Why do people loose their money in Forex trading?

[Aanuoluwatofunmi]

Many are not aware of the needs to learn on how to trade, they think its by a mere doing, in everything that we do, we should always think about the risk that might be involved in it, because if it had been that easy, everyone would have been involved in doing forex, but with that being said, some are still struggling to manage earning their living while trading forex even with the little they ear from it.

[PX-Z]

I might be late to reply here but ..

Forex trading in our society has gone viral because it is a crypto trading platform...

They are different, crypto trading are different in forex.

The question is why do people loss their money in forex trading?
 forex trading and casino gambling?

Because it's trading, if you don't know you're doing, tools, knowledge, decisions, you will keep on lossing.

What are the Major differences between forex trading and casino gambling?

There is a higher chance you will earn profit in trading (forex, stock, crypto) if you the skills and knowledge on how to do it, while betting on casino gambling is based on your luck and have a higher chance of lossing there.

[Flavour]

Forex trading in our society has gone viral because it is a crypto trading platform, many people go into trading because of seeing how others earn and make money from it.
The question is why do people loss their money in forex trading?
Most people argue that there is no difference between forex trading and Casino gambling.
What are the Major differences between forex trading and casino gambling?

Funny how a lot of my friends who gamble ask me this question. There is a a difference but if we look closely it seems like there is no difference.

[Asiska02]

Forex trading in our society has gone viral because it is a crypto trading platform, many people go into trading because of seeing how others earn and make money from it.

Forex trading is different from crypto trading. They are both been traded but they have their different and you can’t call a forex trader a crypto trader and vise versa. Crypto traders are only trading cryptocurrencies against dollar while forex trading involve other assets that are not in the category of cryptocurrency.

The question is why do people loss their money in forex trading?
Most people argue that there is no difference between forex trading and Casino gambling.
What are the Major differences between forex trading and casino gambling?

People lose money in trading because of greed, FOMO and lack of knowledge of the market. Having the lack of knowledge of the market is one part you must first know and then further develop your risk management strategy in order to be a profitable trader. As a Forex trader, when you have the right knowledge, you’ll become profitable and 90% success rate in all your trades while as a gambler, your wins will always come from luck which cannot be thought or learned. So they are two different things.

[Mia Chloe]

Forex trading is different from crypto trading. They are both been traded but they have their different and you can’t call a forex trader a crypto trader and vise versa. Crypto traders are only trading cryptocurrencies against dollar while forex trading involve other assets that are not in the category of cryptocurrency.

Right on point and I believe that people that make such mistakes are those that don't trade either of them. And aside from that Forex trading has been a thing for far longer compared to crypto trading which became a thing this digital era. And aside from that the Forex market has a far higher liquidity compared to the crypto market.
Both of them have their differences and similarities however most times especially for the case of meme coins the crypto market can be way volatile compared to some slower and less volatile pairs in the forex market.

[albon]

I believe that in forex trading, there are more losses than profits. This loss calculation starts when any of your entries goes against the market trend. Many times the amount of this loss increases so much that it becomes more difficult to maintain the trading account and the final result is balance stop out. But in many cases this may not be the case as market trends are always changing. It is normal that the trend will change anytime and you also have to keep up with this changing trend. The biggest cause of loss in trading is lack of adequate knowledge about the subject matter of trading so it should be strengthened earlier.

[rachael9385]

It only takes good prediction to oversee forex trading, and I know when I watched a show called big brother naija they used forex trading as one of their tasks and I really paid a good attention at what they were doing though it was very hard to understand but I still enjoyed the fun but after the game we saw that the person always going for cheap things was announced the winner with the highest profit made then she was asked how she got the good strategy to oversee other players, she only said that she has an experience in trading and she also calculated carefully as that is one of the keys to make profit in forex trading.

But for me forex trading and casino gambling there is no difference the both requires staking.