Many people are interested in overseas forex trading, butthey seem to be very anxious after hearing stories of people suffering huge losses or losing all their money in an instant.
"What kind of people fail at overseas forex trading?"
"Is it possible to lose a lot of money and end up in debt?"
"Is it true that 90% of people lose money?"
Certainly, if you start trading overseas forex without the correct knowledge,The risk of losing a huge amount of money in an instant with high leverageThere are some. However, there are clear patterns to failureBy understanding the cause and taking countermeasures, you can avoid most major losses。
In this article,a professional with 10 years of experience in overseas forex trading will thoroughly explain eight common mistakes and patterns of major losses that actually occur, along with countermeasures, using official statistical data. Whether you are just starting out or already trading, check to see if you are making the same mistakes.
Conclusion | Key points of failure and major losses in overseas forex trading
- A public survey revealed that the number one reason for losses in FX trading was"failure to cut losses" at 56.5%(Financial Futures Association of Japan, 2018 survey). The majority of failures were not due to high leverage itself, but ratherto failures in cutting losses and money management.
- The three basic countermeasures are: "Limit losses to no more than 2% of your capital per transaction," "Always set a stop-loss order," and "Keep your effective leverage low."
- overseas and domestic forex trading is that overseas forexhas a zero-cut system, meaning you won't incur debt. However, your account funds aren't protected, so understanding common pitfalls is essential.
*This article was created by the MoneyCharger editorial team in accordance with their content creation policy , based on publicly available information from the Financial Futures Association of Japan, the National Consumer Affairs Center of Japan, the Financial Services Agency, etc. (as of August 2026). The content presented does not guarantee any specific investment results. For precautions regarding the use of overseas FX brokers, please also refer to the publicly available information from the Financial Services Agency , and for consumer troubles , please refer to the publicly available information from the Consumer Affairs Agency .
If you're new to overseas forex trading, we recommend reading the Complete Guide for Overseas Forex Beginners . The overall reasons why people say "don't do it" or "it's not recommended" are explained in " Why Should I Not Invest in Overseas Forex? A Thorough Explanation of the Risks ."
8 Real-Life Failure and Huge Loss Patterns in Overseas Forex Trading
There are typical patterns of failure in overseas forex trading that have been reported repeatedly . Let's first look at eight patterns of failure and major losses that have actually occurred.
- With high leverage at full, stop-loss is triggered instantly
- Unable to cut losses, holding onto losing positions → being eroded by negative swap points
- Overtrading and averaging down lead to increased losses
- Turning into gambling based on bonuses
- Unknowingly violating the terms of service → Withdrawal refused and profits forfeited
- Misunderstandings about deposit and withdrawal rules lead to confusion and the inability to withdraw funds
- The emergency additional payment was not made in time, resulting in a complete loss
- Unscrupulous businesses and bankruptcies lead to loss of funds
Pattern 1. Use high leverage and instantly cut your losses
A typical example of a major loss in overseas forex tradinginstantaneous stop-loss due to high leverage.
With leverage of 1,000 times or more,even slight price movementscan lead to rapidly expanding losses, potentially wiping out your capital in minutes. Let's look at some specific figures to see how this can happen.
| conditions | Content |
|---|---|
| funds | approx. $625.00 |
| transaction | I hold 6 lots (600,000 units) of USD/JPY with 1,000x leverage |
| If it goes in reverse | A reversal of approximately $0.00 (15 pips) resulted in a loss of approximately $562.50, causing a sharp drop in the margin maintenance ratio and triggering a stop-loss. |
A 15-pip movement in the USD/JPY pair can occur in just a few seconds to a few minutes during economic indicator announcements.If your prediction is wrong, you could lose everything in a single trade. If you use the same lot size you're used to with 25x leverage in domestic FX, you'll be stopped out in an instant.
The golden rule of overseas forex trading is to use high leverage strategically, not to "recklessly hold large lots," but to "safely increase capital efficiency with a small amount of margin." For more details, please see " The Complete Guide to Leverage in Overseas Forex Trading ."
