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TOPIC: Why do Forex Traders lose money?

Why do Forex Traders lose money? 8 years 4 months ago #174

  • evilchild
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There has been an estimate that more than 90 percent of Forex traders lose money and end up quitting, but there is always a reason for that loss. Usually those with only a small amount of capital and outsized risk, end up being emotional with each swing of the market and jumping in and out and the worst times possible. Those who does not know risk management would be in big trouble because the main goal right now is to protect what you have and not make profit. Being greedy would get you nowhere so try not to grab every last pip before a currency pair turns because this can set you up to lose the profitable trade that you are sitting on. Don't be indecisive because switching back and forth will just make you lose little bits of your account at a time. Learn to admit mistakes and learn from that so you can move on and trade better.
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