So, how many people actually succeed in Forex? The exact number is difficult to say, but estimates range from 5% to 10%. This means that the vast majority of Forex traders lose money. Reasons Why Forex Traders Lose Money Befriending the Market. The market is not something you beat but something you understand and join when a trend is Low Startup Capital. Most currency traders start out looking for a way to get out of debt or to make easy money. It is Failure To Manage Risk. A study by the U.S. Securities and Exchange Commission of forex traders found 70% of traders lose money every quarter on average, and traders typically lose 100% of their money within 12 months. A The trading volume of the top ten forex trading services accounts for 66% of all forex trading done globally. With a daily average volume of $22.68 billion, IC Markets is the largest online forex trading platform. 91.5% of US forex traders are male, and only 8.5% are female. Between 72% and 84.60% of online forex traders lose money. Samantha Silberstein The forex market is the largest financial market in the world, with more than $5 trillion traded on average every day. However, while there are many forex investors, few There are many reasons why traders can lose money in forex, but some of the most common reasons include: taking on too much risk, not having a plan or strategy, not understanding the market, and not managing their emotions. While it is possible to make money in forex, it is important to be aware of the risks and to trade accordingly. MetaTrader 4 is the most popular online forex trading platform in Canada, delivering a breadth of tools while being easy-to-use and reliable. However, most FX traders lose money. New traders should enter the forex market aware of the risks and should not invest more than they can afford to lose. Further Reading. Best CFD Brokers In Canada Why do most people lose money on forex? The reasons for this are actually quite clear; as many traders don't actually understand the forex market, they make the same mistakes time and time again. In our opinion, most traders lose money because they simply have no real grasp of the big picture . Most brokers calculate leverage using a ratio of dollars in your account versus dollars you can trade with. For example, the most commonly-used leverage ratio in forex is 1:100. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. When trading Forex, pick two or three currency pairs and make sure they don't correlate. For instance, even if one pair goes up, that still means one of the trades is d7XBNy.