98 % of 4X traders lose money - Why?

nahiyar

Private, 1st Class
Messages
816
98% of the traders lose their hard earned money to the forex market solely because of their greediness and urgency to become rich very quickly and due to the unrealistic expectation they blow their account very soon and lose their money.
Greed and hurry are major reasons for 98% of looser but we can not say 98% traders are loosing their money . More than 70% are in loss , it is not final research it can change time to time. people who join forex newly should know unrealistic expectations cannot come true they should make real targets not dreaming targets. Because it is a business not a money making mill.
 

oscarra

2nd Lieutenant
Messages
1,231
….and according some EU regulator investigation outcome involving one main Brokerage Firm’s conduct, it turns out 86,6 % of clients suffered loses, even 100% with specific toxic sprint cfd’s

Also It shows a sick list of failures, pretending DMA direct market access, fake financial analysts, trading against clients……etc etc…..in fact the usual robbery’s

Now they can pay EUR 500 000 FINE, or go for appeal, the regulator’s max fine sum is limited to a hundred millions per case, hum

https://www.documentcloud.org/docum...SanctionAMF20180625.html#document/p11/a435767

evidently IG Lawyers are protesting, AMF should also investigate Cyprus Firms :D
 

Ken Smith

Private
Messages
104
There are many reasons that so many traders fail in forex. I think the biggest reason is that people watch a few youtube videos and invest in forex. They do not possess the right tools to become experts. They are naive and have no self control.

You are absolutely right. Greed and the restlessness of making money quickly do the havoc. From the beginning most people consider trading like gambling. They want to make huge money overnight. They do not follow any risk management policy.
 

Anthony23

Recruit
Messages
86
People lose money due to low experience and less practice on demo trading. For a good profit you must have good skills to judge currencies rate in future. You should have some information about the countries whom currencies you are using for trade. Current situation of country relates with her currency.
 

TrapLok

Recruit
Messages
136
Forex market is a complicated place. There are a lot of reasons you can lose in it. The top reason is that people invest in forex without knowing all the parametres of trading. They don't do any sort of demo account trading and expect to become millionaires through forex trading.
 

Whitesnake

Corporal
Messages
428
Forex market is a complicated place. There are a lot of reasons you can lose in it. The top reason is that people invest in forex without knowing all the parametres of trading. They don't do any sort of demo account trading and expect to become millionaires through forex trading.

Unrealistic expectation to make huge money within short span of time leave the traders with no time for practicing in the demo account, because of which they lack trading efficiency and lose the money. Forex is complicated but need to be understood with proper money and emotional management.
 

Qasim waqar

Private, 1st Class
Messages
40
More expectations than your trading skill will misguide you , you will try to get these expectation in short spam of time . As a result loss will occur , This first cause of failure when trader not get skill wants profit like professionals are making in forex market. Lower percentage of successful traders are those who had fully command on trading. Rest of the traders are just learning or face loss in trading.
 

bigdolly

2nd Lieutenant
Messages
1,009
You are absolutely right. Greed and the restlessness of making money quickly do the havoc. From the beginning most people consider trading like gambling. They want to make huge money overnight. They do not follow any risk management policy.
Hey thanks for the warning? Do you have any recommendations on how we can improve our money management skills?
 
Top