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

EuroTrader

Sergeant Major
Messages
1,031
When a newbie sees big profit made by a guru trader, he also tries to follow him. The reality is that guru trader has reached that level after a lot of hard work, whereas newbie tries to gamble his money in order to gain more, this is the reason why mostly fail and lose money.
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 :)
 

nahiyar

Private, 1st Class
Messages
746
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.
 

EuroTrader

Sergeant Major
Messages
1,031
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.
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 :)
 

nahiyar

Private, 1st Class
Messages
746
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 :)
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.
 

EURUSD

Sergeant Major
Messages
1,133
Definitely not enough experience and bad choice of broker!
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
 

EuroTrader

Sergeant Major
Messages
1,031
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
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 :(
 

Froso@FXNET

FxNet.com Representative
Messages
395
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.
 

EuroTrader

Sergeant Major
Messages
1,031
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.
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 :(
 
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