Trading Discussion why do people loss easily when trading with forex

funmi

Verified member
Many people believe that crytocurrency is more easier and flexible than forex trading. Though forex as been existing many decades before the advent of cryptocurrency, still forex still look so hard to learn to me. Some years ago, I tried to study it and learn about it but eventually,I later got tired because it bored me a lot and the amount of money I invested later got lost because I was cut out of the trade when my money became exhausted. But I noticed that cryptocurrency is not like that, if your lot is small and if you invest into a smaller coin, you can never be cut out of trade. More so,you can find a way to get out of the market instead of watching all your money to just go away like that. Another thing I noticed is that it may take someone many months to learn how to trade on forex before you become an expert but in cryptocurrency, it didn't take me months at all to learn how to start trading. Even while you are trading you learn in the process. You can be studying it and then making money at the same time. But this is not so on forex. So why is it so difficult with forex unlike cryptocurrency.
 

Sotherefore

VIP Contributor
Those people that are losing so much in forex trading actually did not take time to learn all the basics and fundamental analysis that is used in predicting the volatile market, most New digital traders are not patient enough to learn all what a takes to trade the volatile market.
 

Sotherefore

VIP Contributor
Well a lot of people who are trading developing markets sometimes are always too greedy, cryptocurrency trading is one of the things that I've been making with to loss in trading,we should always try as much as possible to take a little profit we have made no matter how the market look promising
Because we cannot predict what will happen next.
 

Kingsley

Valued Contributor
One of the fundamental problem of people that makes losses in the trading of forex or even crypto is the lack of technical know-how, some people take a deep dive into the market without having the slightest of knowledge about what forex is all about all because they get information about a friend who has made a fortune from forex. Then greed is another problem.
 

funmi

Verified member
I believe people loss on forex because forex seems to be more complex than cryptocurrency. Forex requires learning and training before someone can dabble into it. Many people loss in forex because it is not as flexible as cryptocurrency is. More so, one needs professionals to train you before investing your Monet.
 

Dita Walczak

Verified member
Most traders lose because they do not have a trading plan. If a trader tries to make a profit without plan and discipline, he cannot do anything without loss. Many traders cannot survive in the forex market by trading for a long time only because of a low mentality. I think if a trader trades with the right education, he will never lose.
 

Jack Reacher

Verified member
Forex trading is hard and complex, especially for new traders. However, it is easy to learn about trading. There is a lot of trading information available on the internet. You can easily learn from it. Much individual and instruction provide free and paid courses for learning to trade. However, I prefer my broker Eurotrader free course for learning forex trading.
 
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