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.
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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.
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.
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.
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
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.
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.Quote:
Originally Posted by jab we met
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.Quote:
Originally Posted by akshay1728
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.Quote:
Originally Posted by akshay1728
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.
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.
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.
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 implementedQuote:
Originally Posted by deep thought
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.
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.
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
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.
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.
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
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 ..
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.
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.
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.
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.
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.
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.Quote:
Originally Posted by ishvara
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.
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.
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.
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
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.
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.Quote:
Originally Posted by taufiqbd
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.
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 downQuote:
Originally Posted by mehedi islam
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.Quote:
Originally Posted by croy
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.
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.