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If you ask an expert, they’ll probably give you a technical explanation. Something along the lines of: “most forex traders fail because they are undercapitalized compared to the size of their trades”.
They might add something about greed. Perhaps they’ll say that being more interested in controlling a lot of money leads to bad financial decisions.
But, what does this mean, really?
Well, first let’s start with what it doesn’t mean. Although it’s an explanation you’ll often find on the internet (usually from people who lost money in forex), it’s not that forex is rigged, or that the broker was cheating.
Now, of course, there are some unscrupulous people out there, as in every line of business. But this does not explain why even a significant number of people, let alone most, lose money in this industry.
What’s Really Going On
OK, let’s tackle that ̶...
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