What are the major causes of failure in forex trading

[Immilash]

That's true, if you are a newbie in trading you'll like to start up with a demo account, if you are practicing it will help you to have good experience on what you are doing.

That's true, Demo accounts will help you to gain a lot of things, some people don't really understand this, they think demo account are waste of time, that's not true.

 

[Agbalagbaa]

That's true, Demo accounts will help you to gain a lot of things, some people don't really understand this, they think demo account are waste of time, that's not true.

That's true, if you are good at using demo account you are going to have a lot of experience on trading, trading with demo account is very important,a lot of people don't like demo accounts.

 

[Immilash]

That's true, if you are good at using demo account you are going to have a lot of experience on trading, trading with demo account is very important,a lot of people don't like demo accounts.

That's true, a lot of people don't know the secret of trading demo account, if you are paper trading you'll have a lot of experience on different things, I'll advise you to be doing that.

 

[Agbalagbaa]

That's true, a lot of people don't know the secret of trading demo account, if you are paper trading you'll have a lot of experience on different things, I'll advise you to be doing that.

That's true, such kinds of people ended up losing a lot of money because they don't know what they are doing, if you know what you are doing you are going to enjoy it.

 

[Grant]

I imagine people rushing into it is the big problem. SO many people hear ways of making money, and they try to rush it in order to make a fast living. But it's not as cut and dry as people think. Forex trading isn't for everyone either, and it can be a risk to invest in on top of it all. You really need to know what you're doing before you invest.

 

[Immilash]

That's true, such kinds of people ended up losing a lot of money because they don't know what they are doing, if you know what you are doing you are going to enjoy it.

That's true, knowing what you are doing is very important in everything you are doing, if you don't know what you are doing you are not going to earn a dime, you need to understand this.

 

[Agbalagbaa]

That's true, knowing what you are doing is very important in everything you are doing, if you don't know what you are doing you are not going to earn a dime, you need to understand this.

That's true, if you don't know what you are doing I don't think you can even earn money, a lot of people are not getting this thing right, you need to have a good mindset.

 

[Alisco]

The major reason why many crypto currency traders fail is because of greed, impatient and lack of proper orientation on how to read and calculate bid and point on the scale.

 

[eenya00]

Lack of knowledge of how forex trading works is one particular reason why newbies keep loosing money.
Some people think of forex as a quick money scheme where they can make money as fast as possible not knowing that it is more complicated than that.
That is why it is necessary to acquire adequate knowledge and skills before trying forex.

This should be the major culprit of losing as a forex trader, not having adequate knowledge and also hallucinating about the profit you can make from forex which would lead you to losses

 

[Genie01]

The common reasons for failure in forex trading is basically due to the impulsiveness to make money real quick .
It had made may subject themselves to gambling.

 

[eenya00]

I think one of the reason people get to blow their accounts is the greed to make it big. Forex trading is a marathon and not a sprint. You can't start with a small equity and expect to make so big profits thats more like using an ant to swallow an elephant.

This is also a very huge cause of people blowing off there account because at some point in time, greed would definitely set in which would kill your chances of making it.

 

[Immilash]

That's true, if you don't know what you are doing I don't think you can even earn money, a lot of people are not getting this thing right, you need to have a good mindset.

That's true, if you don't have a proper mindset in trading you are going to be a failure, having a good mindset helps us to gain a lot of things in trading.you need to have a good mindset.

 

[Agbalagbaa]

That's true, if you don't have a proper mindset in trading you are going to be a failure, having a good mindset helps us to gain a lot of things in trading.you need to have a good mindset.

That's true, if you don't want to fail in trading you are expected to have the knowledge and the mindset, Those two things are going to help you very much.

 

[Immilash]

That's true, if you don't want to fail in trading you are expected to have the knowledge and the mindset, Those two things are going to help you very much.

That's true, having a good knowledge of trading is the first thing you need to work on, if you don't know what you are doing you are going to blow your entire trading account.

 

[Agbalagbaa]

That's true, having a good knowledge of trading is the first thing you need to work on, if you don't know what you are doing you are going to blow your entire trading account.

That's true,a lot of people are blowing their trading account because they don't know what they are doing, if you a trader you you need to have a good trading psychology.

 

[Immilash]

That's true,a lot of people are blowing their trading account because they don't know what they are doing, if you a trader you you need to have a good trading psychology.

That's true, a lot of traders don't have a good trading psychology that's why most of them ended up losing a lot of money, not only that having a good mindset is very important.

 

[Ofonime6]

Sometime people dont just conduct series of analysis like fundamental and technical analysis they will just jump into trading at the end of the day they will just loss everything so I beleive that seriously loss is part of the market but you must use stoploss and take profit to do so.

 

[Agbalagbaa]

That's true, a lot of traders don't have a good trading psychology that's why most of them ended up losing a lot of money, not only that having a good mindset is very important.

That's true,if you have a good mindset in trading it's going to help you a lot in terms of gaining success,a lot of people don't understand the secret of having a good mindset.

 

[Genie01]

The major cause of failure in trading business is basically starting out without knowing anything and without the necessary experience. Forex is a skill and can be learnt.

 

[Immilash]

That's true,if you have a good mindset in trading it's going to help you a lot in terms of gaining success,a lot of people don't understand the secret of having a good mindset.

If you don't have a good mindset you are not going to be successful, a lot of people are failures because of this same reason, we all need to be very careful with things we do.