This may seem like a strange question, but I'm interested in how online retail (like you and maybe me if I can pluck up the courage) FOREX traders lose their capital. What are the pitfalls, common and uncommon?
On this subforum, others forums, and OF COURSE on the actual FOREX vendor websites, a rosy picture of easy gains seem to be painted. Seems like just following simple patterns in volatile pairs at appropriate times (opening times, major events / news stories etc etc). Do commission and taxes mean that only the exceptionally skilled or lucky earn much consistent clear profit?
IN SUM, how would I LOSE my money trading FOREX if i so desired?