Why do so many people blow their accounts on forex?

[okybayu]

The easy answer to firmly your question is this fact that the individuals are likely to be impatient and hence loose their cash for the begin with the career in Forex and when that these are likely to leave it. The very best manner inside my opinion is this fact that an individual should invariably follow because we are part of a demo account first before beginning trading in real account.

[sammaranthu]

The people growing niche to be impatient and hence loose their money at the start of their career in Forex, they are the more greed and they don t wait the market, if we do control greedy and emotions then we can make-profit-Easily and also can safe our account in forex. trading without the stop loss is a major cause traders that get a lot of floating loss and finally loss account.

[abubakar123]

The answer to your question is that this simple people tend to be impatient, and thus lose their money at the beginning of their careers in the forex and then they tend to leave it. The best way in my opinion is this that a person must always be exercised in a demo account first before you start trading in a real account.

[letmegoo]

The main reason that the expert trader in the market only 5% and 95% trader are low knowledge about forex and they start trading without analysis and they take big risk as a result a little movement can destroy his account. Expert trader never frustrated and they stay in long term for a single trade.

i agree with you the reasons that make a traders persist in this market is to be optimistic, always willing to learn from your mistakes, besides following rules with discipline and flexible. and we see some new traders trade with the aim of getting lucky to make money, so they fail at the end.

[advance]

it is the real fact about the forex trading. here is very less trader who is making money and the rate of loser trader is more.
mostly new trader blow the account because they dont have the knowledge. they dont select the right time frame for trading and right method.

[rjnasirryk]

मुख्य कारण यह है कि बाजार में केवल 5% और 95% व्यापारी में विशेषज्ञ व्यापारी विदेशी मुद्रा के बारे में कम ज्ञान है और वे विश्लेषण के बिना व्यापार शुरू करते हैं और वे एक परिणाम के रूप में बड़ा जोखिम लेने के एक छोटे आंदोलन अपने खाते को नष्ट कर सकते हैं. विशेषज्ञ व्यापारी निराश वे एक ही व्यापार के लिए लंबे समय में रहते हैं और कभी नहीं.

[anesta]

the traders who many blown their account is scalper. the swing trader rare to blown their account, because they trade using longterm trading, but the scalper, they trade using short term trading and use big lot

[karenakapooor]

yes guys.. are you think forex is easy and they start trading without analysis and they take big risk. This business is full of tension and risk. There are so many reason to lose the trade in this business. the main reason that the expert trader in the market only very small number trader are low knowledge about Forex

[rk225325]

i think the main reason of blowing of account is lack of proper control over emotions.. Yes its from my personal experience i'm telling because i've blowed up my two accounts till date and i think its because of the loss we have and we 'll try to take revenge to market . . Also some people become impatient and trade at wrong time.. So i think these could be the reasons.

yes, most of the reason that make them fail is also can not control their emotion well, i think they need to make the good control of their emotion, because do not controlling our emotion will just make us got fail from make the trading to the Forex.

[rasalm]

Many adults come most of the membership relating to the foreign exchange trading when they experience damaged or lost all of their finances at the same time having most of the operate for the currency market. This type of person normally all the learners so, who only just link up with all the forex. They also have no these sort of sufficiently skills and additionally feel to earn wonderful operate for the currency market. They also have no information about the currency market clues. Accordingly, individuals earn most of the operate relating to risky to generate great profit margins still the fact is, individuals are up against great impairment for that reason damaged or lost all of their finances at the same time currency trading for foreign exchange trading.