Why do Forex Traders Lose Money

[devis77]

As was said many many times, greed must be in top 3 reasons for loosing. You will trade until you loose everything. For now I am doing my best to be very careful with my cash, but the income is not impressive at all. So I fear that at some point I will start risking more. The idea for me, is to become as experienced as possible and learn as much as you could before start taking big risks.

[KhanB]

I believe the reason that %90 of traders can't win because they don't realize that trading forex (or other financial instruments) is a professional business. Whoever thinks they will be successful by reading forex basics, eventually fails.

[mingbao]

Very good analysis, generally speaking, one trader must be prepared with not only knowledge but also mentality before steady growth in the forex investments.

Only by these, the trader can develop his own trading strategy, remember that successful trading need a commitment over a long time, so one should be disciplined to avoid the human weaknesses.

[alexflemj]

Very good sum up of what forex trading actually is.