Why do so many people blow their accounts on forex?

[MERDEKA]

The reason why traders don't have good knowledge and experience is because their account explodes every day. If they have knowledge and use good news and inductors in their trade they can benefit from Forex trading. If not, they will suffer losses from this business. and most traders don't have the knowledge to get started. They view Forex as easy money and plunge without bothering to learn the basics or at least all the ways the Forex market works. Impulsivity can also be blamed for lack of knowledge.

[ntn]

Log as lyee as mien account wash karwa lety hien k as ko waja yeh hai k as mien wo Forex mien lalach kerna aik bhoot hi buri baat h as lyee ham ko as mien her bar kaam kerna hota h aur ham ko as mien khud k lyee acha ban ker as mien kaam kerna hota agar ham as mien lalach kerte hien tu ham as mien kamaee ker sakte hien as lyee hamain as mien lalach nahi kerna hota h aur ham ko as mien khud k lyee kaam kerna hota h as lyee as mein hamain sirf sada trade kerna hota h aur ham ko as mien kamaee kerna hota h jab ham as mien kaam kerte hien tu ham as mien kamaee ker sakte hien as lyee as mien lalach sy pak trade kerna hi behter hota h.

[konspirasi]

Many people blow up their accounts on Forex because they enter direct trading even though they are not ready and have mastered their strategy. They are eager to get big money quickly on Forex, but instead they lose their account. So it's better to practice in a demo for a long time, and trade directly until you're ready and consistently make a profit. and there are many traders who suffer losses and their accounts are destroyed because they have no knowledge of the forex market, they are too greedy, they think that they can make profits in the forex market easily, but it is very difficult to make a profit in this market.

[freedombret]

Almost all new traders will definitely fail and the MC is sure. Based on experience, traders initially failed because they were too sure they could get money quickly. Even though you don't like it, you will run out of money quickly in forex trading if the way is wrong. It's just that a small number can survive in forex. and maybe they feel forex is very easy and maybe they are too confident and therefore they take risks and some of these ways are better for them not to take risks too much and if they trade forex with discipline then that won't be a problem for them.

[mohsin555]

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.

[nitin2]

in trade some people suffer a lot of losses and losses must be outside their minds. For that reason they lost the heart of the trade and also they thought that they could not get income from this business. so they destroy their account ... and there are many reasons for that but the main reason is when people join the forex business, they can't learn about the forex business and they don't seek knowledge with the lack of knowledge they lose and they are under their account

hanji forex ke business me trades open aur close karna hota hai aur esme trader ko loss bhi hota he hai,esme trader kahin baar apne account me capital se jada risk le leta hai aur ussi wajah se uska account esme blow hojaata hai esme trader ko hamesha market me knlwedge aur experience banakr he kaam karna chahiye uske baad he wo esme ache se market me kaam kar sakenga.

[molu]

As far as my expertise goes, I'm sure there are many traders who don't have competent skills related to trade. They cannot have access to businesses that are adequately studied. And many of them might be able to make money with businesses that usually disappear with business together by pressing their special accounts with Forex trading. Some ways they empty their special accounts with Currency trading.

[baceo]

in trade some people suffer a lot of losses and losses must be outside their minds. For that reason they lost the heart of the trade and also they thought that they could not get income from this business. so they destroy their account ... and there are many reasons for that but the main reason is when people join the forex business, they can't learn about the forex business and they don't seek knowledge with the lack of knowledge they lose and they are under their account

[khelex]

Most traders fail to destroy their accounts by making a few basic mistakes such as those done before, overconfidence, good luck, greed, revenge, fear of loss, etc. In fact, all beginner traders must fail so traders begin to learn how to become better prefessional traders later. We have a hierarchical step here at forex. But, sad to say, many traders stopped at their first step. and because people are impatient, and because they have a tendency to lose their money early in their careers in foreign currencies, they will tend to leave this question about you. In my opinion the best way is, people before you start trading on a normal, regular account, this is what you practice on a demo account first.

[comoztise]

they will not have a smart cash management plan and that really is one reason they will buy or sell a little more than they can so this is often a big risk of the fact that they see forex several times farther away from their management so this often times is a fundamental mistake made by individuals. I already have a smart cash management plan so I can't succeed in getting too many margin calls and many forex traders blow up their accounts in this business because of the fact that they are greedy and they have no knowledge. Greedy forex traders actually want more money and take more risks in it!