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

erik59

Private, 1st Class
Messages
63
its lack of:
patience: people do not want to learn (at least most of them), it takes time to learn forex, several months,
you can't just open a live account and make huge trades:
discipline: There are MANY successful strategies out there but people don't have the discipline to follow the rules:
here below is my 2 cents:


What do you think?

Erik
 

fxoday

Master Sergeant
Messages
326
Lack in discipline indeed is the most case for making a mistake in trading, even this not for newbie, but sometimes as an experienced trader might be faced with such problem in a discipline manner, temptation by price movement and want to make a quick profit is one problem faced
 

luck13

Private, 1st Class
Messages
48
It's also because of high leverage which can be for good in some cases, but mostly not
 

kingsman

Corporal
Messages
195
New traders face difficulty to maintain discipline. Specially they change their way of trading frequently when are not able to make profits. Discipline problem can exist with experienced traders if they consciously not try to apply the trading plan. Reason for loss for most of the traders is having no practice and grip on trading.
 

sebking1986

Recruit
Messages
210
Having no grasp of risk management and jumping straight into the lion’s den without having done any demo trading either. The inevitably losing and spending what’s left of their bank chasing the loss
 

pezz55

Sergeant
Messages
134
chasing high risk trades with no risk managment and no long term game. building and growing as a trader is key and being able to grow and develop in the long game this is not gambling as you will always lose but playing the market and making informative decisions
 

fxoday

Master Sergeant
Messages
326
High-risk trading is harmful trading account because not always the market will move according our favor, how to maintain for long term trading is needed strict risk management and also use the appropriate position size
 

Stephen Paul

Private, 1st Class
Messages
63
Having no grasp of risk management and jumping straight into the lion’s den without having done any demo trading either. The inevitably losing and spending what’s left of their bank chasing the loss
Unfortunately lots of people learn the hard way.
 

Stephen Paul

Private, 1st Class
Messages
63
It is just as important to learn the risk management/discipline side of things otherwise you won't make it as a trader.
 
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