Reasons for 95% losers in Forex!

skyinvest

Trader
Oct 8, 2019
2
0
6
33
Ukraine
skyinvest.online
Greed is the worst enemy. I lost my deposit this year just because I wanted to gain more and more and started to trade on Christmas holidays... If I would wait for a couple days I would earn more. But I lost while I was trying to make just +1% of profit:D:D
 

DT77

Active Trader
Feb 24, 2019
316
47
44
56
Greed is the worst enemy. I lost my deposit this year just because I wanted to gain more and more and started to trade on Christmas holidays... If I would wait for a couple days I would earn more. But I lost while I was trying to make just +1% of profit:D:D
Bad time to trade that...
 

Petez_FX

Active Trader
Aug 13, 2019
98
29
34
32
1. No patience
2. Fall for scams
3. Use EA's with high return, but they always fail.
4. Lack of education.
 

SymphonyTrading

Active Trader
Sep 9, 2019
41
5
34
Fear and Greed! But mostly fear...In any market even in life.... Fear of taking losses and fear of taking profits. Fear of taking losses because most people are afraid to take that initial small loss which usually turns into a much bigger loss. Been there, done that... Fear of taking profits because most people will take a small profit in fear it will disappear instead of having patience and discipline to trade the plan. The net result is bigger losses and smaller winners, If you do the math you will never be successful. It's just human nature... but that's why God gave us a brain and free will so we can discover these things and just flip it around.
 
Jan 8, 2020
4
1
14
48
Lack of understanding of how market works, poor risk management and emotional trading. Most trader blow their accounts in days or even hours. Lack of discipline as well, and lack of patience. Traders go live earlier than they're ready.
 

Zack King

Active Trader
Mar 4, 2019
130
28
44
for me it is about mental state, I paniced when trading manually, so prefer EA trading, without my stupidity being involved.
this is interesting. i am the opposite. i prefer manual trading. i feel so out of control with EAs.and have you used the same service or keep switching EAs or you build them yourself? sorry for so many questions
 

Justinansa

Trader
Mar 3, 2020
9
9
9
34
Ireland
this is interesting. i am the opposite. i prefer manual trading. i feel so out of control with EAs.and have you used the same service or keep switching EAs or you build them yourself? sorry for so many questions
I prefer automatic with manual. for example, copy trading an individual. I think there are different types of EAs. some tend towards failure over time like the martingale one.
 

Daath

Trader
Apr 5, 2020
25
1
9
37
People who come to the stock exchange do not have their own strategy, their own vision of a trading strategy, or their opinion.
 

Glossy

Trader
Aug 2, 2021
63
11
24
34
Poland
If all traders who make money wrote about this, there would be more traders in the world.
 

toibit

Newbie
May 7, 2022
20
1
3
39
I think one of the main reason why people lose money is due to the aggressive advertising by brokers fooling you that trading is simple to learn.
 

HeavenLeighGill

Active Trader
Aug 5, 2021
389
35
44
28
Hearing the statistics is depressing and intimidating, especially for those that are only considering becoming a trader. I think a large percentage of that number comes from people that get the wrong idea about trading (typically from gurus, guaranteed signals, mentors, shiny broker websites), etc. so they set out thinking they'll get rich quickly. When the reality sets in, I think a lot of them just abandon the concept of trading and move on to the next idea. With that considered, there could be more successful traders if more people put their minds to it.
 

Goldbarrel

Trader
Aug 19, 2022
12
4
9
31
Many people lose money on Forex, but many know how to make money.
To learn how to trade you have to follow experienced traders closely.