View Full Version : Why do so many people blow their accounts on forex?
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deep thought
2012-02-19, 03:35 AM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
tajdarbet
2012-04-17, 10:25 AM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
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
bjbh427
2012-04-17, 11:10 AM
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.
Nabi Ahmed Gill
2012-04-17, 11:38 AM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
Forex trading main apna emotion ko jatina ho saka control karana is sa p ko loss both kam ho ga or agr loss ho be ga to ap ko thora both loss ho ga or pa us loss recover kar layana ga is laya agr ap na trading karani ha to sub sa phala apna emotion ko control karo is k bad achi achi trading karo or zadia sa zadia profit gain kara or apna account ko safe karo.
yogesh
2012-04-17, 12:54 PM
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.
ashwini
2012-04-21, 05:45 PM
so many traders are blow their account .. including me.
myself .. many time i blown my account. but its not means that i am a bad trader. its our fault .. and after blow the account we know the reason why we blown. so in next time . we take care of that so may be we are not blown our account that type again. ;but here every hour market is change its way .. u cant imagine or analysis everytime perfectly. so when ever we wrong we face the loss. but if we use the stop loss with money management and risk management then its low possible to blow our account.
wavestraders
2012-04-21, 05:49 PM
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.
we can set some many rules for trading but we always do against it everytime we enter the market because we dont have a patience , so many ppl thought they can easily win in this market but the truth it not that easy
Maham Gill
2012-04-21, 06:08 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
mujha es bat ke abi tak samaja nahi ati ka yar hamara balance khatam q ho jata ha ya to hum log emotion main a jata han or order zadia laga data han or market up down hoti ha or hama loss be hota ha chalo loss to hoa hamara balance be khatam ho jata ha mara khal main yahi reason ho ge.
newentry
2012-04-23, 08:30 AM
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..
taufiqbd
2012-04-23, 12:11 PM
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.
lights
2012-05-09, 08:57 PM
why our account blow up? because our margin is used up :D
therefore, we should pay attention to our money management, dont use many lot when our capital is less. be wise in use your margin
got2luvyou25
2012-05-09, 10:01 PM
dear there are many reasons that makespeople to blown up their account.Most important things are they donot have good trading and money management plan to trade the forex market and second is they become greedy and emotional in tradings
ye to 110% sehe baat ha k trader money management use nahi kertey jis ki waja se unko losses ka smana kerna perta ha lekan ain ye b kehta hun hata k ap k pas money management system b hu lekan jeb tek ap is kam k able nahi ho jate k market right time per entry leen ap market ko nahi jeet sekte chahaye MM ho ya na ho
AffiliateTurbo
2012-05-09, 10:06 PM
i think its because of bad money and risk managements!! iu trade with small leverages, so can i trade my trades long distance to go!!! i place very small positions!!! so i trade with the small rist!!! i do not have medium and high risk trades in my range of trades!"!!
ishvara
2012-05-09, 10:41 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
Lack of knowledge in forex currency trading business is the main reason why forex traders get a margin call in their trades. We should prevent this by actually getting more knowledge about forex trading.
riddick09
2012-05-16, 01:24 PM
there are some traders who don't have the ability of skillful trading.they may not have learnt trade very well.And some of them may be greedy in trade and so they lose in trade and blow their accounts in forex.
Yes, sometimes it is because they have bigger targets and will really not enough or can't handle for the trading capital we have currently. Although, it also means of risking it all in order to earn big so it will be just two events if they will have that either to win with reasonable profit or will blown their account.
waleedkhan
2012-05-16, 08:37 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
mara hisab sa agar app demo version use kar ta hain aur app ko acha tara sa forex trading ki information ho ja ti hai tu app apna emotions ko control main rak ka bohat sa profit gan ka dakta hain
jmsblack18
2012-05-16, 08:44 PM
The forex is all about the management of risk. The one which can't manage the risk well will blow their account. That is the nature law in forex. Even you say the chance is 50/50 but if someone cannot manage the risk and hold the wrong position , even they come out with big account they gonna loss for sure.
mojacko
2012-05-16, 08:48 PM
because many people are not disciplined and has bad money management. it is advisable to risk only 2% per trade and don't overtrade. in that way you have to lose 50 consecutive before you blow your account which is almost impossible.
tashnotashi
2012-05-16, 10:08 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
app ki baat sahi ha kioun k main bhi ye feel kiya ha wese jahan tak mere apne mushaidat ka sawal ha na to mugh ko sahi baat ha k es main koi bhi or reason nazar nahi ai siwaye greed k greed he sab se barri waja ha hamrey accoun k blow up honey ki
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..
sabutkelaparasaduren
2012-05-27, 05:57 PM
several reasons why people end up losing all their money: they rush into the market, but the condition does not correspond to their trading rules. they are too slow to enter the market because they fear the loss.
purohit
2012-05-30, 01:08 PM
mara hisab sa agar app demo version use kar ta hain aur app ko acha tara sa forex trading ki information ho ja ti hai tu app apna emotions ko control main rak ka bohat sa profit gan ka dakta hain
saviour196
2012-05-31, 10:43 PM
actually there are many new entries who dont know much about the market and they are working on live accounts and some times by chance they earn some thing but mostly they lose and the other factors are lack of knowledge.
alvabra2010
2012-05-31, 11:30 PM
Generally, 80% of the traders blow up their account because of greed. The rest 20 % blow it up because of wrong trade strategies, forgetting to set S/L etc. In the forex market nearly 75% of the traders blow up their account everyday and 40% completely leave forex after that and the rest come back to try their luck once again.
got2luvyou25
2012-06-05, 11:43 AM
Generally, 80% of the traders blow up their account because of greed. The rest 20 % blow it up because of wrong trade strategies, forgetting to set S/L etc. In the forex market nearly 75% of the traders blow up their account everyday and 40% completely leave forex after that and the rest come back to try their luck once again.
ap ne bilkul sehe kaha bahi k most ziada ter trade ko haut ziada losses ho jatey hain or yehe waja ha k greediness ko apney lete hain or sehe terhan trade nahi kerte . lekan aik main cheeze jo k hum ko dkehni ha wo ye ha k hum ko trading plan abanna hoga us ko follow kerna hoga after that itna masla nahi hoga
jahangir2812
2012-06-05, 11:59 AM
In attendance are several motivation thanks to which individuals experience losses in forex and that they is lack of staying power and regulation lack of gainful trading strategy or not enthusiastic in demo account. Incapability to manage their emotions and plenty of alternative motivation will result in losses for them.
waqtitrader
2012-06-05, 12:25 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
app ki batain bhi sahi hane or jahan tak mere experince ka sawal ha na to mainn ye sochta houn ok es main greed or emotions ki waja se he log apne account ko blow up karwa bethtey haen kioun k un k account main itna capital nahi hota ha jitna woh es main big lot se open kar letey hane new trade
sohel333
2012-06-05, 12:29 PM
because they want test thire luck...
wahabplus
2012-06-05, 07:53 PM
Actually most of the traders join forex just because of attraction and fascination of the characteristics of forex trading business and they are not fully aware of the facts of forex trading business. Most of the trader are actually not trading and they are just gambling in forex without any prior learning and practice. Even they don't have sufficient information to understand the market and they use to follow trades of other traders or forex signals blindly without any analysis.
