Why do so many people blow their accounts on forex?

[kadash]

There are many reasons why people blow their accounts in the forex trading market
and one of them is not the right money management skills
and not the right trading lot size traded by the trader
and if both of these problems are sought by forex traders than he is.
will be good on a constant basis without a doubt

[FOREXMAN]

When you are new in the forex trading do not ever tried to make high amount of profit and this can be very helpful for you in the future because you will not lose your money and can make good amount of profit with the account size in the later stage

[mangkarni]

My dear friends in my opinion, I think it's because there's a lot of hope beyond their ability to achieve it.
Instead of developing their skills,
as well as their capital, patience, they want to be the next financial night's magic boy.
If you do not know how to shoot, good luck and thanks for all

[munibkhan]

dear forex market mein trader k accounts below karny k bhout se reason hoty hen ku k dear hum forex market mein is liye accounts below kar dety hen ku k hum patience ki waajh se kam nhi karty hen market mein

[Anee Sharmeen]

As for as my concern that there is so many new entries who dont know much about the market and they are working on live accounts and some times by chance they earn some thing but mostly they lose and the other factors are lack of knowledge.

[Honey14]

aapake prashn ka saral uttar yah hai ki log adheer ho jaate hain aur isalie videshee mudra mein apane kairiyar kee shuruaat mein apana paisa dheela karate hain aur phir ve ise chhod dete hain. meree raay mein sabase achchha tareeka yah hai ki ek vyakti ko hamesha vaastavik khaate mein vyaapaar shuroo karane se pahale ek demo khaate mein hamesha abhyaas karana chaahie.

[elsiafy]

Some people may see that loss is superior to profit in the world of Forex, but they are wrong, they are not aware of good and good study in the field of Forex and loss of continuous monitoring of the market and the strategies of mating and others Look at the Forex method is not negative be the right to understand they did not know it well is desirable as a work before it Profit

[zaimanawaz]

Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????

Additional Details
simion-yes I know, there's of course reasons why the market moves the way it does but the coin does not know or care. So if the USD suddenly decides to turn around and I sold the EUR because that 50/50 coin toss decided tails then I make money. The chance is still 50/50 because the chance of hitting either stop is close to equal. I don't see what leveraging has to do with it this. If I use leverage to increase my buying power I don't go full leverage because that's the easiest way to kill yourself, that's obvious I think you're just increasing your chance of getting margin called especially with 50/50 probability. The only factor swaying the 50/50 is the spread. THank you for your response though I am just trying to figure out and this was just my initial view of the market.. I'm far off from learning fundamental methods of trading, it will take me years to understand it and even then I don't think that knowledge will pay off if I don't have the fortitude to make confident trades.

While Forex is a global market. you need to be aware of what�s happening on the other side of the planet, as well as what�s happening in your own country, to understand the full economic picture and analyse the currency correctly. In short, Forex is more complicated market than stocks. That�s why it�s believed to be more difficult to trade than stocks.

[OSAMA ANWAR]

Dear reasons bhtt sare hoskte hn account sy balance khtm hojana kyu ky hum apne emotions pe control nh kr pate or greedy hojate hn zyda ordr place krdete hn en sb sy bachne ky lye rules ko follow kr ke trade kren.

[senyum]

interested in a potential lifestyle to live with being a full time Forex trader.
You must be cautiously optimistic at this stage rather than planning to include all your eggs in the Forex trading basket
and dreaming of the lifestyle of the rich and famous. Trade is just 'get rich quick';
It takes discipline, dedication, organization, logic, and patience