Why do so many people blow their accounts on forex?

[zarak]

My Forex trading account hamary blows hony ka the reason hota hai ki ham trading jab because starting karty hai to ham kabhi kabhi greedy ho jaaty hai or apny emotion pe control nah kar paty hai jissay ki ham aisa trading kar dete hai ki hamey lost bhi hosakta hai is the liame hamey trade start karne se peh apne par control kar or achi kar planning to trade karni chahiye tabhi ham sahi kar sakty hai trade.

[sanjay okta]

I am sure the people who open excessive volume trading on Forex and this is also largely reinforced by the greed to get a lot of money at once. these people are dangerous trading opportunities. sometimes the emotional pressure and the fear of getting rid of money bring someone here. and many people blow up their money in forex trading because they don't use good money management in trading, in their minds they only hope for big profits without thinking long about the causes of using lots of money.

[pemburu]

When a new trader joins the Forex market thinking that when others make double their money they can even do the same thing, but they forget and don't know the hard work done by the experts at the start, they have spent a lot of time , doing a lot of practice, I remain patient to get such success, so without getting the right knowledge they use high leverage and often trade which causes them to fall into Greed and ultimately which causes them to lose big and blow up their full margins in very small periods time.

[sapiyar]

there are some investors who do not have competent trading skills. They might not find business very well. And some of them may be selfish in business so they fall in business and break their record in currency transactions. and I think people who open high volume trading and this is largely supported by greed to get big money in one go .... they do risky trade ... sometimes the emotional pressure and fear of losing money takes you to the road this.

[lakum]

we can't make the rules as you think because not everyone has a good mentality to do this business. They have different psychologies that stop losses that are used differently from one another. the profit and loss percentage is different and I think this is a challenge that must be faced by a trader how to stay in this business. and my forex trader apna account esliye blew cardeta hi kyunki kahi baar traders ko my market equals nahi aata ki yahan kaise kaam kiya jaaye aur wo error my analysis of trading open open cardeta hi aur apne margin par dhyaan neta esliye usko blows my face because of padta hai.

[greek]

dear bro I actually consider forex is a business not a job because doing work is binding for employees to attend the office on time. In one scenario, someone who is very greedy will tend to double or greatly increase the number of Lots and Risks traded in one position when he managed to get a profit and actually I assume if you make a mistake and do not maintain a strategy then the account can be destroyed. But by blowing your account you can find out what you have done wrong why this happened and in the future will not make that mistake again. At any time you cannot analyze perfectly what is happening in the market so that sometimes you face loss.

[wifi]

An easy response to your own dilemma is that men and women are generally impatient and therefore give up income initially with their profession in Forex trading and many people often leave that item. The simplest way in my opinion is this kind of person should always practice in trial bills before starting trading with real bills and the number of traders getting their accounts washed out due to their own mistakes. Mistakes should not be made by traders because they cause losses and we have joined for profit not for losses. So, we must concentrate on our trade and be responsible and disciplined.

[meikarta]

people tend to be impatient and therefore lose their money early in their Forex career and then they tend to leave it. The best way in my opinion is that one should always practice on a demo account first before starting trading on a real account. Expert traders in the market are only 5% and 95% of traders have low knowledge about forex and they start trading without analysis and they take big risks as a result a little movement can destroy their account. Expert traders are never frustrated and they survive in the long run for one trade.

[karung]

I believe in forex trading many lose all their money in forex. This is because they do not understand about risk management. this example, should we here define our own risk, for example how much loss can be thanked today? if it is natural we must refrain from trading that day, and we continue on another opportunity. and need to know the majority of those who lose all money because they don't use stop loss.

[damage]

yes I personally think it's because of bad money and risk management! You trade with little leverage, so can I trade with a long distance? I placed a very small position, so I traded with a small rist. I do not have medium and high risk trading in my trading range. well bro for me, I hope it's that easy to trade like flipping a coin. Remember, flipping a coin has a 50-50 chance when not biased. but the market is biased most of the time and gambling like this will only cause losses, however small you take risks. and that is the reason why people lose their accounts.