These are the reasons for why so many traders blow their accounts. If you learn it first then practice and then enter real trading i assure you that will be successful trader very soon.
raka999
2012-06-05, 08:37 PM
Most of trader blow their account because they do not have proper knowledge about this market and they want to make money first but they do not want to learn, most of the newbie trader fall in this problem but i think if trader learn first about this market then this problem will solve.
yes, most new traders will be hypnotized by the opportunities of forex trading is great and easy. only the open position, then wait for the price in accordance with our direction. but, it's not that easy. most, always wrong position. for it, you should be able to analyze properly.
you will discover a lot of reasons that makes people to blown up their account.Most essential things are all they never have superior trading and money management intend to trade the forex market and 2nd is they turn out to be greedy and emotional in trading
mehedi islam
2012-06-05, 08:52 PM
Why do so many people blow their accounts on forex?
they blew their account due to lack of fundamental knowledge about forex. to be successful in forex ther is no alternative of learning more and more. you must have basic idea on it's fundamentals( TA,FA,MM) to be successful. only 25-30% people have the basic idea on this fundamental among those who are trading.
samcena33
2012-06-05, 09:08 PM
we can set some many rules for trading but we always do against it everytime we enter the market because we dont have a patience and requirement of training is also essential to be a good trader as well
sohelforex
2012-06-05, 09:33 PM
There are a lot of reasons for blowing traders account. Impatience and greed is the main reason among them. Though investment sometimes plays a great role in making profit but controlling emotion is considered the the key to success in forex. Another reason for failure is that, some traders take risk without knowing their money management and strategy. A trader has to have his own method for trading and he also has to know what type of market is convenient for his strategy.
aarti
2012-06-10, 04:33 PM
mara hisab sa agar app demo version use kar ta hain aur app ko acha tara sa forex trading ki information ho ja ti hai tu app apna emotions ko control main rak ka bohat sa profit gan ka dakta hain
oscar
2012-06-10, 04:39 PM
I think ..
some traders like to get instant results and they do gambling in the forex business ..
many traders have any thoughts about forex and the business consider this is an instant way to make money
sufanw1
2012-06-10, 04:53 PM
Because it is obtained in the forex risks are huge. If not then you lose a big profit. But it's all going to happen when we invest capital is also great. To make large capital then we should open a new account welcome bonus plus 30% of instaforex.
kheya
2012-06-10, 06:23 PM
Every people want a easy way to income , because they are all want happy and easy life , they are all want to be with their family . one Question , supposes you have no money problem so are you except any hard work . You can earn more money to be with your family by Forex . so many people blow their account on Forex .
awaccoo
2012-06-11, 12:55 AM
Every people want a easy way to income , because they are all want happy and easy life , they are all want to be with their family . one Question , supposes you have no money problem so are you except any hard work . You can earn more money to be with your family by Forex . so many people blow their account on Forex .
Their many people blow account on Forex, my clay is related flexibilities of forex to give us extra income with a unique way, forex could be open to anyone and can be learned at any time and anywhere, and the potential profits in forex is that largest number and fastest can get it in the appeal of other types of businesses, although the risk of loss is also the largest and most rapidly if it fails
Forex trading is the place where the risk of the losses is equal to the chance of the profits. It is not a lottery system or gambling but the main fight is to reduce the losses and increase the profits as a result of it.
antosco
2012-06-12, 05:57 PM
The reasons why most of us will blow up our account in forex is probably because we are not disciplined and we don't follow the money management rule which is very important in other for us to succeed.
ernestina
2012-06-12, 07:23 PM
The major reason that many traders blow their account is due to greed and bad analysis. Well greed is major because even with the right analysis when trader uses a big lot size he may blow his account and the market still moves in his direction, so greed is major.
probably because many people are tempted by the profit we can get it if we run this business. they also feel with large capital, can get great results too. that were the case, but we also need to understand in advance all matters related to this business that we do not get stuck on bad trade are at risk of huge losses.
grabbani
2012-06-12, 07:32 PM
As far as my knowledge goes I think there are some traders who do not have the ability of skillful trading. They may not have learnt trade very well. And some of them may be greedy in trade and so they lose in trade and blow their accounts in Forex. This is how they blow their account in Forex trading.
jab we met
2012-06-13, 12:40 PM
most of the trader do not follow the market trend and without know about the market then open deal and suffer loss and then they become emotional and open again trade and at this time again they loss because they do not follow the market
njoroge5
2012-06-13, 12:46 PM
because they don't take time to understand the whole issue about trading, they just jump in to the market and to money making just to be rich as fast as possible,but forex trading is not like that, you need a lot of time to make money and to trade like a pro, you need a lot of practice and time here jumps in. avoid the rush. some people are very hard and difficult to understand, they always trade with fear and greed. thats another thing that should be avoided, fear and greed.
njoroge5
2012-06-13, 12:48 PM
most of the trader do not follow the market trend and without know about the market then open deal and suffer loss and then they become emotional and open again trade and at this time again they loss because they do not follow the market
they are aways trading with fear and a lot of greed, I mean they just want to make money rather than just wait until the right time comes to trade and make money.
njoroge5
2012-06-13, 12:56 PM
i also many times blown my account just due to the use of high lot size....because beginners try to earn some quick money in less amount of time and due to that they use high lot size and then suffer loss
most would use a very high demo account or rather I mean they use a very high leverage that usually kills their trades even with the slightest movements, leverages help to matain or act as an account manager.
njoroge5
2012-06-13, 01:03 PM
i also many times blown my account just due to the use of high lot size....because beginners try to earn some quick money in less amount of time and due to that they use high lot size and then suffer loss
lot sizes mean you just have to have some more money but you can st your accoutn to some extent and keep it safe for what you have been doing, just use a leverage to make sure that you keep your account intact. trade using a lot of money in your account ,you are just saying bye to your money.
ishvara
2012-06-13, 01:45 PM
Lack of knowledge, carelessness and greed/high lot size use is the main thing that makes a forex currency exchange trader to blow their forex accounts and have a margin call in their trading.
shamakhan86
2012-06-13, 03:37 PM
There could be reasons behind this matter. But in my knowledge & experience most of the forex traders are just gambling and they believe in luck rather then practice. It is also fact that 80-90% forex trader loss their money in forex trading but still they again deposit and try again because they understand that the business is profitable and they loose due to their inappropriate knowledge and insufficient experience.
yogesh
2012-06-13, 03:54 PM
Jumping in trading without proper plan and trying to overtrade the market to make lot of money and not being prepared for losses, ignoring the importance of stop loss will lead to blowing a/c faster.
mayengbam
2012-06-13, 04:03 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
Obviously, a trader wont face margin call if he has $100000 in his account and trading 1 contract or 1 standard lot only. And he can gambl;e without any knowledge of the market just by flipping the coin and entering the trade as you mentioned. but its not the case with every one, most of the beginner in forex cant afford such a big capital. Most of traders start with a few hundred of thousand only. And they have chaces of margin call if the targets are not fixed and the basics of trading are not implemented
ashwini
2012-06-13, 05:05 PM
main to nahi bata sakta ki dusre kiun blow karte hain..
main kiunnn apna account pura loss kia tha woh main batata hun..
first... patience .. main ne apna patience loss kia tha..
jab ki .. 2nd main .. mujhe trend ki ride karni chahiye ..maine apni emotion ki ride ki..
3rd. main.. maine stoploss use nahi kia than
also use the higher leverage..
yehi karan hain.. jiske karan maine .. apna account pura khatam kar dia tha.
sazzad
2012-06-13, 05:10 PM
You are right most of the trader bout 90% trader blow their account in the forex market because they do not learn about this market which is very necessary before trading in the real account, if any trader learn about this market before trading in real account he/she must will get profit.
rakeshnikam
2012-06-13, 05:15 PM
well chasing money will definitely blow ua stratergies if u have any...trusting instincts is one part and trustin knowledge is other....well patience pays...study da market analytically and graphically den only plan ur trades and moves...try n summon knowledge to da core...frustation is another reason for losses....dont get underestimated by losses
stayfilitim
2012-06-13, 05:16 PM
i think the trades lose money in forex because they are so greedy and they have not good management or they know the risk and take it hoping they may get a good capital but in the end most of us who use the risk get lose and the good management is the key for success.
azhar5
2012-06-13, 05:45 PM
no body blow their account willingly but it happening for lack of knowledge in trading.every one in forex try to make money and so they make trade and if that is wrong time then he may fall in loss and account may be blown down.