Pattern 2. Unable to cut losses, holding onto losing positions → being eroded by negative swaps
According to official surveys, the number one reason for losses in FX trading"inability to cut losses" (56.5%)(Financial Futures Association of Japan, 2018 survey; details below).
If you leave a losing position open with the hope that it will recover someday (holding onto it), you'll face further problems in overseas forex trading.most instruments have negative swap points for both buying and selling, costs are incurred every day, and your margin is depleted daily.
As a general rule,swap points are tripled on Wednesdays (depending on the instrument and broker). If the accumulation of negative swap points becomes large, it will significantly reduce the margin maintenance ratio when combined with unrealized losses, and will lead to a stop-loss unless the trend reverses.
This is a mistake that can be prevented by deciding on a stop-loss position and placing a stop-limit order before entering a trade, and by checking the swap rate beforehand if you plan to hold the trade for the medium to long term
Pattern 3. Overtrading and averaging down lead to increased losses
"The ' position-holding syndrome , ' where you feel uneasy unless you're always holding a position," and "averaging down," where you keep buying or selling more of a losing position , are classic patterns that lead to huge losses .
The more you make trades without a basis, the more spread costs accumulate. Averaging down"While the average acquisition cost decreases, the position size increases, accelerating losses when the market moves against you."Averaging down in a high-leverage environment will cause you to lose your margin at several times the normal speed.
In the aforementioned survey by the Financial Futures Association, the second most common cause of losses was "making trades with weak justification" (37.7%)
One solution is to establish rules such as, "If you can't give one reason for entering a trade, don't trade," and "Averaging down is prohibited except for planned, staggered entries."
Pattern 4. Becoming a gambling trade reliant on bonuses
The attractive features of overseas forex trading, such as account opening bonuses and deposit bonuses, can, if misused,lead to gambling-style trading with full leverage, as people might think, "It's just a bonus, after all.
A classic example of this is the "beginner's luck trap," where you win once with a bonus, but then lose again by repeating the same trade with your own money. The proper way to use a bonus is to use it as a buffer (cushion) before your losses are cut off
The correct way to use bonuses is explained in detail in " 6 Ways to Use Overseas Forex Bonuses "
Pattern 5. Unknowingly violating the terms of service → Withdrawal refusal and profit confiscation
Reports of "withdrawal refusal" seen on social media (X: formerly Twitter) include not only malicious refusals by brokers, but also cases of withdrawal refusal or account freezing due to "violations of terms and conditions" by traders.
- Hedging across multiple accounts
- Arbitrage (hedging) between different brokers
- Extreme trading strategies that target only gap openings and gap closings
- High-speed scalping with large lot sizes
- Fraudulent use of bonuses
The actions described above are prohibited by many companies,and unknowingly violating them can result in significant losses such as profit confiscation or account freezing. Therefore, checking the terms of service is essential. If you are unsure whether you have violated the terms, please contact customer support.
The rules for hedging are explained in detail in " Rules prohibiting hedging with overseas FX bonuses ."
Pattern 6. Misunderstanding of deposit and withdrawal rules leads to confusion and the inability to withdraw funds
Deposits and withdrawals with overseas forex brokers are not as simple as the "quick deposits and withdrawals" offered by domestic forex brokers. Particular attention should be paid to the rules regarding "anti-money laundering." As a general rule, you can only withdraw the amount you deposited through the same route you used to deposit it.
- Deposit via credit card → Withdraw deposit amount via credit card
- Deposit via payment service → Withdraw deposit amount via payment service
- Deposit via bank transfer → Withdraw deposit amount via bank transfer
Image of overseas forex withdrawal rules
After withdrawing your initial deposit, you can choose your preferred method to withdraw any profits.If you don't understand this rule, you might panic and think, "My withdrawal was rejected!"
