You need to know when to open and close a deal, when to buy and when to sell in order to trade. Knowledge is important, but you learn better from experience. The market can be harmful unless one understands how it works. Failure to predict the course. Exchange rates are always in motion: they either fall or rise, so you need to deal with them at the right time. Lack of a mentor or an incompetent mentor who doesn't understand the business well. Beginners need mentors especially, as it is difficult to find them otherwise. Failing to follow up on the case throughout the day. Some people will open the deal and leave, but you need to wait for the right time, so people work from mobile devices, iPads, or laptops to stay connected to the computer. Due to psychological stress. Buying and selling can lead to losses if a person is gambling or unable to react calmly to a transaction. Just be more selective in how you help other people.

Losses in forex trading can be attributed to various factors, often stemming from inadequate risk management and market understanding. Firstly, traders may fall victim to emotional decision-making, allowing fear or greed to drive choices instead of a disciplined strategy. Insufficient knowledge about the forex market, including economic indicators and geopolitical events, can also lead to losses. Overleveraging, or using excessive leverage beyond one's risk tolerance, poses a significant risk. Additionally, traders might neglect setting stop-loss orders or fail to adhere to them, exposing their capital to unnecessary risks. Lack of a well-defined trading plan, poor timing, and inadequate analysis contribute to losses. Successful forex trading demands a comprehensive approach, emphasizing education, disciplined execution, and robust risk management practices.