1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

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

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

  1. EuroTrader

    EuroTrader Sergeant Major

    Joined:
    Aug 31, 2015
    Messages:
    1,017
    Likes Received:
    36
    It is true that we can get a good and reliable income from trading but then what is more important for us is how we are going to manage our trades :)
     
  2. nahiyar

    nahiyar Private, 1st Class

    Joined:
    Jul 30, 2011
    Messages:
    684
    Likes Received:
    35
    Trade management is a skill that makes us a good trader. When beginners enter in this business they just think of profit not manage trades accordingly . If go through proper steps in trading take suitable risk and manage it on time they can be a good earner of forex business. Without management they can be a looser.
     
  3. EuroTrader

    EuroTrader Sergeant Major

    Joined:
    Aug 31, 2015
    Messages:
    1,017
    Likes Received:
    36
    We have to learn and manage our trades in such a manner that we are getting a good income from them and then only we will become a successful trader :)
     
  4. nick.bern

    nick.bern Recruit

    Joined:
    Apr 9, 2016
    Messages:
    9
    Likes Received:
    1
    Definitely not enough experience and bad choice of broker!
     
  5. EuroTrader

    EuroTrader Sergeant Major

    Joined:
    Aug 31, 2015
    Messages:
    1,017
    Likes Received:
    36
    If we will be trading with the use of a good ECN Forex broker then we will have the opportunity of earning a good income also :)
     
  6. nahiyar

    nahiyar Private, 1st Class

    Joined:
    Jul 30, 2011
    Messages:
    684
    Likes Received:
    35
    Success is on traders performance in trading . Funds management ability of a trader helps a lot to gain profits. If some one wants to avoid losses he should make a plan for trading where he could manage trading and capital accordingly.
     
  7. EURUSD

    EURUSD Sergeant Major

    Joined:
    Mar 3, 2015
    Messages:
    1,120
    Likes Received:
    44
    Maybe yes, but I think also another reason, forex opened for everyone, but not everyone will suitable with forex, if skill trading always poor hence also will easily to get failure, maybe my self as example lol
     
  8. EuroTrader

    EuroTrader Sergeant Major

    Joined:
    Aug 31, 2015
    Messages:
    1,017
    Likes Received:
    36
    It is what we have to understand that trading in the Forex markets is not suited to all types of traders and those traders who are not being able to earn anything in the business must not risk their investments at all :(
     
  9. Froso@FXNET

    Froso@FXNET FxNet.com Representative

    Joined:
    Nov 22, 2013
    Messages:
    395
    Likes Received:
    11
    Beginners are looser because they are fail to manage risk in trading , Having less experience of market analysis. They need practice to make earning in forex market . Just open a live account will not bring profit until they not use their amount carefully.
     
  10. EuroTrader

    EuroTrader Sergeant Major

    Joined:
    Aug 31, 2015
    Messages:
    1,017
    Likes Received:
    36
    Many of the traders who are actually newbie do not have any idea about what types of trades they are doing and this is also a reason for their failure in this business in the long run :(
     

Share This Page