Before using a service provider, be sure to check what withdrawal methods are available
Pattern 7. Emergency additional deposits were not made in time, resulting in total loss
With overseas forex trading,deposit methods and processing times vary from broker to broker. A common scenario is that additional deposits may not be made in time when you're on the verge of a stop-loss.
Generally, overseas forex brokers use online payment services such as bitwallet for urgent deposits and withdrawals. However, what is the main deposit method for one broker may not be supported by another, or may be temporarily unavailable due to maintenance.bank transfers, which are often the most reliable method, can take several days to be reflected in the account for some brokers.
The fundamental solution is to research the payment methods and processing speed of the vendor you plan to use in advance, and to avoid having a trading volume that would require additional deposits in the first place
Pattern 8. Funds are lost due to unscrupulous businesses or bankruptcy
Finally,the loss of funds due to problems on the broker's side,.
The Financial Services Agencywarnings to over 400 unregistered companies located overseas(as of July 2026), and the National Consumer Affairs Center has received numerous complaints about fraudulent companies that lure people in with sweet promises like "you will never lose money" and then disappear after receiving their deposits (consultations related to FX increased by approximately 1.5 times in fiscal year 2023 compared to the same period of the previous year).
Furthermore, at the end of May 2023, GEMFOREX, a popular broker in Japan,suddenly ceased operations, effectivelygoing bankrupt. After serious delays in withdrawals, the business was transferred to Galaxy DAO, but the assets held by customers were retained, and the successor, Galaxy DAO, also ceased operations, withall communication cut off.
Reference:
Beware of solicitations by unregistered overseas companies - Financial Services Agency
suspends FX service "GEMFOREX" - J-CAST Trend
Most problems can be avoided by checking the financial license and operational track record (see "Choosing a Broker That's Less Likely to Fail" below). For information on how to deal with withdrawal refusals, please see " Summary of Withdrawal Refusals in Overseas Forex Brokerage ."
Of the eight patterns, patterns 1-4 can be prevented by "your own trading rules," patterns 5-7 by "understanding the broker's rules," and pattern 8 by "choosing the right broker." In other words, the majority of major losses can be avoided with prior knowledge and preparation
How many people fail at FX trading? Is it true that "90% lose money"? [Statistical Data]
You often see the phrase, "90% of people lose money in FX trading," butin reality, there is no official basis for this figure in Japan. Let's take a look at the publicly available primary data.
| investigation | result | Nature of the survey |
|---|---|---|
| Financial Futures Association of Japan (2018) | 60.3% of people made a profit over the year; 39.7% made no profit (including approximately $0.00). | of 1,000 people with FX trading experience (self-reported) |
| ESMA = European Securities and Markets Authority (2018) | 74-89% of individual CFD accounts experience losses | Analysis of real account data by EU national authorities |
| French AMF (2014) | 89% of 14,799 individual investors experienced losses over a four-year period, with an average loss of approximately 10,900 euros. | Actual account trading data (2009-2012) |
While a Japanese survey showed that 60% reported profits, European authorities' data on actual accounts shows that 70-90% experienced losses. This difference is"differences between self-reported data and actual data," "differences in leverage regulations," and "differences in the data collection period,"and neither should be taken at face value.
What's noteworthy is the cause of the losses revealed in the Japanese investigation .
| Causes of the losses | Response rate |
|---|---|
| 1st place: Unable to cut losses | 56.5％ |
| 2nd place: Made trades with little basis | 37.7％ |
| 3rd place: Cutting losses too early | 28.5％ |
In other words, the biggest cause of failure is not the accuracy of market forecasts, but ratherthe elements you can control: "stop-loss" and "the rationale for trading." In the next chapter, we will discuss how to systematize these two elements.
