They're afraid to lose money in forex. that's all.
..In forex, there is no gain if you don't risk...
Hi, thanks for the feedback, really appreciate it
Do you think having an expert offer them straightforward advice on when to buy and when to sell would greatly alleviate this fear?
Anyway, I'm creating a site that combines the best of zulutrade, myfxbook and collective2, offering automatic portfolio tracking for forex/stocks/options/futures all on one site and allowing people to follow each other's trades seamlessly. However, I have noticed that while there are many people with accounts in the world, a large portion of them seem to be paralyzed by fear of loss or something, and I'm hoping to discover that and help them overcome it.
Thanks for the feedback, helps me gain greater insight
if they are risk averse, if they cannot comprehend the nature of forex, if they hate squiggly lines , or if they've experienced a huge trading setback.... then they ay not wish to trade.I've found the reasons people want to trade forex, it is tough for me to pinpoint what are some of the major reasons why people do not wish to trade forex. It is such a lucrative business, as you mentioned, and given its huge profit potentials, it should be very very attractive to everyone for that matter.
It is not necessary for traders to be on the edge all the time. Just like many things, there is a proper way to get into trading, but unfortunately most traders (including me) went through the "trading journey" using "poor routes/roads".I think the main reason is because people like stability, but in forex you must be always "on the edge" and that's the reason behind fear - risk aversion.