Why do so many people blow their accounts on forex?

[njoroge5]

i also many times blown my account just due to the use of high lot size....because beginners try to earn some quick money in less amount of time and due to that they use high lot size and then suffer loss

lot sizes mean you just have to have some more money but you can st your accoutn to some extent and keep it safe for what you have been doing, just use a leverage to make sure that you keep your account intact. trade using a lot of money in your account ,you are just saying bye to your money.

[njoroge5]

i also many times blown my account just due to the use of high lot size....because beginners try to earn some quick money in less amount of time and due to that they use high lot size and then suffer loss

most would use a very high demo account or rather I mean they use a very high leverage that usually kills their trades even with the slightest movements, leverages help to matain or act as an account manager.

[njoroge5]

most of the trader do not follow the market trend and without know about the market then open deal and suffer loss and then they become emotional and open again trade and at this time again they loss because they do not follow the market

they are aways trading with fear and a lot of greed, I mean they just want to make money rather than just wait until the right time comes to trade and make money.

[njoroge5]

because they don't take time to understand the whole issue about trading, they just jump in to the market and to money making just to be rich as fast as possible,but forex trading is not like that, you need a lot of time to make money and to trade like a pro, you need a lot of practice and time here jumps in. avoid the rush. some people are very hard and difficult to understand, they always trade with fear and greed. thats another thing that should be avoided, fear and greed.

[jab we met]

most of the trader do not follow the market trend and without know about the market then open deal and suffer loss and then they become emotional and open again trade and at this time again they loss because they do not follow the market

[grabbani]

As far as my knowledge goes I think there are some traders who do not have the ability of skillful trading. They may not have learnt trade very well. And some of them may be greedy in trade and so they lose in trade and blow their accounts in Forex. This is how they blow their account in Forex trading.

[iwan]

probably because many people are tempted by the profit we can get it if we run this business. they also feel with large capital, can get great results too. that were the case, but we also need to understand in advance all matters related to this business that we do not get stuck on bad trade are at risk of huge losses.

[ernestina]

The major reason that many traders blow their account is due to greed and bad analysis. Well greed is major because even with the right analysis when trader uses a big lot size he may blow his account and the market still moves in his direction, so greed is major.

[antosco]

The reasons why most of us will blow up our account in forex is probably because we are not disciplined and we don't follow the money management rule which is very important in other for us to succeed.

[aina]

Forex trading is the place where the risk of the losses is equal to the chance of the profits. It is not a lottery system or gambling but the main fight is to reduce the losses and increase the profits as a result of it.