Why do so many people blow their accounts on forex?

[tong]

well dear personally in my opinion I believe 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. According to me so many people blew their account on forex trading market due to their high expectation. As seem you invest in forex trading market $100 as capital what amount of profit do you return in a month? Normally 10% but we expect more so that the why many traders account become blew, thanks.

[tlagsing]

Most 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 at a short time. and there are many reasons for blowing traders' account i can give you. first i think it is lack of discipline in trading. second, it is trading without experience of traders. And more is without a good plan and good trading strategy for trading.

[polio]

Simple they dont know about trading. They just want to make money that is all. They just want to make a lot of money in the forex market and than want to make huge pile of cash really soon. Millionaire in a month doesnt it sound great? but the reality is different. You cant be a millionaire within a short time frame. If you do you are damn lucky. But the good news is you can be a billionaire someday if you know how to trade the market profitably.

[gandiwa]

well bro, for me I personally believe that if someone throws a dice in order to decide whether to buy or sell in a trade it means the person is gambling. It is obvious that gambling has no place i forex trading. Choosing a head of the coin each time as a buy decision can easily lead to a loss in every trade. well mein tou abhi itna experienced hun nai k kia wajoohat hein jinki wajah se log apna account bandh krdety hein aur buhat jaldi mayoos hojaty hein lekin mein ye zarur kahunga k log jaldi profit kamany k chakkar mein ziada risk leny lag jaty hein jiski wajah se unhy loss hojata hai aur woh apna account bandh krdety hein

[korong]

look bro, i have blow 2 accounts up losting many over 500 $ in only 1 month, thats because only one thing, my bad effect that the position won't get the target, the problem that my emotions is controlling thats the reason why i blew my accounts...
and The simple answer to your question is this that the people tend to be impatient and hence loose their money at the start of their career in Forex and then they tend to leave it. The best way in my opinion is this that a person must always practice in a demo account first before starting trading in real account.

[maksibanu]

sirf forex me education ki kimmi ki waja say he log yaha pay mar khaty hain aur zyada tar yaha pay tukkay say trade karnay waly hoty hain jin ko maloom nahi hota hai k kesay account ko handle karna hai aur kiss wakt trade lagani hai aur kiss wakt nahi lagani hai ye sari baten he matter karti hain in sub cheezon me. Forex ak bohat hi risky business hai jiss main risk itna hai jitna hum soch bhi nahi sakty is liye log is business main learning aur experience ka bagire trading start kar dety hain ya knowledge un ka pas limited hota hai jiss ki waja sa un ko loss hota hai aur un ka trading account main equity hamesha un ka original balnce sa km hi rhti hai jo invest kia hota hai

[tlagsing]

I think forex is a good job.The simple answer to your question is this that the people tend to be impatient and hence loose their money at the start of their career in Forex and then they tend to leave it. The best way in my opinion is this that a person must always practice in a demo account first before starting trading in real account.Good luck with your trading.and Thats why, before you put your real money in forex, you need to learn about trading forex, and know about risk, because forex really high risk business in the world, you can blow your account just in seconds

[kopai]

there isa reason because most of the time we all have the right working improved working process that we have to run the market with the best of its tools and so the sourcest hat we have an be well improved to certain interventions of integrations and its a process that always makes better for all of us to prove the best of the same. we all know fo the graces that is able to run the market in the better ways

[tigha truck]

Many people blow there account in forex because of lack of knowledge. They feel forex is easy and they start to over leverage then when they start lossing they want to make of fot the lose and they start to revenge on the market applying little or no rsik management. and Because so many traders trading with a very high leverage. Their account can only withstand as little as 100 pips in the red. Obviously they will blow up their account that way. Another reason is overtrading. Consecutive losses can wipe you out especially if you are using high leverage.

[damaskus]

in forex we have a lot of risk forex is the bussiness of risk jab tak hum forex me patient se kam nhi karen gye tab tk hum success nhi kr skte hain apko chahe ke ap sab pehle demo account pratice karen kyun ke forex jitna experience hota banda utna hi acha kam krta ha is liye patient se kaam kren taqi apko success hasil ho. Make profit in forex is hard but get loss in forex is easy. It is the main reason so many people blow up their trading account in forex. The other reason is because most of the trader who blow up their account is beginner, who still dont have proper knowledge and dont know how to trade in forex without taking high risk