Pip Anon. Quoting HedgeManager. most traders lose because they dont have enough money in accounts. I wholly agree. But it's not the money, I think, it's the leverage. People want big returns right now. Someone could take $500 and turn it into $1,000 in 12-months, but instead they wanna turn $500 into $50K in 12-months.
This is why most forex traders lose money and quit in the early months of their trading. It takes about 3 to 5 years for anyone to graduate with any professional course which more often than not forms the basis of one's lifetime career. For instance, statistics have it that only 1% of the labor force in Kenya earns Ksh.100,000 and above per
vCPlI.