wahidaaa
2012-06-13, 06:35 PM
There are certain reasons in my view and the first and the most important one is that we do not enter in the market with adequate capital and even if we have a good trading model we can very easily get the margin call by even a very small negative swing.The second reason is of course non-adherence to the money management principles and trying to trade bigger lots.The third one is the greedy and the revengeful approach in trading.
i think many people blow their account is because they have wrong mindset,they think can get rich in forex in short periode time then they use big lots and do not use stop loss that make their account blow
terajana
2012-06-13, 08:50 PM
mistakes made in the trading could be the cause we have a margin call, and the it should be avoided in order to get the best results in the trading .. of course there will be difficult to make trades without error, and the we can make it as a lesson ..
brutu
2012-06-14, 04:09 PM
because people are impatient, and because it has a tendency to lose their money at the beginning of his career in foreign currency, they will tend to leave this question of you. In my opinion the best way, the person before you start trading in actual accounts usual, this is what you practice in demo account first.
truegoa
2012-06-14, 05:13 PM
Most of fail traders blown their account by did some basic mistakes like undergeared, too confident, high luck trading based, greed, revenge thing, fear to loss, etc. Actually, all newbie traders need to be fail traders to start learn how to be better even prefessional trader later. We have hirarchy steps here in forex. But, sad to be said, many traders quit at their firstly steps.
yogesh
2012-06-16, 07:56 PM
If we are following capital management by investing reasonable on each trade and keeping enough balance to bear risk also using stops on our trades we shall not get into a situation where we blow our account.
gulab
2012-06-16, 11:49 PM
you have no such data which show us that majority of the trader have lost their account in Forex, and ther for these are just self created stroies and dont have any such kind of truth in those stories.
espin
2012-06-17, 12:18 AM
i think there is lots of reason that so many people blow their account on forex , like some people make trade without analyzing market and when they face loss they become frustrated and like to blow their account from foex.
ishvara
2012-06-17, 05:04 AM
A lack of knowledge and a lack of trading experiences is what i see as the main reasons why forex currency traders blow their accounts, If we can make more knowledge about forex, it is guaranteed that we traders can make more profits as well in our trades.
truegoa
2012-06-17, 05:53 AM
A lack of knowledge and a lack of trading experiences is what i see as the main reasons why forex currency traders blow their accounts, If we can make more knowledge about forex, it is guaranteed that we traders can make more profits as well in our trades.
Sadly to be said, actually in my own experiences, more knowledge about forex cant guaratee us from succesfully trading career. We need more that that. We need experienced mental and mind to manage our account beside just knowledge. We need learn from each experiences and will to do some refflection and correction, not just knowledge. CMIIW.
shakilfx0
2012-06-17, 06:04 AM
Yes,some people blow their account in Forex market.When he rises greedy,he give big lot or when need money he go same activities.
nabila
2012-06-17, 09:02 AM
The simplistic work to your questioning is this that the grouping run to be restive and hence friable their money at the act of their career in Forex and then they run to depart it. The optimum way in my ruling is this that a organism moldiness e'er pattern in a demo invoice freshman before starting trading in historical reason.
zizhost
2012-06-17, 09:18 AM
When we are subsequent capital operations simply by trading sensible upon every single deal along with keeping adequate sense of balance to have possibility additionally making use of stops upon the investments most of us should certainly not necessarily get into an issue wherever most of us whack the accounts.
safe01
2012-06-17, 11:20 AM
for lack of knowledge i think many people blow their account on forex trade.without knowing every thing they want to make money through forex which is not possible
purohit
2012-06-17, 03:20 PM
The reason is in the ambition to earn all that float in the market the left learnign inbetween and move forward for the live trading where they fail due to lack of knowledge and some also fail because they learn all and did not practice on the demo. Learning and practicing is very important if a trader want to get something into his pockets.
mehedi islam
2012-06-17, 06:00 PM
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
agreeing with some of your points. actually lack of knowledge is the main reason of loss blowing one's account. most of newbies entering into the forex market are not willing to learn rather they want only profit. they don't understand that they need to spend more time for learning than earning.
kiran
2012-06-17, 06:11 PM
yaha toh bohot se log ate hay trader hone ke liye.Par woh patience nehi rakhte hay kyo ki unmein bohot greed hota hay.Aur is ke wajay woh margin call hote hay aur aapne account ko blow karke chale jate hay.
mostly it happens because it wants a lot of profit in the shortest possible time. last transaction in a way full of lots and if there was a direct loss.
ahmedi
2012-06-19, 05:07 AM
agreeing with some of your points. actually lack of knowledge is the main reason of loss blowing one's account. most of newbies entering into the forex market are not willing to learn rather they want only profit. they don't understand that they need to spend more time for learning than earning.
In order to get the circulation of a successful must have to have discipline enough in order to get profits from the forex, but I think the trader win-profit is not always the trader tastier made a lot of points, it is possible that this trader depends on the number of points a small, but with discipline and commitment can achieve profit down
ayusri
2012-06-19, 05:19 AM
The easy response to your concern is this that the people are generally eager and hence reduce their money at the start of their profession in Currency dealing and then they usually keep it. The best way in my view is this that a person must always exercise in a trial consideration first before beginning dealing in actual consideration.
of course most of our habits as well put me too far stoplos in trading to trading capital can be wiped out because it was too far if sl sl can only thirty-three points only then will abnyak funds that can be saved as trade last night was appropriate for the analysis of the open position when fortunately i open again in the opposite position to keep prices down and even a loss because it opens up far too much and then put stoplos komitman and we should really start to make a right at the stop los kisran thirty-point numbers are only packing a lot of thirty-five point just to be free of capital out of trouble because of excessive stoplos is still there stoplos what about those who do not make stoplos sngat would be dangerous after all we have to make much of this is why we los trader always because the first lot of open positions and completely lacking in attention to the stop los to be insolvent trading.
The important sanity that the good trader in the market exclusive 5% and 95% trader are low noesis virtually forex and they signaling trading without analysis and they exact big risk as a result a slight move can overcome his account. Proficient trader never frustrated and they rescript in want period for a bingle trade.
nterziev
2012-06-19, 03:07 PM
Many of the people who create account in forex companie,thing that they will start earning big money from the same day.The leave,because they don't have patience they want to earn the money fast,but where they'll get $1000-$2000 in the same day when they start?!?I think about 80% of the newbies who start trading don't have good knowledge about this type of bussines.Only 20% have good knowledge,good training and can become good traders.
saharia
2012-06-19, 04:32 PM
The simplified fulfill to your contemplate is this that the group run to be eager and hence liberal their money at the line of their advance in Forex and then they tend to forbear it. The person way in my thought is this that a person must e'er recitation in a demo informing eldest before starting trading in sincere informing.
coiruahmad
2012-06-19, 08:36 PM
Almost all new traders will surely fail and MC's for sure.Based on experience as well, traders initially failed because too sure they can get money quickly.Though not like it, will quickly run out of money in forex trading if the wrong road.Only a small part that can survive in the forex.
bestlooser
2012-06-19, 09:10 PM
maybe they feel forex is so easy and maybe they are overconfident and because of that they are taking risk and some how this is better for them not too take risk and if they do forex trading with discipline then it shoudl not be a problem for them.
irome
2012-06-19, 09:48 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
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 alwahappen time by time to newbies.. the best we can
nurhidayah
2012-06-19, 09:55 PM
lack of money management is the main reason for lot of traders that they blow their account and also they dont use the tools like stop loss and the take profit in their trading
in terms of risk management and financial management depends on the trader's own understanding of each process is performing trading to be more directed to the several steps that can be accepted by reasonable and tailored to any market condition that is a trend at the time
ahsankhan
2012-06-19, 10:03 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
may tu sirf yahi bolon ga kay main app ko sab se main reason bata hun woh yah hai kay app apna emotion aur greed ko kaabon karain taka app ko forex may zayda loss na ho.
abokhaledelmasry
2012-06-19, 10:11 PM
There are already many people to liquidation fast despite the fact that the amount in their account in a large and I think that the reason for this is not good for learning technical analysis and fundamental analysis, greed, fear, and the biggest reason is the lack of good management of capital
sun2468kumar
2012-06-19, 10:13 PM
Yes, many people blow their account without enough experience first trading on a demo account. The first most and important point which is the cause for blowing out complete account is the money management which should be treated as the highest priority.
asik.psy
2012-06-19, 10:45 PM
we need to expert man for forex business .some people have experienced this even multiple times.Others have no experience it yet the can not get success and will never experience the trading blow up.
