Why do so many people blow their accounts on forex?

Why do so many people blow their accounts on forex?
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.

Ap ki baat theak hai k forex mai asey bohat sey traders hai jin ka account regular below hota hai. Es ki different reason hai. Jin mai asey bhe traders hai jin key pass low level ka knowledge hota hai ya wo trade mai lalach krtey hai aur asey bhe hai jo trading key rules ko follow nahi krtey hai. En waja sey en ka accxount below hota hai.

Not accepting trading mistakes as well and revenge trading for quick compensation of losses.

It is because they think to earn money too early and it leads to loss and more loss but we have to control on it and but if we use the stop loss with money management and risk management then its low possible to blow our account.

mostly people who blown up their account on forex are begineers as they dont think it is profitable or a losses trade.ty=hey just think we have entered the market and make our money double in a single day.so they must use stop loss to minimize the losses

Yah ek common sa question hai aur iska ek simple sa answer hai lack of knowledge and experience knowledge to Forex study se milega but experience ke liye aapko kuchh time forex mein bitana padega iska sabse Acha tarika hai demo account par trading yeh aapko experience degi aur aap Forex ke basic structure ki samjh paayenge jiska samjh na aana Forex mei loss Ka bada reason hai

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

QuoteOriginally Posted by deep thought View Post
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.

Many people end their account after a bonus on forex because they do not have forex knowledge and if they have forex knowledge then their account will never end So we need that we also gather knowledge of forex and earn a very good profit by trading in a good way. Because when we have very good knowledge, we make a good signal and that good signal helps us in giving profit.

bilkul theek baat ki hai aapane yah business kuch is tarah ka hai ki ismein agar aapko mehnat acchi tarah se karni hai to aapko acchi tarah se Kam bhi to karna hoga kyunki yah business success karne ke liye aapko mehnat acchi tarah se Kam aur acchi tarah se ek accha tractor Ban Jana hota hai kyunki yah business se bahut hi achcha hai ismein kamyab hone ke liye ko main bhi kami hoti hai aur is tarah se Hi aap ismein success kar sakte hain to aap kaun ismein kisi ki sham ki koi shak nahin sakte to bus mein Karen chitra se kam Karen