Why do so many people blow their accounts on forex?

[imrulhira]

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.

You, as a forex trader can choose a currency pair that you expect to change in value and place a trader order through your forex broker. Online forex brokers will pass your order to the interbank market to block your position.

[malic]

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.

yes bhi ap ny theak he kaha hy mjy b is abry main ye lagta hy k forex man bohat sy log han jo kam kar rahy han lakin ye log is waja sy han k forex main bohat achi income ban jate hy is leya forex main kafi accounts bany han

[ronyrhm]

Alarmingly enough, the real figure is actually 92%. Why? The answers are simple as well as the solutions. And this is something we would like to share with you...
What the 92% do:
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.
After an initial 'flash in the pan' success, on a 'punt', they will soon lose any gains and a feeling of greed and invincibility will prevail and a tendency to over trade will take over. After having more losses than wins, anger and revenge trades will soon follow and, with an insatiable desire to recoup their inevitable string of losses, they will risk larger amounts.

[annura]

many newbies come back to the current business and that they solely bring their dream, not smart data and here is that the basic of mistake
but when many times so they got the matter , they're going to learn to grasp the methods and take a look at to form higher in their commerce, and it continuously happen time by time to newbies..

[naziakhan]

There are a lot of cause for many people blow their account.for some big mistake people blow their accounts.People lost all of their money.They lost everything.If they do a mistake on their working then they will get loss.depending on that there are many things which are needed to kept and that is to keep good understanding.

yes you are right mostly people lose money due to mistakes and i think if they want win in forex market then they should try to eliminate mistakes from their trading and it is best way to earn money.

[reazforex]

Sometimes we blow down our account because of some reasons like : we do not know what to do at the time of losses, doing improper money and risk management in the trades, not doing good analysis for the trading and many reasons. I have taken it as a normal way because loss can teach us many things.

[be3l]

I think that many newbies come to this business and they only bring their dream, not good knowledge and here is the basic of mistake but after several times and then they got the problem , they will learn to know the strategies and try to make better in their trading, and it always happen time by time to newbies.!

[matin6767]

An uncomplicated respond to your own personal topic is without question these that this residents are impatient and even for that reason drop most of the bucks starting out having to do with his or her business beneath Foreign afterwards which they are apt to abandon that. The way in person is normally now this which experts claim an driver has to apply on one trial thought first basic long before getting started on selling accurate membership.

[shakil7142]

So many people their account blow in forex is their very shortly.Because,they want so many money is very short time in their career.

[Java]

because they think if they plunge into the world of forex, they will get a lot in a short time and quickly,
oeh because they would risk their capital to be able to get results quickly without taking the risk first,