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. For example, Forex brokers required to report on client losses under EU law usually report that between 60% and 85% of their clients are losing money. After experiencing personal success as a trader and seeing other traders be successful, I passionately believe that even though most traders lose money, this is not inevitable. Summary. 90% of traders lose money not because of the strategy they use or the mental challenges trading brings, they lose due to their lack of knowledge on how the forex market really works. If a new trader learned the 4 rules of the market before he began learning anything else within a short space of time he would be consistently profitable Although most forex traders in Rwanda will probably want to trade far more liquid currency pairs like EUR/USD, consider instead an example involving the RWF. Let's say your forex broker's Why do most traders lose money? The market volatility in trading is unknown to none. Day trading, one of the obvious ways to attract money, is popular these days. Of course, day traders make lots of money but lose it too. Most traders lose money for several reasons, some of which are discussed below. The total value of the forex industry is $2.73 quadrillion, up from $1.93 quadrillion in 2019. Daily global forex trading volume was $7.5 trillion dollars in April 2022, up from $6.6 trillion in 2019. Forex is the only financial market in the world to operate 24 hours a day and comprises over 170 different currencies. Why Do Most Forex Traders Lose Money? Here are some of the most common "symptoms" to watch out for.. 1. Getting out of positions too early - sign of fear. 2. Staying in positions too long - sign of greed. 3. Closing a position for a loss - sign of fear. 4. Not closing a losing position - sign of greed. 5. Jumping into a trend late - sign of Reasons Traders Lose Money. Uncommon knowledge holds that a large number of forex traders fail. The majority of forex traders lose money, according to a number of websites and blogs. Although many forex traders perform far better than that, novice traders still have a difficult time breaking into the market, according to the forex website's qMfhu.