First of all we need to define what is a blown trading Account. Obviously if you lose 100% of the money in your trading account, then you have blown it.
tariktanjaoui
2012-06-19, 11:08 PM
in my personal opinion i think this people blow their accounts on forex because they don't have enought knowledge and experience in the forex market or this people are impatient or they think the forex is a machine to make lot of money.
ForexMarket
2012-06-24, 06:22 AM
There are a lot of traders get loss and their account was blow because they don't have knowledge about forex market, they are too greedy, they think that they can make profit in the forex market easy, but it is very difficult to make profit in this market.
Many people blow their accounts in Forex because they enter live trading even if they are not ready and have mastered they strategy. They get excited of earning big money fast in Forex, but instead they lose their account. So it is better to practice in demo for a long time, and trade live until you are ready and consistently earning profit.
cuongmom
2012-06-24, 08:12 AM
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.
I agreed with you, there are a lot of people who blow their account in fire, because they don't know how to trade forex.Forex is a big fiancial market,where we must keep our capital avoiding the risks,if we can not manage our money, and trade with a huge leverage, you will be easy to blow your account. Trade demo first, then trade real.
torun kumer
2012-06-24, 08:20 AM
that is a simple answer for this question , the Forex trading com. is not risky .so , so many people blow their account on Forex com.
bestlooser
2012-06-24, 09:47 AM
they do not have good money management plan and this is one reason they buy or sell more than that they can afford so this is one big risk that they some times see forex is getting out of their control so this is one big basic mistake people make. I have good money management plan mostly so I do not get too many margin calls.
people are not patient about there success in forex ,they want to get it early but in some cases it take time to make profit we need experience and to be professional about this business by this way we can stay with this business.
ckkommoju
2012-06-24, 10:47 AM
Forex trading is not a gambling. But it is a systematic way of business. You should be well versed of economic conditions of the country of the concerned currency. My sincere advice is to practice with demo account and then micro account and finally standard account. It is better to be calm than losing in a vague trading.
terajana
2012-06-24, 10:52 AM
that is a simple answer for this question , the Forex trading com. is not risky .so , so many people blow their account on Forex com.
forex trading is a business that has a high risk, and traders are doing a small mistake might be made that they can blow away the money they have in a short time .. a lot of things to do in order traders can survive in this business ..
actually i am recent trader so i have some lacking some information about his trading that creates some problems all time .so i am sorry for reason.
budikusuma
2012-06-24, 12:57 PM
they do not have good money management plan and this is one reason they buy or sell more than that they can afford so this is one big risk that they some times see forex is getting out of their control so this is one big basic mistake people make. I have good money management plan mostly so I do not get too many margin calls.
True. is planning in the psychology of trading that will make us more comfortable
because when we face the possibility of even the worst, it will not interfere with our psychology that we've got a good plan to address it.
mojcris
2012-06-24, 02:53 PM
I think most of the people think that forex is like games or casinos !!! where they have so much risks and it's kanda playing!! or some of them think that they can earn millions of $$$$ almost overnight !!!! and it's not right...
espin
2012-06-24, 03:03 PM
some people start trading without analyze the market in some cases when they face loss at that time some people do not like wait for his success at that time they blow their account.
yogesh
2012-06-25, 04:30 PM
Some people are used to repeatedly blow their trading accounts. The simple reason is their trading in gambling ways, using no stop loss, using higher leverage are reason that take you towards blowing your account faster.
nurhidayah
2012-06-25, 04:38 PM
Some people are used to repeatedly blow their trading accounts. The simple reason is their trading in gambling ways, using no stop loss, using higher leverage are reason that take you towards blowing your account faster.
this is what we should note carefully that this is indeed the process of trading we have we can adjust to some of the things we had to align with some of the steps that we can Match with procedures we see our account is to be blown up or made as a place where we invest safely
kapil_chemical_07
2012-06-25, 04:57 PM
Hi brother, at first I want to give you thanks from the deep of my heart for the very beautiful post.I think you are right and I like your opinion very much.These information are very helpful for all kinds of traders.Best of luck for you.
sammy
2012-06-25, 04:59 PM
most of the newcomers like me blow their accounts and gets margin called due to small capital, excessive leverage and opening 2 3 trades with very low principle and high leverage. so avoiding these might help.
kajole
2012-06-25, 05:29 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
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.
yogesh
2012-06-25, 07:58 PM
When we get into huge losses due to some reason it make us upset and we turn aggressive may be we start trading wild, use higher leverage to get your money back faster. This probably is the biggest mistake we do and lead to further big losses.
nuh514
2012-06-25, 08:06 PM
Some people are used to repeatedly blow their trading accounts. The simple reason is their trading in gambling ways, using no stop loss, using higher leverage are reason that take you towards blowing your account faster.
Stop loss is very important in forex trading and this should be the habit of every trader to put stop loss on the time of entering into a position. I lost all my money due to my bad habit of not putting the tool of stop loss in my trades. Stop loss limits our losses and we should also not forget to put take profit tool in our trades.
yogesh
2012-06-27, 04:54 PM
Some time having over confidence causes traders to make trades without stop loss, but this does not change volatile and unpredictable behaviour of forex market, and so this over belief in self-analysis lead to big losses may be blow the account as well.
safayet39
2012-06-27, 04:56 PM
traded according to Eliot's waves + Ganna lines still in use MACD and moving average,While it still works fine-i tunes the inputs and outputs :)
Technical analysis is very important to know,because according this traded...
arif01
2012-06-27, 06:01 PM
So forex is a way of Income for man those who are gather knowledge about computer and online internet use knowledge. So Forex means a sources of income in on line by conversation various topics on forex trading. It is a indian wave site from which lot of people earn money in long time. It is suitable sources of income for student and employee.
zulqurnaine
2012-06-27, 07:06 PM
Forex trading is very hard work and a trader without knowledge can not succeed in this business. Mostly traders are not well trainied and they loose their money due to lack of knowledge. Many traders have not enough investment and they withdrawl their profit soon after earning.
zahid13
2012-06-27, 07:14 PM
I think there are still some providers who do not have the prospective interacting. THEY may not skilful found the company very well. And some of them may be self-centered in market, and so they decrease in company and reach their currency trading information .
So many people blow their account here in Forex trading because they have come here without adequate knowledge and experience and they did not know how to trade here in Forex trading and this is how they had blown their account here.
omer1
2012-06-27, 07:30 PM
Acoounts k blow krne ki asal wajah experience or patience ki kami hai ziada tar log demo accounts ki bjaye apne live accounts pr experience lenay ki koshish krte hain apna loss krwa letay hai iss liye forex trading jab bhi start ki jaye pehle fully study kia jaye or bauhat sari practice otherwise forex mein loss ka risk bauhat ziada hai.
miketega3
2012-06-27, 07:57 PM
the reason forex trader blow their account,the reason are very so much from over leverage of trading account, greed, indecision, not studying the market before trading forex,not follow thier own trading plan
Tozammel
2012-06-27, 08:27 PM
Many traders blow their account for their ignorance in forex.
They dont know the proper trading method.
Also they are not too patient to get profit and thereby get lost.
mohcine30
2012-06-27, 08:35 PM
in my view i think this people blow their accounts on forex because they don't have enought knowledge and experience in the forex market cause of the money management which should be treated as the highest priority
yogesh
2012-06-28, 12:24 AM
If those who blow their account look at their behaviour they made mistakes not followed risk management, if you were using proper risk management there shall be no reason to blow your account or get big losses even.
raju21
2012-06-28, 12:37 AM
I think maximum trader loss their capital in Forex market because they start trading before they know anything about Forex. They think this is the most short cut way to earn huge profit. But there is no such short cut way.