References:
Survey on the actual state of financial literacy among foreign exchange margin trading customers - Financial Futures Association of Japan
(ESMA) agrees to prohibit binary options and restrict CFDs - ESMA
Six money management strategies to prevent huge losses in overseas forex trading
Based on failure patterns and statistics, the measures to prevent major losses can be summarized into the following six points
- Limit losses in a single trade to within 2% of your capital (the 2% rule)
- Always set a stop-loss order
- Managing effective leverage
- Try it with a small amount plus a bonus
- Understanding the zero-cut system correctly
- Lower transaction costs with cashback
1. Limit losses in a single trade to within 2% of your capital (the 2% rule)
A globally recognized standard in money managementthe 2% rule, which limits losses in a single trade to within 2% of the account balance.
With a capital of approximately $625.00, the acceptable loss per trade is approximately $12.50. You determine the "lot size" and "stop-loss range" by working backward to stay within this range. If you adhere to the 2% rule,even after 10 consecutive losses, approximately 80% of your capital will remain, structurally preventing irreparable losses.
2. Always set a stop-loss order
The most reliable solution to the number one cause of losses, "inability to cut losses" (56.5%),to place a stop-loss order at the same time as entering a trade, thereby automating the stop-loss process.
The idea of "I can just turn it off manually later" is something that 56.5% of people fail to do when the time comes. It's important to create a system that eliminates any room for emotion to get in the way
3. Manage effective leverage
Even with an account offering a maximum leverage of 1,000x,you can control the actual leverage you use (effective leverage).
Effective leverage is calculated as "total position value ÷ account balance". If you have approximately $625.00 in funds and hold 10,000 units of USD/JPY (approximately $0.94), your effective leverage is 15 times.The true use of a high-leverage account is to "perform the same trade with less margin," not to hold lots that fill your margin to the maximum.
4. Try with a small amount plus a bonus
As a beginner, your win rate won't be consistent, so it's essential to start with a small amount that won't affect your life if you lose it
With overseas forex trading, you can gain practical experience while minimizing the risk to your own capital by taking advantage of account opening bonuses and deposit bonuses . Use bonuses as a buffer for your margin, not as seed money for gambling.
The latest bonus information is compiled in the " Overseas Forex Account Opening Bonus Comparison Ranking "
5. Understand the zero-cut system correctly
The zero-cut system, adopted by most overseas forex brokers,a mechanism that resets your balance to zero even if a sudden price fluctuation prevents a stop-loss order from being executed in time, resulting in a. In other words,with overseas forex, you will never incur losses (debt) exceeding your initial deposit.
However, it's important not to misunderstand that zero-cut only protects against "negative balances," anddoes not protect the funds you have deposited into your account. Trying full leverage because "it won't result in debt" is exactly the same as the failure described in Pattern 1.
The zero-cut and margin call mechanisms are explained in detail in " Explanation of No Margin Calls (Zero-Cut) in Overseas Forex Trading ."
6. Reduce transaction costs with cashback
Overseas forex trading has wider spreads than domestic forex trading, so the more you trade, the more the costs put pressure on your profits. This is whereusing cashback sites comes in handy, as a portion of the spread is returned to you in cash with each trade.
Even if a trade results in a loss, you can still receive cashback,effectively lowering the transaction cost andacting as insurance to mitigate the damage in case of failure.
\Get a portion of the spread back with every trade/
The advantages of overseas forex trading – why it's chosen despite the risks
Despite the risk of failure, overseas forex trading is used because it offers decisive advantages and safety features that domestic forex trading lacks
High leverage exceeding 1,000 times
The biggest advantage of overseas forex tradingthe leverage of 500 to 2,000 times. This offers a level of capital efficiency unattainable with the 25x leverage of domestic forex trading, allowing you to try serious trading even with a small amount of capital.
When used correctly, high leverage allows you to "perform the same trades with less margin," meaning you can reduce the amount of capital exposed to risk
Generous account opening bonus and deposit bonus
One of the attractions of overseas forex trading is the margin bonus, which is not available with domestic forex trading . While the bonus itself cannot be withdrawn, any profits earned through the bonus can be withdrawn as cash.
Many brokers offer no-deposit account opening bonuses for new accounts , and 100% or 120% deposit bonuses when you do make a deposit. This allows you to gain practical experience without spending any money or to use it as a buffer for your margin .
