yes main reason for loss is trading with indiscipline and trading with a greedy approach and trying to make most of it in a single trade and always trying to trade every move of the market and thus it results in loss.
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yes main reason for loss is trading with indiscipline and trading with a greedy approach and trying to make most of it in a single trade and always trying to trade every move of the market and thus it results in loss.
1. Lack of knowledge on trading
2. Unplanned trading to be rich in a quick mentality
3. Undisciplined Trading with less investment
4. No Money Management.
No matter how experts in Forex trading everyone has to take some loses before and after make profits. In this market loses are very common thing and we can't sure all the time we get only profits. But with proper knowledge and experience over the years of time period trader can reduce the losses and take some positive pip amount to the trading account
GREED is the main reason.. all people including the rich one or the poor one have their GREED at the big scale.. GREED is one of the bad psychological factor that need to be controlled.. to control GREED you need to have a tight discipline.. dont ever brake the rules that you have just set.. follow the trading plan
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I did a trade with my friends, because i could ask if i have problems such as lack of understanding or analyzing the market so my friend could be the place to ask...
There are many reasons for doing loss in forex such as if you start your business without learning, if you start your business by not practicing demo account etc. but the main reason is that greediness.
as a good trader, when we opened the position was wrong, do not hesitate to admit that our position is wrong, and evaluate it. if needed, do cut loss, it is more sensible than adding positions with aveaging that will make us more lost. of course, if we really have to analyze that our position is wrong
yes true, it happens a lot, traders lose because they are less studied. they think that forex trading is easy, so they are not through a long learning process, so they do not have sufficient ability to trade real, and that's what makes them really can not trade well. it is also the cause of many traders experience losses in forex trading. and I too have experienced this.