Abu Bakr Siddique
2012-06-28, 11:04 PM
So many people lose their accounts in Forex trading because of lack of trading knowledge.Basically they don't know the rules and regulation of trading that's why they loose their capital.So it is necessary for every trader to practice in demo account at least 1 to 3 months before starts to real trading and should acquire knowledge about trading.
pbelim
2012-06-28, 11:15 PM
forex mein kuch se log hotein hai jine koo market ki information nahi hoti / unhon mein skillful trading karne ki ability bhi nahi hoti hai and woh loss kar beth tein haii... aur kuch log sahi se trade kartein hai with good analysis and control ... so yahi reason hia forex account blow karne kii
arif01
2012-06-29, 04:07 PM
People Those who are employed then also work with forex in rest time because it is on line programe and it is always open. So forex is a way of Income for man those who are gather knowledge about computer and online internet use knowledge. So Forex means a sources of income in on line by conversation various topics on forex trading. It is a indian wave site from which lot of people earn money in long time. It is suitable sources of income for student and employee. Its a game also. There is business which as no risk.
fxquest
2012-06-29, 04:49 PM
My friend thats just a process of heading towards enormous success. All those who burst their trading accounts get to learn from their mistakes and I think that this learning is the most important knowledge that a trader may get.
yogesh
2012-06-29, 04:51 PM
A big no. of people engage in trading with little or no education and experience, still hoping they can make a lot here ... Most of those end up losing their money or blow their account within few trades themself.
obaid2012
2012-06-29, 04:59 PM
Easy when you do not follow our own rules, do not sit idly by when we trigger the loss of mounting losses and close monitoring of our business is not like the negative consequences will flow from our party.
zaidis
2012-06-29, 05:53 PM
What I see why so many people lose their money on the Forex market is the desire comes to them, they want a millionaire overnight, they are used to large lever on the market at the wrong time without much research and findings to be seen.
farhannasir
2012-06-29, 06:20 PM
the people are generally eager and hence reduce their money at the start of their profession in Currency dealing and then they are inclined to keep it. The best way in my view is this that a person must always exercise in a trial consideration first before beginning dealing in actual consideration.
alaminas
2012-06-29, 10:16 PM
Thanks for your question, I try to every time we enter the market. so many ppl thought they can easily win in this market. But its not so much easier.
esporti
2012-06-29, 10:49 PM
my answer for you i guess is that people and specially the newest traders forget about the rules and only care about the quick profit and take big risk
pakforex
2012-06-29, 11:11 PM
the main things are to control in forex market is only your emotions and when you get the loss you can control on your self
if you have the low capital then their are some chance to empty your whole account so if you are seriously in forex market then you can start with 3000-4000$ initial deposit
tamun
2012-06-29, 11:34 PM
jo admi iska bareme janta hay o admi forex may account kulkar bayth ta hay or iske lia uska taklif nahi utana parta hay
ocean star
2012-06-29, 11:47 PM
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 main reason that the expert trader in the market only 5% and 95% trader are low knowledge about forex 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.
mesbahjsr
2012-06-30, 12:19 AM
i think that is happened for their own faults. because they are not sincere about the market condition of Forex trading market. they are not conscious about their business. this is the major fact.
eliash55
2012-06-30, 12:26 AM
Which this trader are blow their account,i believed that they must be included bad worked,especially do cop/paste, it's really very bad for forex trader.cop paste is valid able for forex trading.one user can not use several account on his own pc the their account is will be blow.
mony1
2012-06-30, 12:30 AM
Due to inexperience and lack of access to and training of the pilot account is a good way to learn before you start to open a real account and because of the development plan of the Organization
mesbahjsr
2012-06-30, 12:35 AM
i think that most of the traders who are still trading her are under their accounts on Forex, an online trading market because of their own faults. and they should acknowledge it.
aisya
2012-06-30, 02:36 AM
i think that is happened for their own faults. because they are not sincere about the market condition of Forex trading market. they are not conscious about their business. this is the major fact.
chances are they do not understand the characteristics of forex properly, so they must know his profit with the amount they want, whereas in the forex profit can be gained by implementing a strategy appropriate to the circumstances that existed at that day, if it is a large potential for profit must be in achieved but if not good chance then do not in force because it will fail and the loss
ayudiana
2012-06-30, 03:09 PM
90% of the new forex traders mostly blown up their trading accounts because of the lack of the good money management plan.That is why i emphasize on the good money management plan with good trading strategy
yes in a trading plan itself is very necessary and very important consideration. because of the careful planning that would result obtained is usually not far from the planning of our own making.
forex traidng main fail hone ke bahut se reasons hai khash tor par jab hamara account blow ho jaata hai.
forex trading main account blow hone ka meaning hai ki ham ne money managment ka shai se follow nahi kya.
awais
2012-07-03, 11:13 PM
The reason for blowing their account is loss which is the result of less knowledge, fear and greed of trader himself. If the trader is skilled then he will not make loss but if he is not skilled he will be in loss and will blow his accounts
My friend thats just a process of heading towards enormous success. All those who burst their trading accounts get to learn from their mistakes and I think that this learning is the most important knowledge that a trader may get.
skboyra
2012-07-05, 07:42 AM
the only reason of that the immature trader trade in the real trade and they have no primary knowledge about the forex, how they can use the techniques and less control of the emotion to earn huge amount of profit in a short time make to blow the account of the many people.
milan
2012-07-05, 07:56 AM
I think that the Forex is all around the direction of danger. The one which can't care the peril recovered gift cocaine their account. That is the nature law in Forex. Alter you say the chance is 50/50 but if someone cannot command the seek and view the false line , alter they come out with big story they gonna release for sure.
dhiraj
2012-07-14, 01:16 PM
My friend thats just a process of heading towards enormous success. All those who burst their trading accounts get to learn from their mistakes and I think that this learning is the most important knowledge that a trader may get.
dhiraj
2012-07-15, 05:15 PM
My friend thats just a process of heading towards enormous success. All those who burst their trading accounts get to learn from their mistakes and I think that this learning is the most important knowledge that a trader may get.
muhammadusmankhan
2012-07-15, 05:20 PM
not so many from my knowledge and analysis all the traders when starts blow their account because of emotion and less knowledge about this business i also had blown my $50 investment at first because of some silly mistakes but people learn from mistake and after some experience they get good profits out of this business.
sharabela
2012-07-15, 06:35 PM
I have seen many traders blow their account only because they did not know how to do the risk management. One trader he had an equity of 500 dollars and did a trade with the volume of .50. What would you aspect from that account? Another trader, he had too many buys with big lot as well where market was going to sell. Most importantly, inexperience and impatience are the most dangerous things that help traders blow their account.
nisar
2012-07-15, 07:13 PM
i think emotions & greed are the main reason that many people blow their accounts on forex.
eldrin
2012-07-15, 07:16 PM
People that are beginners in forex trading should never trade with only a small amount of capital. ... Many new traders try to pick turning points in currency pairs. ... they continue to add to their position being sure that it is about to turn around this time. ... of clinging to the idea of being right and ending up with a blown account.
mehulpopat12
2012-07-15, 07:29 PM
first reason why people's forex account blown down is they trade without stop loss and open their position till profit and other is without proper forex course or without study they direct start to trade on live account and neglate fundamental analysis and use high leverage and take high risk..thanks..
rosni
2012-07-15, 07:37 PM
Forex trading is the localize where the essay of the losses is equate to the adventure of the profits. It is not a drawing system or play but the important pugilism is to trammel the losses and growth the profits as a outcome of it.
ahmedi
2012-07-15, 07:37 PM
There are some reason for this phenomena. The most of the trader can not control their greed, emotion and can not analysis the market accurately. So, they blow up their account. Best wishes for you for your post.
