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Many traders may lose their accounts because they have become greedy with their trades. It is much better if we always control our emotions before trading because we have to prepare a good strategy and analysis to get profit and the main cause of losses in trading is misunderstanding of the Forex market and therefore expect too much from an account than what is practically possible.
people lose in forex because they don't need to be patient to know it, to offer themselves time to find out and study it well and apply it intelligently in a demo account and apply everything they need to learn about it then move to measure the account, they continue - it's a hurry so the illusion of becoming a millionaire in just a few days ... this can be crazy, you have to find out and learn then the profits can return later
A forex trader must come to this forex market with a perfect plan. This will reduce the percentage of loss. At the same time, a trader must implement a perfect strategy, must spend a lot of time to know about the market that will be experienced. This lack of responsibility is responsible for the loss of the trader. and Losses to forex traders as you said all this causes loss problems due to lack of experience in high risk business but it avoids problems and must be motivated to learn
knowledge and greed are two reasons that often make it easier for us to get lost in this trade and I am not surprised that so many traders are easily lost in this trade because at the beginning of the trade at that time still did not have good knowledge about traders or not too difficult in exercising control over their greed and now, Forex is the most popular business in the world. A trader can lose in forex, but in general the most influential factor is greed and fear because these two factors are related to each other and can cause us to lose great experience on Forex.
for me we have many reasons why forex traders lose in trading but I think the main reason is the fact that we have many forex traders who are greedy, afraid, and emotional, and the more we know this attribute, we just can't trade and benefit from the forex market, that's what I think on a lost basis and good and important threads for traders, from my point of view, I think most traders lose on Forex due to lack of proper experience, many traders come here to make money too fast but don't think that this might be a reason for a big loss
YOU KNOW
DEAR
Risk management is key to survival as a forex trader as in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.
ITS
INFORMATION
DEAR FRIENDS
A commonly known fact is that most forex traders fail. In fact, it is estimated that 96 percent of forex traders lose money and end up quitting. The forex website DailyFX found that many forex traders do better than that, but new traders still have a tough timing gaining ground in this market. To help you make it into that elusive 4 percent of winning traders, the following list shows you some of the most common reasons why forex traders lose money.
and
dears friends
The market is not something you beat, but something you understand and join when a trend is defined. At the same time, the market is something that can shake you out if you are trying to get too much from it with too little capital. Having the "beating the market" mindset often causes traders to trade too aggressively or go against trends, which is a sure recipe for disaster
and
my dear
Most currency traders start out looking for a way to get out of debt or to make easy money. It is common for forex marketers to encourage you to trade large lot sizes and trade using high leverage to generate large returns on a small amount of initial capital.
You must have some money to make some money, and it is possible for you to generate outstanding returns on limited capital in the short term. However, with only a small amount of capital and outsized risk because of too-high leverage, you will find yourself being emotional with each swing of the market's ups and downs and jumping in and out and the worst times possible.
You can resolve this issue by never trading with a too-small amount of capital. This is a difficult problem to get around for someone that wants to start trading on a shoestring. $1,000 is a reasonable amount to start off with if you trade very small
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my dear
FAILURE TO MANAGE RISK
Risk management is key to survival as a forex trader as in life. You can be a very skilled trader and still be wiped out by poor risk management. Your number one job is not to make a profit, but rather to protect what you have. As your capital gets depleted, your ability to make a profit is lost.
To counteract this threat and implement good risk management, place stop-loss orders and move them once you have a reasonable profit. Use lot sizes that are reasonable compared to your account capital. Most of all, if a trade no longer makes sense, get out of it.
understand dear