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reasons why traders lose

  • #301
  • Jul 7, 2020 7:15pm Jul 7, 2020 7:15pm
I think Lack of knowledge is the main factor of loss in Forex and if a trader has no basic knowledge about Forex then how he can know to trade and how to follow the rules of Forex. So get education about Forex fist and then start trading.
  • #302
  • Jul 7, 2020 9:04pm Jul 7, 2020 9:04pm
i have always lost because i didnt have a solid strategy.
  • #303
  • Jul 9, 2020 3:13am Jul 9, 2020 3:13am
Quoting tradecode
i have always lost because i didnt have a solid strategy.
A sound trading pan or a strategy always work out. It helps you move systematically.
  • #304
  • Jul 9, 2020 8:27am Jul 9, 2020 8:27am
Quoting Dionmarx
{quote} A sound trading pan or a strategy always work out. It helps you move systematically.
Trading pan? Trading plan? Is that what you mean?
  • #305
  • Jul 9, 2020 10:36am Jul 9, 2020 10:36am
Most traders lose because they have a gamblers mentality. After a few good trades they get a false sense of security and start making mistakes. And when a losing streak inevitably comes the snowball effect kicks in and its all over.

Systematic approach is the best as it maximizes the profits and minimizes the losses. Without a strict system the variance is just too high and it leads to losses in the long run.
  • #306
  • Jul 9, 2020 4:24pm Jul 9, 2020 4:24pm
one mistake that i always make when trading manually is that i am hesitant to take a profit because i want to wait for more profit, but when it goes negative it scares me and i quickly close at a loss.

with automated trading, i do not have that problem.
  • #307
  • Jul 11, 2020 9:31am Jul 11, 2020 9:31am
Quoting tradecode
one mistake that i always make when trading manually is that i am hesitant to take a profit because i want to wait for more profit, but when it goes negative it scares me and i quickly close at a loss. with automated trading, i do not have that problem.
That's one of the important reasons for not choosing manual trading - it keeps one's greed in check.
  • #308
  • Jul 16, 2020 8:10am Jul 16, 2020 8:10am
right now most of the traders above all newcomers losing by means of trading gold pair , because no analysis. but some of traders also making profit also more and more.
  • #310
  • Jul 20, 2020 6:48am Jul 20, 2020 6:48am
Quoting mlawson71
{quote} Trading pan? Trading plan? Is that what you mean?
Typo. I meant plan only. Thanks for correcting.
  • #311
  • Jul 21, 2020 9:03am Jul 21, 2020 9:03am
Quoting Dionmarx
{quote} Typo. I meant plan only. Thanks for correcting.
Oh, right, yes, of course! I should have figured that out! Thanks for clarifying.
  • #312
  • Jul 21, 2020 11:05am Jul 21, 2020 11:05am
traders lose due to so many reasons , and most of the reasons almost same . and i have seen due to over trading in practical most of them faces losses.
  • #313
  • Jul 21, 2020 11:26am Jul 21, 2020 11:26am
when i was a new in trading it was really difficult to survive with low knowledge , i did huge huge losses above all when trading in news , fundamental knowledge was weak , for that reason i did lose. over trading i did more and more , lost almost $7000. its my history.
  • #314
  • Aug 1, 2020 9:01am Aug 1, 2020 9:01am
Tell me about it. Trading news was one of my biggest mistakes as a newbie.
  • #315
  • Aug 3, 2020 1:53am Aug 3, 2020 1:53am
Quoting AlexImam
traders lose due to so many reasons , and most of the reasons almost same . and i have seen due to over trading in practical most of them faces losses.
I agree. This used to be my case when i was new. Greed and over trading led to a blow couple of times.
  • #316
  • Aug 3, 2020 7:00am Aug 3, 2020 7:00am
pure greed, over excitement with big lot sizes and high leverage, doesn't work if you arre not well informed
  • #317
  • Aug 4, 2020 4:29am Aug 4, 2020 4:29am
Most of the traders lose their money because of making wrong plan. So, always be careful when you are going to make plans to make money from this market. Always try to make simple and profitable plans to make profit from this market.
  • #318
  • Aug 5, 2020 12:28pm Aug 5, 2020 12:28pm
Quoting Scotchbrown
{quote} I agree. This used to be my case when i was new. Greed and over trading led to a blow couple of times.
Quite often, the two most prominent reasons behind losing money in trading. Hope you are a more cautious trader now.
  • #319
  • Aug 9, 2020 12:50pm Aug 9, 2020 12:50pm
It is good that you have mentioned this topic of fundamental trading. I would absolutely not recommend to any beginner to trade on a news. Even highly experienced traders sometimes make mistake here because of market sentiment.
  • #320
  • Aug 10, 2020 1:44am Aug 10, 2020 1:44am
Quoting Deepak.Dubey
{quote} Quite often, the two most prominent reasons behind losing money in trading. Hope you are a more cautious trader now.
Yup. You only learn after a fall.
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