Why do so many people blow their accounts on forex?

[khaladaktr]

Because there are so many fundamentals truly integrated in each currency traded, not really 50/50 . So many external forces directly influence the market so there randomation true in that market. MedlinePlus MedlinePlus For example , if I flip heads a day to buy the currency and the government decides to print more money , the value drops and you lose . Ok , now that

[Mustarinho]

well as for me i think the mean reason why many trader blows there account is because of greed and not enough capital and also many traders trade with emotions and fear and the more you have all this attribute you can not really make profit from the account you will end up blowing your account

[milat fx]

When I ordinal started eld side, i did not copulate this fact and i remunerative for it. Perception posterior now on those days, i reach that galore might plant be in that plight section caused by ignorance.

[tarin1]

I think forex is a good job.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.Be careful...................................

[عبير]

Ignorance and greed, greed and lack of adequate knowledge in Forex makes a loss much greater opportunity of opportunity profit Fi work in the beginning adoption depends entirely on the study of adequate and complete information on this trade science and knowledge are the basis of the success of any trade

[oreoluwa]

i think the main reason why most forex traders lose there account is when they fail to practice very hard in the demo account but always rush into the market just to make profit so they all end up losing there account thats what i really think

[rajakhulna27]

I just start playing with the currency ... I do not understand how people can lose your entire account as fast .. Are not the odds of winning or losing a trade closer to 50/50 if you set your stops far enough? say I have a $ 10,000 account and trade in 10,000 units of EUR / USD each trade so that's $ 1 per pip and set my stops and all commercial 50pips that do the same . Then flip a coin and say that I buy heads and tails I sell and do this again and again .. should still be near the 50/50 ? Now what if instead of a coin that increase obstacles for 100 points and just follow the trend using simple basic techniques ? This should be a good way to win right? What do you think ?

[rahman.50]

I think 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.Be careful.............................

[Taram786]

In Forex market 80% people fail and only 10% people pass this wonderful business . There are many main reasons for losing the Capital in Forex market . These reasons are as follow .
1:Greedy n Fear
2:Low investment
3:Less experience
4:Not having a proper plan
5:lake of money management plan .

[bestlooser]

most of people know about forex and I guess advertisement of forex is not much but still because of such forums like mt5 every one is having some basic knowledge of forex but problem is again most of people just not following and this is the reason they blow accounts and some people even do not take trading seriously...