We need the good strategies and planning. We know that forex trading is different from other businesses, because we can limiting loss there. And also the profit can be limited so as not to turn into loss.
challenger ab
2012-07-15, 07:40 PM
i think blown account come from high risks and the bad controlling to the capital .we some times have small account and want to turn it to big capital but not put in our mind the risks so it blown fast and if we have big capital we make the volume of the lot big to earn big profit or trading with several currency and then all our account blown
theboy2226
2012-07-16, 04:57 AM
i think there are many reasons for that and i did blow 7 account because of greed .that is the main cause of loss ,i traded with big lots to get fast profit and many beginners do that but eventually i learnt to be patient and wait for the profit and trade with small lots
I think that forex is a business not a job because doing job is the binding for the employee to attend the office in time but in forex there is no bindings any time to earn.
eng.adham
2012-07-16, 08:25 AM
i think that people who blow their accounts in forex are the beginners who join forex hoping to make a huge amount of money without any experience .. so they have to learn forex well and try trading in a demo account before they can start their real trading .
zeshan
2012-07-16, 10:29 AM
yes i am agree that the traders mostly take the loss in the trading the traders loss the money when they are the more greed and they don t wait the market
maesa
2012-07-16, 10:57 AM
see advantages in beginner can easily be achieved by taking every step that seems easy but full achievement of no anticipated risk, while the experienced trader to take maximum advantage of the strategy but it's got a safety when bad things happen
sathivai
2012-07-16, 11:08 AM
yes friend you are right so many trader blow there account in forex matket because they don t use stop lose point
want2brich
2012-07-17, 07:14 PM
Very simple. People often dont have enough knowledge about forex market, and their money management skill as well as risk management skill when they trade, and they can't control their emotion when trading. That's the reason why they lose money and blow their accounts.
suresh
2012-07-20, 12:48 PM
Most of trader blow their account because they do not have proper knowledge about this market and they want to make money first but they do not want to learn, most of the newbie trader fall in this problem but i think if trader learn first about this market then this problem will solve.
ToengToeng
2012-07-20, 01:07 PM
I think it is because of greed my friend. In one scenario, someone who is very greedy would tend to double or immensely increase the number of Lot and Risk traded in one position when he/she manages to gain streaks of profit. In the other hand, some would also increase their lot size when having losses since they want to get payback/revenge from all those losing position(s).
suresh
2012-07-21, 12:15 PM
Most of trader blow their account because they do not have proper knowledge about this market and they want to make money first but they do not want to learn, most of the newbie trader fall in this problem but i think if trader learn first about this market then this problem will solve.
cozard007
2012-07-24, 05:58 PM
It is very evident in the market to be at the edge of the trades by trading in the disciplined manner, Plan your trades and trade your plan, this is just the road to success.
tonmoy
2012-07-25, 01:07 AM
the humans tend to be abrupt and appropriately apart their money at the alpha of their career in Forex and again they tend to leave it. The best way in my assessment is this that a being have to consistently convenance in a audience annual aboriginal afore starting trading in absolute account.
aalul
2012-07-25, 04:38 AM
Most of trader blow their account because they do not have proper knowledge about this market and they want to make money first but they do not want to learn, most of the newbie trader fall in this problem but i think if trader learn first about this market then this problem will solve
The main cause could be causing it all is the loss of control and self-control in the trading, this could be caused by a lack of knowledge or experience and for those who have experienced this would be as out of control emotions that are too greedy and self-confidence
yogesh
2012-07-26, 12:54 PM
Look if we target to double our capital we need to risk big too, and in that order we can not set a very tight stop and so in case trade does not go in our favour we blow our account.
KAMRANALI
2012-08-01, 02:42 AM
we can set some many rules for trading but we always do against it everytime we enter the market because we dont have a patience , so many ppl thought they can easily win in this market but the truth it not that easy
forex man
2012-08-01, 02:51 AM
in general a lot of traders who blow their accounts because they want to earn very much profits in so short time and they trade with high risk and they they increase the lot size for their trades .
Lyubov
2012-08-01, 02:55 AM
they too fool to manage their money, they dont have a money managements so they don't know how to trade forex.Forex is a big fiancial market,where we must keep our capital avoiding the risks,if we can not manage our money, and trade with a huge leverage, you will be easy to blow your account. Trade demo first, then trade real.
nonprado
2012-08-01, 03:26 AM
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.
The simple answer to your question is, what people tend to be impatient and therefore lose money early in their careers in the Forex, then they tend to leave. The best way, in my opinion is what a person should always practice in a demo account first before negotiating from real account
agitiga
2012-08-01, 04:24 PM
I am not after who wins and who's losing but I do know that there are simple rules that guarantee success when kindly followed and the issue of loss is not ruled out though with little by little lot size you will certainly not feel any loss you marke
Mungkin Tukang Scam
2012-08-03, 12:04 AM
haha ... It is true, many have lost all their money in forex. This is because they are so clueless about risk management. this example, ought we here define our own risk, for example how many losses can say thank today? if it was natural we should refrain from trading that day, and we continue on another occasion. and need to know most of those who lost all the money because they do not use stop loss. I think this is wrong, but I think it's very important stop loss. is to limit our losses. many traders who do not know about it. they think this game can be run with ease,,? not? This should be planned in detail.
Discordance
2012-08-03, 12:16 AM
If you think that, you take Forex as a profession and i think you should work on full time. Because, to becoming a professional trader you need to study hard and work hard. That's why, Forex need full time.
goldenmember
2012-08-03, 02:10 AM
Yep you got it in one. The difference is the spread. For instaforex it is 3 pips for EURUSD, so that is about 6 pips in each round trade. This means if you want to trade for 50 pips with SL of 50 pips, you will need to go for 56 pips and have a SL of 44 pips. The odds of you winning is 46% for 1:1 ratio, and losing is 54%. It does not take a genius that over time you will keep on losing slowly because the market has a 8% advantage on you. So over time you will lose your entire account. Add in slippage and requotes then you will get probably a 10% advantage against you. That is more of an edge than a casino has on you in blackjack or roulette.
mansour
2012-08-03, 03:27 AM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
for me i can say it happens because he wants a lot of profits in the shortest possible time. of the last transaction in a comprehensive lots good luck
king1
2012-08-03, 04:05 AM
People lose their accounts and lose, the spectrum is due to the haste and not to rely on plan for trading in the market and also not to study the technical analysis of the market are enough and strong For this reason, many people lose their accounts and unbeatable for the loss in the end,
ishvara
2012-08-03, 04:06 AM
Carelessness, recklessness, lack of knowledge, no planning, etc are one of the reasons why forex exchange traders can have losses in their forex exchange trades. I prefer to make sure that i control myself to prevent these problems from affecting my trades..
yogesh
2012-08-04, 02:53 AM
By just depositing 1% or lessor margin - if the trader behave careless and leave the trade without stop loss - he shall be attractive the margin call in first few days itself.
zytuy11
2012-08-05, 06:48 PM
i think people who open high volume trade and this is mostly backed by greed to earn big money in one go....they venture risky trades...sometimes emotional stress and fear to lose money leads you to this way.
mohdalikaizer
2012-08-06, 04:37 PM
there are some investors who don't have the capability of competent dealing.they may not have discovered business very well.And some of them may be selfish in business and so they drop in business and strike their records in currency dealing.
ku_lock
2012-08-06, 06:00 PM
most of the traders are newbies and have no experience with knowledge. they just want to earn money with no knowledge, and others lost their accounts due to lack of planning and greed factor.
yes true, indeed it often is, because they started the trading of knowledge is lacking. and it will certainly make them very risky to impose trade. because the forex business is a tough business to be truly understood, because it was supposed to be our starting forex business with good knowledge.
isbhacker
2012-08-06, 06:24 PM
Its because of greed ,At first they dont have fear of losing and they just see that they will make million in ust one trade and then they lose their accounts very fast ,they usually dont use MM.
