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

Discussion in 'Beginners Bootcamp' started by cowmadagan, Jan 12, 2010.

  1. JamesForexSlayer

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    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.
     
    Alex Bainbridge likes this.
  2. AlecR

    AlecR Private, 1st Class

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    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.
     
  3. JamesForexSlayer

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    Yes people definitely think it is a get rich quick scheme....but as i said probably because of all the marketers selling it as so.
     
    momo3HC likes this.
  4. Citaub

    Citaub Recruit

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    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
     
  5. JamesForexSlayer

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    Also because the bottom line is that Forex trading is hard!
     
    Matty, Petezaa, RachelEB and 4 others like this.

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