Why people lose money trading forex online

When people enter the foreign exchange market, their goal is to be successful and make profit. Despite the recent popularity of Forex trading in Nigeria, a lot of Nigerians are still skeptical about trading the forex market. This is majorly due to the (over exaggerated) risks involved in trading Forex. A good percentage of traders still smile to the bank as they cash out severally from the Forex market.Ever wondered why some are getting it right while some are getting it all wrong? Here are some of the core reasons traders lose money in Forex.1. LACK OF BASIC KNOWLEDGE ABOUT FOREX.A lot of peo…

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