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

[mlawson71]

As there isn't any restriction of trading from any side so anyone can enter in forex market and start making immediate trades. For this reason the number of inexperienced traders is huge. Also many use gambling style in their trading which leads to huge losses.

That is so true, unfortunately. I've always wondered why people like this don't just stop, step back and rethink what they're doing when they see it's not working.

 

[carnelian]

As there isn't any restriction of trading from any side so anyone can enter in forex market and start making immediate trades. For this reason the number of inexperienced traders is huge. Also many use gambling style in their trading which leads to huge losses.

 

[EuroTrader]

As there isn't any restriction of trading from any side so anyone can enter in forex market and start making immediate trades. For this reason the number of inexperienced traders is huge. Also many use gambling style in their trading which leads to huge losses.

I would say that we do not have to do gambling in our trading as that will increase the risks in our trades and we will not be able to get a good trading income

 

[kingsman]

It is because that they did not trade with proper planning and understanding, they join forex just try their luck and let the trade open as they think they will be lucky and resulted failed badly, it is the major reason due to which large number of beginner are failing.

 

[EuroTrader]

It is because that they did not trade with proper planning and understanding, they join forex just try their luck and let the trade open as they think they will be lucky and resulted failed badly, it is the major reason due to which large number of beginner are failing.

Yes that is right that we must be using a good trading plan as that will make us more better in the trading business

 

[bigdolly]

Traders lose because they trade on volumes which can easily wipe out their deposit if volatility is good. Its important to calculate daily trading volatility when choosing a lot size. If you trade without using SL and TP then its wise choose trading size which can use tolerate a drawdown of average volatility in a day (in pips)

 

[EuroTrader]

Traders lose because they trade on volumes which can easily wipe out their deposit if volatility is good. Its important to calculate daily trading volatility when choosing a lot size. If you trade without using SL and TP then its wise choose trading size which can use tolerate a drawdown of average volatility in a day (in pips)

Many traders are not able to maintain their trading accounts as they incur losses in their trading. It is very much important for them to get some good profits

 

[nahiyar]

Trader's loss is for many reasons Some of them loose due to lack of learning and experience. Even after good skills we can loose due to greedy trading. Managing accounts is a big challenge for traders they feel difficulty when they are facing live market.

 

[EURUSD]

Lack of knowledge and experience is almost reason why many trader fail, but not always although any trader already have long years experience hence they will become succesful trader, forex market that very dynamic movement and unpredictable and trader behaviour which they often reckless without discipline with obey rules trading also can being reason why they fail.

 

[downtrend]

Lack of knowledge and experience is almost reason why many trader fail, but not always although any trader already have long years experience hence they will become succesful trader, forex market that very dynamic movement and unpredictable and trader behaviour which they often reckless without discipline with obey rules trading also can being reason why they fail.

I agree with you, discipline is the key here. Many traders spend many years in market but still they lack discipline and lack the ability to make money from forex.