Why do many people lose money trading in the financial market? - Study24x7
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22 Jul 2022 10:32 AM study24x7 study24x7

Why do many people lose money trading in the financial market?

Banking
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  • Dev kumar

    • In trading people lose money because of the following reasons-
    ·They start trading with the intention of making money right away, but their first year should be spent learning the ropes and forming the proper trading mind-set.
    ·They have no patience whereas in trading you need to be very patient.
    ·Without any expertise, they trade with all of their funds and finally lose everything they have. They should begin by investing very little cash.
    ·They are unsure of the reasoning behind why they are making that specific trade. They deal in the dark.
    ·Prior to learning the market, they should focus on creating a lucrative and tested trading system.
    ·They just engage in gambling and do not handle trading like a business. However, trading is a serious endeavor.
    ·They don't size positions and manage risks properly.

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    Reply 25 Jul 2022 06:44 PM
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