What are the main causes of loss in Forex?

[Upoctin]

Losses in Forex can be due to various reasons such as inefficiency in trading, reliance on signals, trading aimlessly, trading with high risk, lack of trading strategy, lack of self-confidence, etc. Also, not doing market analysis while trading, not doing good money management, not doing proper monitoring while trading can also cause loss.

[gds221]

The reasons may be different, here it is more important to analyze them correctly. This will help prevent a loss for this reason in the future.

[Fenritilar]

It seems to me that the main reason I lose in the forex market is that it is not good enough preparation on a demo account, and therefore, when I started trading on Expertoption, I took the opportunity to practice on the free version of the demo account.

[gds221]

I believe that with this you need to be as careful as possible. It should be understood that losses are far from the most pleasant effect from a trader's work.

[ThomasFernandez]

From my experience the main causes of losses were entering into live trading to early without proper demo experience and lack of knowledge about forex.

[Viran]

I agree with you that the mistake of many is ignoring the demo account, and therefore I am very pleased that the managers of the Amarkets broker suggested to start with it.

[Rettan]

If you trade inattentively and do not notice the main thing - situations that can affect you can loss

[Rainflame]

Trading too much or too often is the most common reason traders fail.

[Vaabum]

The most important reason is that people often simply do not animate their mistakes. A banal analysis of errors could already help many.

[Vaabum]

In fact, there are an extremely large number of reasons for receiving losses in this industry, especially if you begin to analyze.

[boltushkin]

It seems to me that the main reason I lose in the forex market is that it is not good enough preparation on a demo account, and therefore, when I started trading on Hotforex, I took the opportunity to practice on the free version of the demo account.

[gds221]

I believe that the main reason for traders' losses is self-doubt. Most often, this very reason leads to the fact that the trader makes the wrong decisions.

[Gidencenti]

most of it falls on a low-quality broker on which traders are conducted, therefore I advise a reliable and high-quality option with the best conditions - Amakrets

[gds221]

The most common reason for mistakes is that the trader is not sure of his actions. In such cases, traders can often make the wrong decisions.

[Dora Wi]

A big percentage of unprofitable traders are going wrong in the area of trading psychology. We have a lot of biases and faulty thought processes as human beings and it is important to be aware of these and notice if your emotions are interfering with the trading process.

[Monaya]

Some beginners start their trading and choose a broker's trading accounts, not understanding how to work with them, and it is very convenient, as the Amarkets broker presents all the trading conditions that are registered on its website.

[e_abrams]

There are two main factors - trader ignorance and lack of experience and, according to financial regulator statistics, shady, unethical practices by brokers that lead to losses for traders.

[Vaabum]

There can be a lot of reasons for losses, it is more important to understand that these reasons should be taken into account and analyzed.

[jamante]

there is a lot oor reasons to loose, to many to enumerate to be honest, but lets put it simple as forex trading being a never ending process of learning, every day u learn something new,  i have traded 10 years with various brokers, longest with hotforex and i still think i lack a lot and continue to learn

[Vaabum]

Basically, the reason for the losses is that traders do not correctly analyze past mistakes and make them again.

[gds221]

The best tutorial for a trader is experience. Only through experience can a trader make the right decisions in the process.

[Gidencenti]

this concept can easily be attributed to the naivety of the trader himself as a beginner, because everyone hopes for easy money, which is not here, you can simplify your work only by working with a quality broker, such as Amarkets, an excellent option for both a beginner and an experienced trader, and fast payments will delight you every time

[Mirinael]

Study the examples of those who have already made mistakes and what influenced it in order to get around these moments in your trading.

[Upoctin]

1. Poor forex trading knowledge
2. Lack of good forex trading mindset

3. Poor trading Strategy
4. Trading with greed and emotions
5. Trading in high volumes
6. Trading large lot size
7. Using very high leverages
8. Trading in times of high Market uncertainties
9. Trading in times of high impact news without giving them consideration
10. Revenge trading after getting some series of losses

[gds221]

From my own experience, I can say that before you start working, you need to get enough experience. At least when I started working with a broker from Amarkets, I used the demo mode for this.