mikeyjerou Posted June 13, 2012 Report Share Posted June 13, 2012 I would like to know the common reasons why forex traders lose money? Is it because they have a small capital or have a hard time making decisions? Quote Link to comment Share on other sites More sharing options...
shabz Posted June 13, 2012 Report Share Posted June 13, 2012 1. No trading Edge. No defined method or system. Lack of rules or poorly defined criteria. 2. Poor Money management. not assessing risk & position size correctly. Trading positions too large for the account size. Not understanding margin & leverage. 3. Poor psychology. Lack of discipline, Trading on emotions, impulsive & reckless behaviour. Gambling. All equally important, without having all 3 in place, it would be difficult to sustain trading for the longer term. tradershare and mikeyjerou 2 Quote Link to comment Share on other sites More sharing options...
mikeyjerou Posted June 14, 2012 Author Report Share Posted June 14, 2012 Thank you!! Newbies like me must avoid bad habits and continue learning to sustain trading.... Quote Link to comment Share on other sites More sharing options...
⭐ kaito kid Posted June 15, 2012 Report Share Posted June 15, 2012 1. No trading Edge. No defined method or system. Lack of rules or poorly defined criteria. 2. Poor Money management. not assessing risk & position size correctly. Trading positions too large for the account size. Not understanding margin & leverage. 3. Poor psychology. Lack of discipline, Trading on emotions, impulsive & reckless behaviour. Gambling. All equally important, without having all 3 in place, it would be difficult to sustain trading for the longer term. Nice sharing... These are the most reason why orex traders lose money Quote Link to comment Share on other sites More sharing options...
⭐ AndyS Posted June 15, 2012 Report Share Posted June 15, 2012 I know why I lose money: I DON"T KNOW HOW TO TRADE. :) Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.