Yes you are right, there may be several reasons of losing in forex, along with the less knowledge of basics and fundamentals, poor money management, lack of experience, indiscipline are also the common reasons which are responsible for traders lose in forex.There are many reasons a trader loses. Trading is a complicated place with greater chance of failure than success. A trader could be less educated about the basics and fundamentals of the trade. He could lose because of his patience.
One main reason what I feel is greed.
When a trader start to get some profit he wants to increase it exponentially and this is the hit. Being disciplined is difficult but it is the only way to avoid major losses.
But don't forget that more greed can even blow up your account.Avoiding greed is a thing you can never achieve in forex market because we come in this market to make good money not just normal money.
But don't forget that more greed can even blow up your account.
Avoiding greed is a thing you can never achieve in forex market because we come in this market to make good money not just normal money.