Why does some young forex traders loose a lot?

[Starmix]

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.

If I'm only brave I do gamble but I'm scared of losing my hard earned money. Better be safe than sorry.

 

[Mikky]

If I'm only brave I do gamble but I'm scared of losing my hard earned money. Better be safe than sorry.

Gambling was never my thing but I do take some moves risky which are doesn't work out for me so for now I have abstain totally from gambling as a whole as you have said earlier its is better safe than sorry.

 

[Starmix]

@Mikky , that is a very good decision. It is not good to gamble our hard-earned money and it will be benefited by someone else.

 

[Mikky]

@Mikky , that is a very good decision. It is not good to gamble our hard-earned money and it will be benefited by someone else.

Exactly, gambling is just like you enriching someone at your own loss which is not proper as all. I can't use my hard earn money to gamble again not even when I have 90% chance to win but if it's a free money I won't mind.

 

[Suba]

The greed factor causes many losses, because they have not been able to control themselves optimally, after all they like to over trade.

 

[Bisolami]

Before rushing into any thing perfect planning is meant to be placed to a head but most young trader's plan are greedy with next to no patience some always start with the aim of gaining ×2 on first trade.

I think it is a result of greediness. Some of them want to make a huge money with a single trade

 

[uptrendfinancialsignal]

Young forex trader loses money because they lack experience.

 

[Reedex]

The major reasons why most of the forex Traders I'm the business lose a lot of money is because they do not have enough experience about how to trade in the forex market.

 

[Niyi Briggs]

It is greed that's the sponsor of so many losses people suffer both in forex and other things. You would see something that looks too good to be true. You would still go in. How can one expect to cash out double earnings in the first trade?

 

[Bisolami]

Apart from the fact that they do not have much experience, a lot of them are greedy and greedy traders are more likely to lose.

 

[eldavis]

Most young traders tend to loose a lot simply because they do not take time out to learn all there is about trading. Trading requires lots of practice and not all traders have the patience to do so.

 

[flower]

Lack of experience would make young forex Traders lose a lot of money and greed is also part of it.

 

[Springtime]

A lot of young forex traders have unrealistic expectations on the return. They lack the patience, experience and knowledge doing this kind of high risk investments. They should start small and seek the advice of experts.

 

[AruneBend]

When I started, I also lost money. I guess it's not a surprise that many started losing money. They are impatient and think you can get money easily with forex. After all, with this midset, you won't last long.

 

[flower]

The lack of adequate experience would make young forex Traders to lose their money.