Md. Mosharaf hossain
2012-08-07, 12:47 AM
Actually the main reason behind this is the emotion. Some people trade forex as they are gambling. This is due to their over greedyness. Another reason some trader don't get enough knowledge about forex before entering into the market.
royronjonsukla
2012-08-07, 06:27 AM
According to me, The main cause that the expert trader in the market only 4% and 96% 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. but we should a short trade.
teddy1909
2012-08-07, 06:42 AM
Forex is not just flip of a coin. Your example is just a simple one, and yes, the choose is up or down, but please remember, before the market going up there is floating or correction movement. Sometime the level corrected and bounce back to opposite direction.It is not like football gambling, where you just depend on the final score.
truegoa
2012-08-07, 09:23 AM
The most reason why many traders just blow their account is that they do never use good money management or they do not have proper dicipline to stick on it. Actually, even with poor method or strategy, a trader can still improve and grow their account if they can stick on money management rules. well, that is only my opinion, CMIIW.
ishvara
2012-08-07, 09:42 AM
The ultimate reason why many people blow their forex trading account is because of carelessness. They are just greedy and this makes hem to try out high risk trading in view of making more profits.
Nganti
2012-08-07, 10:02 AM
many people blow their money in trading forex because they not use good of money management in his trade, in their mind just hope to big profit withou deep think the cause for use huge lots.
goodprofit85
2012-08-07, 10:29 AM
I'm sure people who open excessive volume trade in Forex and this also is mostly reinforced by greed to gain lots of money in one go. these people opportunity hazardous trades. at times emotive pressure as well as fear to get rid of money brings someone to in this way.
irfankhan640
2012-08-07, 11:40 AM
The main Reason of Account Blowing in Forex is greed, emotions . These are most common in new trader and it leads them to loss in Trading. So always control Greed and Emotions In Trading. It will minimize the chances of loss in Trading.
sudhir
2012-08-07, 12:06 PM
forex main jitna kama sakte hain utna hi loss main jane ke chances bhi rahte hain jab bina sikhe forex trading karne lage to loss hota hain islye forex main loss hone ke karan log accunt chod dete hain
faisal89
2012-08-07, 12:15 PM
Without any doubt it can be said that we can set many numerous rules for trading but we ever do against it everytime we follow the market because we dont hump a cards , so umpteen ppl thought they can easily win in this market but the feminist it not that painless
gabriel
2012-08-07, 12:34 PM
The reason 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
There are many important reasons for losing an account by a new trader. But in my view the most important reason is that they don't have any idea to set the targets i.e. Take profit and stop loss targets. I have seen many new traders that losing big due to trading without well defined targets. Actually if stop loss target is used by new traders they will definitely improve their trading
wazid201118
2012-08-28, 03:28 PM
many people blow their accounts in forex because they do not trade well.They just greed for huge profit and trade like mad.so they have to face huge lose in trade and do not come to trade in forex again.
cfxsignals
2012-08-28, 03:31 PM
People blow their accounts because they get angry. When they are in a losing trade then they add to losers and average down. They overleverage and get impatient with the market.
Why do so many people blow their accounts on forex?
This is because of few major reasons, first is No discipline in trading forex, and 2nd is no use of proper money management, and both problems can be overcome by proper training in forex, so do training first..
yogesh
2012-08-31, 02:20 AM
Excess greed, being in hurry to trade real without passing through learning curve, ignorance of risk management rules, excessive trading with high leverage are few such reasons that are proven to result in blowing the account.
shahtijani
2012-08-31, 02:25 AM
Many of the people who trade forex blow their account due to several reasons. Some blow their accounts because they want to become millionaire in few minutes which is not possible and they trade big lots and lose their money in very less time.
challenger ab
2012-08-31, 04:52 AM
i think more people blown their account because they focus on earning and how to make big money in short time they not focus to under stand the market or the reversal point and they not use any good strategy bu they jump in the market with the trend they saw so they make wrong trading lead to loss or call margin
yogesh
2012-08-31, 11:21 PM
Sad to see that despite knowing the intetion behind stop loss and understanding the fact that it is must many of us do not use it and that act the main reason for blowing one's account. When we expect profit we should be ready for losses and even cut those losses by way of stop loss.
hello927
2012-09-01, 12:07 AM
Most of the people who fail in Forex are due to lack of knowledge of trading and they also think that it is easy business and only investment is requirement but Forex is really a tough one and requires extra knowledge of live trading. In Forex position of the trade changes immediately and if one is not familiar with the emergency procedures of trading then he ultimately looses his position.
sammy
2012-09-01, 12:21 AM
i wish it was that simple to trade just like flipping a coin. remember, flipping a coin has 50-50 chance when it is unbiased. but market is biased most of the time and gambling like these will lead to loss only, however small you take the risk. and that is the reason why people lose their account.
taharoyal52
2012-09-01, 12:24 AM
Yes, sometimes it is because they have larger objectives and will really not enough or can't manage for the dealing investment we have currently. Although, it also indicates of jeopardizing it all to be able to generate big so it will be just two activities if they will have that either to win with affordable benefit or will offered their consideration.
yes i agree with your words that bigeners shouldd starts with demo a/c then should go for the real a/c even i practice 2 years in demo a/c.
natasha
2012-09-06, 11:57 PM
i think the main reason behind people blowing their account is poor money management and i think that it is very much important to be having a good money management and we should be having a very nice trading plan and it is very important to follow it
cfxsignals
2012-09-07, 12:20 AM
Most people blow accounts because of no stop loss and adding to their trades. They become overlevergaed and the market moves against them constantly without retracing - this is a trend and they are caught on the wrong side.
s.saha
2012-09-07, 12:49 AM
according to me most of the trader blow their account due to to less control over their emotion. they never want to accept loss trade and they hold a loss trade for long time. actually this is the symptoms of a bad trader. we should have tendency of accepting the loss because both profit and loss are the part of this business.
abdulawal
2012-09-07, 12:58 AM
There are several professionals exactly who don't find a way of skillful buying and selling. they could not have access to knowledgeable buy and sell wonderfully. And a lot of them may be carried away throughout buy and sell and lose throughout buy and sell along with hit their records throughout currency trading.
hamza12
2012-09-08, 12:14 AM
...i personally think that there is a main reason due to which many traders blow their account on forex and that reason is the bad emotions of the traders like greed so just control your greed and get profit in forex.
FREEDOM
2012-09-08, 10:39 AM
Over lots size and highest emotions are the causes of blow our account. Blow out account is the worst thing we do in trading and there is big mistake involving inside. To avoid it then we can apply a proper money management.
blackmamba
2012-09-08, 02:53 PM
they blew on their accounts because they've may made mistakes over and over, for example, still involves a lot of emotions when making forex trading .. or traders are willing to take risks without making a good analysis. that is my opinion.
malik
2012-09-08, 03:08 PM
Traders try to get rich quickly and in the process they blow their accounts, actually this market is not a get rich scheme that we should understand while dealing in this market and should try to make slow and consistent profits only.
wulandari
2012-09-09, 04:47 AM
its because they not apply tight money management into their account, and never learn about risk of forex, or maybe they too greedy and overtrade, so which one are you?
takahara
2012-09-19, 04:19 PM
at the start of play forex advisable to play first on a demo account to familiarize yourself first. after steady with the existing formula then we play in a real account. all traders must have experienced loss but if he could rise from the loss and move on again armed with the experience to make a profit.
sajal
2012-09-19, 06:23 PM
A large number of people blow their account in Forex.It has some reasons.Most of the traders in Forex are new and new traders are very greedy and emotional.They are also so lazy.They want money at once and so they loss so early.I have lost more than $300 due to my excessive greed.I think that greed is the main enemy of a Forex trader.
bilal12
2012-09-21, 10:06 PM
i think the main reason of the accounts which are below of the traders are that the forex trading is the thing where you have to run with the strategies but these kind of people which have like this type of accounts are the bad traders
Farooq787
2012-09-24, 08:04 AM
I am a new in forex. Many people trade in there to earn money in very short time. Because of this type thinking they can lost there everything. So it’s a big mistake for him. So every should avoid the mistake.
