Why new investors lose greatly in Forex?

[Potuse]

New investors in forex lose money. It is an established fact and based on statistics, it was known that 90% of new investors lose huge amount of money in forex trading and this could be as a result of inexperience. Share your thoughts.

 

[Planbizzle]

Due to the sophistication and danger involved in forex trading, novice forex traders run the risk of losing money. Because forex dealing differs greatly from the equity market, there is a significant chance that new traders will experience losses.

 

[Syldan]

Absolutely they lost alot of investment in forex maybe based on the fact that, they didn't followed the steps which may be involved to be successful or they lack the basic knowledge in forex trading.

 

[AruneBend]

New investors in forex lose money. It is an established fact and based on statistics, it was known that 90% of new investors lose huge amount of money in forex trading and this could be as a result of inexperience. Share your thoughts.

I completely agree that new traders usually don't know much about forex except that it is profitable for many people, but many people lose money because forex isn't easy as well as it's very riksy. There are a lot of ways to lose money when you trade forex, which is why you have to have skills to succeed.

 

[Abigael]

New traders truly lose so much money in forex trading. Even those who are successful now will tell you stories of how they lost when they were new. I guess it is because of lack of experience and that inability to use more than one strategy in trading. Also, most new traders don't take their time to learn and others assume that forex trading is just a gamble.

 

[Busybee]

It's important for forex traders to have a solid risk management plan in place to help mitigate potential losses. This can include setting stop-loss orders to automatically close out positions when a certain level of loss is reached, as well as carefully monitoring the markets and staying up-to-date on relevant news and economic events. It's also important for traders to approach forex trading with a long-term mindset and to not let short-term losses discourage them from continuing to trade. Successful forex trading requires discipline, patience, and a willingness to learn and adapt to changing market conditions.

 

[Mayorla]

Forex trading is actually very risky, so losses are bound to happen when it comes to trading Forex. Investors most time tend to lose when it comes to Forex trading because of lack of research from them.