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Reasons Why Forex Traders Lose Money

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. DailyFX found that many FX traders do better than that, but new traders still have a tough timing gaining ground in this market. To help you to be in that elusive 4 percent of winning traders, we have compiled a list of the most common reasons why forex traders lose money.

Starting Advice

Do not try and beat the market!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. Beating the market mindset often causes traders to trade against trends and overlords their account which is a sure recipe for disaster.
Low Start Up Capital
Most currency traders start out looking for a way to get out of debt or to make easy money. It is common for forex marketing to encourage you to trade large lot sizes and trade highly leveraged to generate large returns on a …
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Skif  thanks :)

Aviator avatar
Aviator 11 May

very good

Verona888 avatar

Nice work!

mohmmed11 avatar

good job

anashape avatar
anashape 19 May

interesting article!

orto leave comments
It begins with a dream of an easy way out to making money, I mean lots of it. It was the same for me when I started trading forex. I thought I finally found a convenient way out of poverty. It is good to dream and dream big but dreams are always dreams. Some come true and very many do not.
When I started trading in 2011, I was damn broke as hell. After a few lessons on trading and demo account practice for a few weeks, I felt I was ripe enough to trade live. I invested 3000USD of my hard earned savings. I made my calculations and thought, I was on the verge of hitting it big. This feeling gave a very positive energy of life and I just found myself smiling all the time. (of course I will be rich soon). However, after just two weeks of live trading the scale fell off my eyes when my initial deposit of 3000 USD evaporated up to 90%.
But is it really possible for a traders (professional or amateur) to have only winning trades??This is the question on every beginners mind. I also erroneously thought one could have only all winning trades. This is practically impossible even in only one month of trading.
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rh6899 avatar
rh6899 7 June

confirmed and will might be confirmed soon
crossed and will might be crossed soon

waiting confirmed and crossed happen is exhausted (who said it is a fun job? there is no fun in any job)
hoping will might be confirmed soon or will might be crossed soon is expensive (this must be the first lesson for a trader and must be train for this condition a trader must pass this test first)
when it is confirmed or crossed but not perform this can be fix and we spot it soon

JockPippin avatar

If trading isn't boring ..then you are doing it wrong ...A waiting game and positions that don't get your heart rate up even when it's falling before your eyes means you got your money right .It shouldn't be exciting it should be mundane and calculated .Nice to hear a story from a guy that's put his money where his mouth is  instead of some nugget winning the article contest that's  never traded for real and telling me about waves and candlesticks :)) .

nobleline9 avatar

Hi JockPippin, Yes trading is sure boring and not as easily lucrative as some seem to make of it.

JockPippin avatar

People are scared to lose and get a few scars to the wallet and run away but this game is a high risk of loss ...If your'e  scared of heights then don't sky dive as a hobby :))) . The money is sweet when you get it right doubt !! ,It's how you handle your losses that determines if you are a good trader ...If you break even in this game you can consider yourself a winner :)) .

scramble avatar
scramble 9 June

Many many times I feel like trading is just about knowing deeply yourself and your limit. Most of the times you will have to buy the falling price, or sell the rise.! Think about... how many times did it happen? You buy the rising price just to get the extreme peak of a multi days downtrend? So extreme that the ask price is not even covered by the candle in the chart? And how many times did you give up waiting for a move to come, just to realized you left exactly when the move started? Trading is a business: you have to buy CHEAPER. And sell HIGHER. The trend is an human illusion. That's it.

orto leave comments
There is no doubt that Trading is unlike other professions. Even if you are highly educated (even post doctorate) that does not mean you will be successful. Even successful people in their respective profession are not successful in Trading. So what is the way out? First and foremost is to accept that Trading is different profession and it requires skillsets which is often not required in other profession. I will try to pinpoint those things in this article.
The Beginning
After the initial starting point of learning the trade environment platform and what to do, along with the additional theory regarding to the theory on strategies methodologies and currency behavior, trades are often faced with the idea of trying to take their learning and experience to a new level and take their knowledge to make some returns on the investment they had in the learning process. In Reality, Few of them are actually able to go through to the next level and be successful in real trading.
Knowledgeable with the trading process and eager to succeed, and strong urge with the desire to create wealth, Traders often have a strong believe in themselves and their abilities. Traders understand that facing…
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Julia_Zhulinskaya avatar

хорошо написано) просветила нас)))

sharpsense avatar
sharpsense 29 Jan.

interesting article

ImranMughal99 avatar

Nice and good Job

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isbar avatar
isbar 2 Feb.

good job

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