Why do so many people blow their accounts on forex?

[ips]

The layman is drawn to the markets like a moth to a light bulb and, under the misconception that trading is somehow ‘easy money’, they are almost immediately doomed to failure. They do not have a plan, so, by the same token, they plan to fail. They do not know the basic rules in order to trade well.

[jakat02]

welcome to forex. 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.like job.............................

[cow0]

Forex is a good job.main app ko sab se barri main reson batata houn jo app ko forex trading main account blow honey ka sab se barra reson ha woh ha emotions or greed han gi ye app ka sab se barri resons hane app en ko control karo or apne account ko safe kar lo Be careful...

---------- Post added at 09:05 AM ---------- Previous post was at 09:04 AM ----------

Forex is a good job.main app ko sab se barri main reson batata houn jo app ko forex trading main account blow honey ka sab se barra reson ha woh ha emotions or greed han gi ye app ka sab se barri resons hane app en ko control karo or apne account ko safe kar lo Be careful..........

[subrahmanyam]

many of the traders trading like a game but we dont look like this Forex trading dealing with money we know all about the money now a days how important it is so dont play games in it it will punish you

[vera1]

Forex is a good currency business.Easy when we dont follow our own rules, when we sit idle looking at growing losses and dont let stop loss trigger and close our trades it will lead to bad consequences like blowing our account. Best of luck.............

[vancy4]

Hi !! Easy when we dont follow our own rules, when we sit idle looking at growing losses and dont let stop loss trigger and close our trades it will lead to bad consequences like blowing our account. ..................................................................................

[kushtiafx00]

forex is a good job. 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.thanks.....................

[10kobo]

In my experience as a trader and when I was a young trader, I discovered that i use a lot size that is not helpful to my account in trading so whenever I enter a loss my account wipes out

[dartofx]

I THINK, they do not have good money management plan and this is one reason they buy or sell more than that they are able to so this is a big risk that one of them several times to see forex increasingly beyond their control so this is one of the basic great people make mistakes.

[monday00]

i think forex is a good job. Easy when we dont follow our own rules, when we sit idle looking at growing losses and dont let stop loss trigger and close our trades it will lead to bad consequences like blowing our account.good luck...................................