G bhai forex mein hum bar bar mistakes kertay hain hamain loss hota hay hum stop naheen kertay jab tak kay margin call na aa jaye kion kay hum apni greed aur emotions per qaboo naheen rakh sactay halankay hamain seniors bar bar ic baray mein lesson daitay hain laikin hum demo per to aik achi trading ker laitay hain laikin jab real mein atay hein to hum control kho daitay hain.
goodprofit85
2012-09-24, 08:16 AM
I think people blow their accounts in Forex because they obtain upset. After they come in some sort of loss off industry chances are they'll enhance losers in addition to typical lower. Many people overleverage and acquire impatient using the Forex trade.
gillani24
2012-09-24, 08:19 AM
forex mein mind aur snese istimal kar trading karni chahiye. hamein trading mein utna invest karna chahiye k agar hemiin loss b ho jaye to bardashat kar sakein. hum emotionaly ziada invest kar dete hein jb loss hota hai to dis heart ho k peeche hat jate hein. mera kahayal hai yehi reason hai.
Redcandle
2012-09-25, 07:31 AM
i think it is very simple to understand this matter. They always blow their account because they do not learn much for trading. any way they should start with demo account first and practice in demo in a discipline plan without any break it.
sayed2013
2012-09-25, 07:42 AM
Yes account going to blown because of us. If you do wrong and don't maintain the strategy then account can be blown. But by blow the account you can find out what wrong you have done why this happen and in next time will not doing that mistake again. All time you cant analysis perfectly what going on in the market so some time you face loss. If you use stop loss for money management and risk management then loss can be less. You need to use also demo account.
muna1982
2012-09-25, 07:54 AM
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.
blowing account may caused by many factor. the newbie blow their account due to lack of experience, some people lost their account for bad strategy. trading with out stop loss is a major cause that trader get a lot of floating loss and finally account loss. beside this their are some expert lost their account due to small capital to support too long pips change in a direction. the mentality that the market may reverse very soon is also a cause that trader open lot of position but they got loss again. so very one try to be make profit but final result is lost of account.
parvez
2012-09-25, 08:01 AM
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.
ku_lock
2012-09-25, 09:38 AM
yes it is true, however this forex business is a very difficult and complicated. if many traders who do not have actual knowledge or skills are quite good and forced to trade, which will make sure that traders experience losses in forex business. Therefore in this forex business we have to be patient with the learning process, do not rush to make a profit, because that would be a loss.
blonur
2012-09-25, 10:16 AM
Because, there are truly so many fundamental variables built into each traded currency, its not really 50/50. So many outside forces directly sway the market so that there is no true randomation in said market.
For instance if I flip heads one day to buy said currency and their government decides they are going to print more money, the value drops and you lose. Ok now thats one day event.
mr kashif
2012-09-25, 10:47 AM
i think trading main greed karny se he account blow hota hai mery sath bhe huwa tha q k hum start main chahty hai k hamen daily profit ho wo bhe ziyada se ziyada ho par hum ye nahi sochty hain k agar hum ziyada se ziyada profit karengy to hamen loss bhe ho sakta hain!
natasha
2012-09-25, 08:18 PM
i think there are so many reasons behind people blowing there account is due to the fact that they dont have any money management and also they dont follow any trading plan and they just keep on trading and after some random orders they blow their account
sameerdurrani
2012-09-30, 11:37 PM
The important peace of mind that the good investor in the market unique 5% and 95% investor are low noesis almost currency dealing and they signaling dealing without research and they actual big danger consequently a minor shift can get over his consideration. Efficient investor never disappointed and they rescript in want period for a bingle business.
shahriar1
2012-10-02, 07:20 PM
90% new trader make loss because they do not have idea about forex trading , they do not learn and practice . New trader have to practice in demo account . Forex is not an easy way of making money , we need knowledge , skill and patient ro be a successful trader .
4xpips
2012-10-02, 10:46 PM
The main reason that people blown their account is that they lack knowledge about forex trading and they called them self forex traders, They are impatient, they don`t know when to enter, when to and exit and where to place their target.
AD Capitalist
2012-10-03, 12:12 AM
from my experience many peopeple blow their accounts due to the lack of experience, lack of trading system and not having trading strategy and good trade management.All the basic concepts above are very reqired.
goldenmember
2012-10-03, 02:47 AM
Trading forex is not like flipping a coin because it is not 50/50 every flip. It is biased towards you because of spread and that makes it difficult. This means the more you trade the more the market has an advantage on you. This is the hardest thing - you need a way to overcome that difficulty.
budihanduk
2012-10-03, 03:03 AM
a trader's most important is to maintain capital not to zero
not think the pursuit of profit, or the fear of loss, fear of loss due to not realize that the loss is a risk of a trade, so the pursuit of profit can lead eventually lead to loss greedy too......
seeking safety is the most important thing, therefore management should really well laid out, because no one knows for sure the next 1 minute price will move to where
basit.online
2012-10-03, 03:52 AM
the prople who rate themselves as a big trader those people always gonna losse is forex trading,becuase blind trading is just like gambling and we are here for trading not for gambling so we should not do blind trading
mcceducation
2012-10-03, 10:47 AM
i think the maximum user are new. and we know the new user are 95% are loser so its the rules. so i think if we are learn about Forex trading and know all rules about Forex trading then time we are able to make good profit here. so many thank you for the nice information about Forex blow.
Smith89
2012-10-03, 10:49 AM
there are many people who blow there accounts because they do not use the proper money management and trade..depending on that there are many things which are needed to be kept and that is to keep good understanding of the market
ObaFX
2012-10-04, 02:13 AM
basically their is one major reason why traders will loss there money so fast and so easily is the use of bad money management strategy, and at times over trading will worsen the issue even further.
annapurna
2012-10-13, 01:28 PM
so many people blow their accounts in the Forex because it the easy way to earn money by sitting in the home all we have to need is knowledge and patience and sincere in the work.
toyfur2
2012-10-13, 02:59 PM
They would use their elbows just to push past you. or blowing their nose on a handkerchief was likely to be labelled as a member of So not showing manners has been a way of saving yourself from the zealous red by taking into account the differences within the culture that others have noted
cyberjobz
2012-10-13, 03:26 PM
Ok, stupid question but I just started playing around with forex... I don't get how people can lose their whole account so quick.. Aren't the odds of winning or losing a trade close to 50/50 if you set your stops far enough? say I have a $10,000 account and trade 10,000 units of eur/usd every trade so thats $1 a pip and set my stops at 50pips and every trade I do the same thing. THen I flip a coin and say heads I buy and tails I sell and do this over and over.. it should still be close to 50/50 right? Now what if instead of a coin I increase the stops to 100 pips and just follow the trend using simple fundamental techniques? This should be a good way to win right? What do you think?????
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.
my dear friend mere khayal say bahut say loog isliye forex main account kam rakhtay hain kiun k on ko bahut sara nuksan uthana parta hai aur jab tak wo apna nuksan pora nahi kar saktay hain tab tak on ko profit nahi hota
shamim686
2012-10-13, 03:28 PM
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.
Chow.ash
2012-10-13, 03:32 PM
i don't know.we take care of that so may be we are not blown our account that type again. ;but here every hour market is change its way .. u cant imagine or analysis everytime perfectly. so when ever we wrong we face the loss. but if we use the stop loss with money management and risk management.
buntysaha
2012-10-13, 03:35 PM
Myself many time i blown my account. but its not means that i am a bad trader.We can set some many rules for trading but we always do against it everytime we enter the market because we dont have a patience
enter
2012-10-13, 03:42 PM
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.
and i think that many of the time that they have blown their account is all becasue they do not have the good money management on their trading, if we have the good money management i think our account will being safe
dj_alone
2012-10-13, 03:57 PM
i now i think do so many people below your accounts on Forex trading to eran a lot of money from Forex trading to full fill their all requirements and enjoy the our life so many people thought that they can easily win this market but it is easy
fxrasel
2012-10-13, 04:26 PM
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.
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