General Ways where the people lose money in Forex Trading

Forex trading - like any new initiative - has a learning curve.

This is not a “get-rich quick” scheme...But obviously you can start earning with a little investment...when i say little i mean it....even with as little as $50.

But most of the people start with a good amount of investment, loose the money and later they will “Quit” the market.

Yes Currency Market has a huge potential and people are earning daily for their living...You can also achieve this ...But for sure this does not happen over night.

To me - "if you eliminate/minimize your losses, the profit will come automatically".

So we will try to discuss the why people lose money in Forex.

1.Less Trading Experience
2.High Expectations from mkt in your favour
3.No Proper Trading Plan
4.Lack of Discipline
5.Non inclusion Stop-Loss and Take-Profit
6.Utilizing High Leverage with out Risk Mgmt
7.Opening Too Many Trades at Same Time
8.Keep Losing Positions Too Long
9.High Spread Fluctuations
10.Greed

The explanations for each of the point will be posted soon.