why majority of traders lose money?

[umuneke44]

Being Impatient: Many day traders rush to book their profits or make trading decisions in a hurry which is one of the reasons why they make losses in intraday trading. Many traders book profits before deciding their price targets or stop loss

 

[cashisking86]

Failure to understand that it is a business and skill that needs to be learned and developed over years with practice and discipline.

 

[Charles Agustin]

Hitting upon plans roughly brings no benefit ultimately. Traders can’t do so that’s why they don’t get any return. There should be valid reasons behind taking every single step. So, drive your passion through the right track so that it becomes precious for you. There is no reason for falling from trading if the strategic approach is up to the mark. Eurotrader offers signals to traders so that they can benefit.

 

[AayushiShah]

Following are the points you can consider for the majority of traders to lose money:

• Forex traders can lose money if they aren't patient and do trading too aggressively, especially When a price moves in the opposite direction to the market.
• When you are new in trading, Your main priority shouldn't be gaining profits but rather not losing money that you already have.
• When you open a trade, you should stick with it for a while. Doubting yourself and switching back and forth nervously won't get you very far either.
• It's fine to recognize when you've been losing. In the worst-case scenario, be willing to cut your losses.

 

[Succesissure]

Impatient, lack of skills, emotionally issues, lack of price action knowledge and a lot want to make quick money

 

[desofm]

Poor trade management and risk management. And it often it's caused by not having your emotions under control and not following your plan (you must have one if you don't).

 

[pumlley]

Some lose due to greed and overtrading while some traders lose because they lack knowledge and skills. Impatient traders who don’t even bother to learn will only lose their money in the end. You must focus on becoming skilled in order to become profitable over time.

 

[Wordplay]

Lack of a decent initial starting capital and greed are the 2 main reasons why 95% of traders. Other reasons for forex losses are fear, lack of discipline, no idea on money management and risk management. Often traders start to go live without sufficient understanding about forex. It is not a good idea to open a live account without a strong foundation in learning, which also includes practising in a demo account.

 

[Quirky]

The main reason is their greed itself. They risk a lot without any strategy or plan and encounter huge losses. A forex trader should never be greedy and only aim to make consistent profits in the long run.

 

[Chatterbox]

No matter how hard a trader tries; if he fails at accepting the market as it is and doesn’t adapt to the changes, losses are obvious. You may have a proven strategy but if you don’t update it well in time, it will stop working too. Read news and take ideas from what other traders are doing to stay on track.

 

[Christine Ramon]

• Leveraged transactions can be to our advantage, but we should not increase the volume too much without knowledge and experience about these transactions. The greater the probability of gain, the greater the risk.
• When we do not know when to close the position at loss, we can keep the position open. In this case, most of our capital could melt away.
• It is very dangerous to act with sensations. When entering a position, one must be rational and planned.

 

[Plethora]

One thing is for sure that losing money is an undeniable truth of the forex market. But not every trader who loses loses because of the market being unpredictable. Some of them are not ready to adapt to the changing market conditions and don’t even want to make some changes in their trading strategies that may help them survive for longer in the market.

 

[5starfx]

Being Impatient: Many day traders rush to book their profits or make trading decisions in a hurry which is one of the reasons why they make losses in intraday trading. Many traders book profits before deciding their price targets or stop loss

The best approach to successfully Trading is to always calculate your risk and exit points before you open a trade. Sadly most traders only think of entry and forget about exit strategy.

 

[Bugaboo]

Many sources claim that more than 90 per cent of the traders lose money in the forex market. And it is true, sadly. It is because of the fact that traders do not have patience and discipline in trading. They do not pay enough attention to the fact that knowledge is necessary in the forex market. Lack of emotional control, risk management, and skills makes them lose money.

 

[Subfocal]

The majority of traders lose their money because they do not follow the proper steps to making trading plans. Some solely rely on indicators, some on bots, and some on news. This is not the way. You have to comprehend both the analysis parts to get a better prediction about the market and then trade. Some traders do not even form a trading strategy or a plan. They just take forex as a wheel of fortune and throw in their money.

 

[Asteism]

New traders are too influenced by the social media tips. Some of them make trades even before they have a precise trading strategy. As you will be spending your money, make sure that you do your own research.

 

[Odis1942]

Inadequate forex trading knowledge is the primary cause of loss in forex trading. Forex is a profitable business, but like any other job, you must first understand the basics before you can get started. Many people enter the forex market because they need quick money and are unwilling to learn for an extended period of time before beginning live trading. Demo account practise is available in the forex industry, and any newcomer must master it before moving on to live trading. Many forex traders practise with demo accounts for a few days before moving on to live trading, and such traders will continue to lose money in their trades.

 

[Citigrade]

It’s because a majority of people become traders after seeing the lucrative advertisements that tell them how easily they will be able to make money. For most of them, it’s too late before they realise the truth.

 

[Keeper609]

No patience, lack of knowledge. too much self-confidence often provokes unforgiving reactions in the market.

 

[Rams26]

Impatient, lack of skills, emotionally issues, lack of price action knowledge and a lot want to make quick money

i agree with you ,a lot of people want to make alot of money quick which therefore puts them in unnecessary pressure which leads to unplanned trades