why most peaple fails in forex?

India
May 11, 2011 2:09am CST
we know that forex is good way to make money and i recently discovered that it's legal and i also discovered that 95% people fails and loss their money in forex why it happens...!
3 responses
• United States
13 May 11
I wouldn't trust Forex if I were you. I've tried signing up for that website and they said that I had to be 18 to work with them. But, I am 18! This was back in October 2010. To the contrary of what you're saying about it being legal, I found out from a website called squidoo that it's really a scam. I can also assume that the reason why 95% of the people on this site fail at making money because the stock market is all about gambling. Even if you are a professional stockbroker, there is still a chance that the odds are against you and that you might not make any return on what you invested in. It's very risky business.
@petersum (4522)
• United States
11 May 11
Basically it's gambling. But where you should in theory have a fifty fifty chance, in forex you have much poorer odds due to manipulation by bankers, traders, and crooks. It certainly isn't suitable for the home investor!
@CJscott (4187)
• Portage La Prairie, Manitoba
11 May 11
95% of people fail in any business venture. For pretty much the same reasons. Lack of knowledge, and lack of a desire to learn. At least that is my humble opinion.