mikeyjerou Posted June 13, 2012 Report 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
shabz Posted June 13, 2012 Report 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. mikeyjerou and tradershare 2 Quote
mikeyjerou Posted June 14, 2012 Author Report Posted June 14, 2012 Thank you!! Newbies like me must avoid bad habits and continue learning to sustain trading.... Quote
⭐ kaito kid Posted June 15, 2012 Report Posted June 15, 2012 shabz said: 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
⭐ AndyS Posted June 15, 2012 Report Posted June 15, 2012 I know why I lose money: I DON"T KNOW HOW TO TRADE. :) Quote
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