Reasons Why Trader Loose Money In Forex

The foreign exchange or forex trading is called with an average trading volume of two trillion dollars the world's largest financial market, and still lose about 90 percent of forex traders money. There are of course many reasons.Six of the main reasons are:


first problem for currency traders is simply to discipline. Their fear and greed, they can forget all the good intentions and strategies, and therefore suffer losses even the most disciplined. They lack objectivity towards the market situation and therefore they sometimes have to plug in even larger losses. 


2nd Forex traders lose money because they use too much leverage (leverage). While you can achieve gains with borrowed money in the great bull market gains, which is also true, if the strike bears, then you lose on the same scale.  The lever works in both ways.


3rd  forex traders lose money because they do not document their trades properly and systematically. 
Most of them also lack an effective money management, which in time could save them from excessive losses. 


4th currency traders lose money because they have no proper training or advice from an experienced Forex traders  or have never been trained. There are many who are tempted to get rich, as amateurs enter the forex trading by hope. But hopes and dreams of wealth can never replace the price of a quality education. To achieve success, one must first develop the necessary skills. 


5th forex traders lose money because they lack analytical skills. Let's be honest. Not everyone is an analyst or financial accountant. While hard work and a disciplined approach can help an incredible amount to be successful, you have yet to have a basic knowledge base to help industry to understand the forex market. 


6th forex traders lose money because they do not have adequate forex trading systems and automatic Sortwares.These tools save you time. There are many tools on the market, but make sure that you will decide not only for automatic and semi-automatic