people easily blow their forex account because of greed or at times due to total lack of knowledge and also in some cases combination of the wrong set of indicators which leads to bad trading signals
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people easily blow their forex account because of greed or at times due to total lack of knowledge and also in some cases combination of the wrong set of indicators which leads to bad trading signals
right brother i have seen so many newbies blow their accounts with bad risk and money management. and they face margin call or big loss. we should follow a good risk and money mangement to get better risk reward from this market. and avoid emotions in our trading to avoid risks. also their are lack knowledge and other mistakes also involves.
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.
I think there are still some providers who do not have the prospective interacting. They may not skillful 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 in forex is due to inexperience and one is due to greed because they don't know what lot size they should buy and over leverages it and one is due to they want to double or triple their account in a day and play like gambing and there is no place in forex for gamblers.
i think they are not properly learn about forex... and also they are unable to understand and also doing news analysis.................
Forex trading is the place where the risk of the losses is equal to the chance of the profits. It is not a lottery method or betting but the main fight is to reduce the losses & increase the profits due to it.
Many traders, including me .. I blow account of their very own.
Lot of time .. myself, I blow your account. But I do not mean that I would but bad trader. After the calculation is finished .. and blow our fault, I know why we were blown away. So next time in. We will take care of it, so we may not have blown off our account type that again. But not, every time the market has changed the way that .. u cant imagine perfectly every time and analysis here. When doing so, we are We are faced with a loss far wrong. However, in order to blow our account, using the stop-loss potential and its low money management and risk management then we.
the most of the traders in forex are taking the big risks so they are unable to do the well tradings in forex and mostly they are losing the money in the forex market and if the traders will not take the big risks then they will get some money from the forex.