Most people lose money in trading because they do not have proper knowledge about trading. I imagine from myself that when I trade, I trade completely depending on luck because I do not have much experience in trading. Due to not having much experience, I have to leave my trading completely to luck. And by leaving it to luck, you can never make much profit in a trading platform. However, I have not entered the futures trading platform yet. I entered the spot trading platform and traded there for a few days and I made some profit there, after which I made a huge loss which I have not been able to recover till now. However, most people lose money in futures trading platforms due to using high leverage and not having proper trading experience.
Yes, most people do that. Nowadays, most people start trading without having a proper idea about trading, motivated by watching some videos and they think that within a few days they will make a lot of profit and become rich, but the reality is completely different. I have seen many people who have lost money from trading, one of them is my cousin with whom I went on a trip and at that time he traded futures and after a while I noticed that his smile was no longer like that, he was completely upset. Later I asked him, then he said that he had lost about $ 300 while trading futures. Later he prayed a lot so that he would not lose his capital, but in fact, the matter does not depend entirely on prayer. In fact, very few people who trade have the right idea or the right knowledge about this. So since it is a financial matter, we should all have the right idea while trading.