A few reason swhy most traders lose money so you won’t make the same mistakes. Trading uneducated. Trading takes knowledge, understanding and learned skills. The main reason why Forex traders lose money is because they fail to equip themselves with the educational tools they need to succeed. Not practicing. Some traders don’t practice trading or testing their Forex knowledge using demo accounts or Forex knowledge assessments before they begin risking their money in live trades. When you use these practice and assessment tools, you can better identify your strengths and weaknesses and re-educate yourself in those areas before you test drive your skills in the live market. Being dependent. Some traders choose to rely on others for the information they need to place trades instead of learning to identify beneficial trades for themselves. The problem lies in the source. The Internet is full of people who think they know what they are doing, but in reality, they may not. Also