Common reason why traders lose money ?

[maby81]

I believe that the main and prime reason is that many traders are not sufficiently prepared because they do not take the time to look up what is going on so as to make sound decisions. Trading, unlike what many seem to think is not liek gambling and so it is not just about luck. You need to be very wise in your decisions, and these need to be based on your insight and experiences. It is not possible to never make a loss, but at the end fo the day you need to learn from mistakes so as to lessent he number of times you suffer losses. And to do this you need time, experience, dedication and commitment,.

[rokerstario]

Wow, this is one of the best articles I've seen on the currency market. You have explained the basics perfectly. Thus, more and more people will be attracted to trading, and soon, it will become the main income for many. I studied the basics of trading for a long time here https://www.liteforex.com/blog/for-beginners/what-is-metatrader/mt4-vs-mt5/ and did not even understand how the currency market works, but such articles and posts on the Internet help to form an excellent opinion on this matter.

[Katrina]

The only reason a trader fails would be because they lack knowledge and skills that are required to survive in the Forex Market.

[Foget]

I agree with you completely. Many inexperienced traders blame brokers for this. But they are wrong. They are the only ones to blame.
I have been in the market for a long time and have traded with many companies and here PCM Brokers and ForexChief and FBS in many other companies. Sometimes I lost money and it was always me who was to blame.

[Katrina]

Some common mistakes day traders make are averaging your positions, not doing your research, over-trading, and following advice too much. These mistakes have resulted in losses for many day traders. About 90% of day traders lose money on day trades.

[Foget]

Yes, most traders have the same errors. The reason for these errors in most cases is psychological instability