge, practicing with a demo account then with real account with a minimum deposit of small, either always learn to discipline on the system used or money management.
Surprising though but many traders are losing thousand daily. This shows the public that forex is all scam, but it is not. What shocks me more is the fact that not all these traders deserve to lose. Some innocent traders lose good money to their brokers. Yes, even to licensed brokers! It is very surprising that our recognized and respected traders still bilk their clients- trigger that stop loss, they delay servers and even introduce bad bugs to charts. Even those on the NYSE list do this crimes!
Many of the causes which cause a lot of traders lose money in forex. Greedy, can't control emotion, undisciplined and lack of knowledge about forex, they could be the cause. For knowledge, we can use a forex forum and we will also get trading experience from other traders
Surprising though but many traders are losing thousand daily. This shows the public that forex is all scam, but it is not. What shocks me more is the fact that not all these traders deserve to lose. Some innocent traders lose good money to their brokers. Yes, even to licensed brokers! It is very surprising that our recognized and respected traders still bilk their clients- trigger that stop loss, they delay servers and even introduce bad bugs to charts. Even those on the NYSE list do these crimes!
Surprising though but many traders are losing thousand daily. This shows the public that forex is all scam, but it is not. What shocks me more is the fact that not all these traders deserve to lose. Some innocent traders lose good money to their brokers. Yes, even to licensed brokers! It is very surprising that our recognized and respected traders still bilk their clients- trigger that stop loss, they delay servers and even introduce bad bugs to charts. Even those on the NYSE list do this crimes!
Sultan you could have a brilliant idea there. We the traders on forex moan the fact that the very brokers we entrust our investments to and pay painful taxes to ensure regulatory bodies do a good job; still get to scam us. A licensed broker invest millions in devilish hack the connection between their platforms and server, manipulate their price feeds amongst all other evils. So them why should we kindly choose them over offshore brokers.
Opportunities abound to make money in the forex market. Just understand the Forex market and how to effectively run their operations. This is pretty easy to do for those who have taken the time to get the forex education enough through your own research or by other means.
many traders get some losing because of many condition or factors such as1. lack of knowledge2. trade without discipline and patience3. never master the strategy and always jump to another step without good learning 4. and many more...
Very important things to consider carefully, especially learning all there is to know. And things have been made very easy in this regard, with books, brokers books online and even forums are there to help us out. And adding to list is getting the right broker to trade with, they can determine our success too, I carefully chose Profiforex, after looking into their trading terms which can reveal a lot about brokers.
Many factors affect people get loss on forex trading. Such as emotions, greedy, undisciplined, etc.. From sekain many factors most often experienced by the trader is emotion. Emotions part of the psychology of trading. Therefore, we should not be emotional when trading. Trading with emotion will only bring bad impact for our trading.
Yes many traders loose money in forex and for this it can be many reason like as they fail in analyses, getting impatient or sometimes not being alert regarding market and good opportunities.