Why does some young forex traders loose a lot?
- Thread starter Mikky
- Start date
That is what I am afraid of. I am still hesitant to trade despite attending partial trade training. There is fear of losing my money for the advantage of others who are expert winners and losers
- Thread starter
- #4
Some folks can be really lucky but it's rare for a greedy and unskilled fella not to loose big here, it's obvious though .
Lol. It's normal for trades to loose it's more like a motivation to win and learn more, I know loosing isn't a pleasant experience but still it's necessary at times especially in situations like this.That is what I am afraid of. I am still hesitant to trade despite attending partial trade training. There is fear of losing my money for the advantage of others who are expert winners and losers
- Thread starter
- #7
It's not greed entirely but some are not yet good with the ropes or are not good at all so the rushed in only to get tangled in the ropes. If you can learn your way then trading with big amount will not be a big problem.
Thanks to your practicality but if always experience losing, better quit. Those young and new traders are so aggressive to win not minding of the other circumstances, that's why the lost focus.
But check it mate anyone that rush into any money making things without studying it first is a greedy.The person is driven by greed.
You get it, anyone that's after only what you can get from a system without studying to know how it works is a greedy person that's the truth
They are committing suicide. Money no matter how much one has if not properly managed, the person may surely become broke.
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- #13
It's a normal rush to run in aggressively but with time they will learn or better still quite.lol. you are right about this though, if lose becomes constant in a trading history there shouldn't be anyone to one the person to quit.
If you ask me again I will still say it's not entirely greed. Some where driven by their peers, like they felt oppressed by there colleagues making huge from trading.
Trading is the hardest way to make easy money. It needs a lot of patience, practice and knowledge. Start of small. That way you can be able to see your mistakes. Also always use the demo as practise, even if it takes you months just keep practising until you understand the ropes. all these people making a killing on forex took time to learn and they have also lost too..
- Thread starter
- #15
I like that"trading is the hardest way to make easy money" and that's the real truth a single trade can turn things for good and also a single trade can do the opposite. Forex is just like an endless course, you keep learning new things daily.
You are right sometimes friends do push one into what they don't understand and in bid to belong you would comply and lose money
I agree with your point of view, they're exploited. They're happy on this. They never care about the aftermath of their actions m
Definitely that's the truth when once you are not managing your money properly you would always be broke.
They're just too excited to win. On their mind, the target amount to bring home only to land to dismay, zero winning all losing. It's good for their wrong speculations.
- Thread starter
- #20
I would have been a victim but I was broke enough to apply common sense.lol.
You really sound funny there but it's the truth, many have made this mistake and more will still make it . that's just life here , it can't be stopped.