How do people lose money in Forex trading ? ( 10 points for best and serious answer )?



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How do people lose money in Forex trading ? ( 10 points for best and serious answer )?
I want to know about Forex trading (just for my knowledge )

I do not understand how 95 % people lose money ?

is there any given time that you can hold the currency ? or can you hold it for a long time(like 1 year ) (like stocks ) and sell it ?

if some one starts with $ 10 ,what is the maximum that he can earn from ONE DAY (assume that he is the best forex trader in the world) 😛 ?

Best answer:

Answer by Knowitall
$ 10 I don’t think is enough to do anything. You usually invest on margin, so with a small amount, you could make a larger amount.

Currencies don’t move too much in one day. If you think another currency will strongly rise in value against the USD, try to go to a bank and physically buy that currency. Check the price online before you go in so they bank doesn’t rip you off too bad.

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1 Comments


  1. InspectorBudget (November 14th, 2013 at 7:02 am)

    95% of Forex traders lose because they are amateurs with more hopes than skills. They play against seasoned professionals who have been doing this for a living over many years, equipped with the latest in news feeds, computers and algorithms.

    What makes you think amateurs have much chance of winning against them? there will be one or two here & there, but the vast majority will lose most or everything they invest.

    The $ 10 you mention is a rounding error in the trades of the professionals. You will need several thousand dollars to even start.

    Best to go and borrow some books on Forex from your library, and read them. You will be far more informed, and in a better position to succeed.


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