Why do 80-90% of beginner Forex traders lose ALL of their money?

AlecR

Corporal
Messages
81
I think people believe it will be easier than it is(maybe down to marketers making them believe this). They then don't put the hours of study in that is required to win long term.
That is not the case, most of newbies want to get rick quick and they take full account risk in a single trade. The account has to be blown in a single spike and they quit forex saying it is scam.
 

Citaub

Recruit
Messages
28
I think that each experienced trader would be certain that reasons for loss on market can be various. One of them might be luck of knowledge, another is luck of skills, there is also wrong perception of market moves, bad strategy... the list is really long
 

JungleTrader

Private
Messages
13
Also they give the impression the fancier the charts ie the more indicators used the better .
PA is often played down in favour of the newest hippest indicator
 
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