Zero-cut system (no margin calls, no debt)
And the most crucial point is thatthe zero-cut system ensures that you will never incur losses (debt) exceeding the amount you deposit.
During the Swiss franc shock (2015), many domestic FXtraders were unable to execute stop-loss orders in time, resulting in large margin calls (debts). Because domestic FX laws do not allow for margin call exemptions, this situation remains unchanged.
With overseas forex trading, while your account balance could drop to zero,avoid debt due to margin calls. The clear limit—that you can only lose up to your initial deposit—provides significant peace of mind in terms of risk management.
For more detailed information on the differences between this and domestic FX, please see the article below
How to Choose an Overseas Forex Broker That's Less Likely to Cause Problems: 5 Checkpoints
To avoid failure pattern 8 (unscrupulous businesses/bankruptcy), be sure to check the following five items when choosing a service provider as a "safety measure."
- Financial Licenses and Company Information: Check if the license number and address can be found in the "Company Profile" section of the official website. Do not use companies that cannot provide this information.
- Operating history and group companies: The longer a company has been in operation and the larger its customer base, the less likely it is to survive providing substandard services. Whether group companies hold rigorous licenses such as those from the UK's FCA or Cyprus' CySEC is also a factor to consider.
- Customer fund management methods: Segregated accounts are a minimum requirement. Trust protection, liability insurance, and membership in the Financial Commission provide even greater peace of mind.
- Service Transparency: Brokers that disclose real-time spreads and execution data are more trustworthy.
- Social media reviews and reputation: Search X (formerly Twitter) for "company name + withdrawal refusal" to check the quantity and content of negative reviews.
Detailed verification procedures for each item and safety rankings are explained in " Safety Ranking of Overseas Forex Brokers ." For information on how to interpret financial licenses, please see " Explanation of Financial Licenses for Overseas Forex, " and for details on trust protection and segregated accounts, please see " Trust Protection and Segregated Accounts for Overseas Forex ."
The key to avoiding mistakes is to assess the reliability of overseas forex brokers from various angles, including their financial licenses, operational track record, fund management methods, and customer reviews
Recommended overseas forex brokers with high security
Here, we introduce five popular overseas forex brokers that meet the five checkpoints mentioned above and are known for their high level of security
HFM: A leading global FX broker with over 15 years of experience
| Service Name | HFM (HF Markets) |
| Operating company (establishment) | HF Markets (SV) Ltd (founded in 2010) |
| Financial License | Saint Vincent and the Grenadines |
| Group company's financial license | Cyprus Securities and Exchange Commission, Republic of Mauritius, Republic of Kenya, Seychelles Financial Services Authority , Dubai Financial Services License, UK (Financial Conduct Authority) License |
| Customer fund management methods | Segregated Management Membership in the Financial Commission |
| Official website | HFM |
HFMwas founded in 2010 andconsidered a long-established company in the FX industry. Its services for Japan are operated under a financial license from Saint Vincent and the Grenadines. It holds multiple licenses and is a major player with a global presence.
With over 15 years of experience and holding highly competitive UK licenses , HFMthere are virtually no negative rumors about it is highly regarded for its reliability. In addition to its long track record, . It also enjoys high recognition domestically and is widely used by users ranging from beginners to advanced players.
HFM's Recommended Features
HFMOne of the best things about is that they host a wide variety of limited-time events and campaigns
Normally, there's a 20% deposit bonus. Once a month, a 100% deposit bonus is offered, with a maximum of approximately $187.50 to $250.00
HFMIf there's one drawback tothe spread is a bit wider. However, this drawback can be turned into a cashback benefit by using the partner cashback sites.
HFMA detailed review of can be found in " HFMReviews and User Feedback Summary "
Get great deals with cashback!
FXGT: An overseas forex broker attracting attention for its cryptocurrency and bonuses!
| Service Name | FXGT |
| Operating company (establishment) | GT Global Ltd (2019) |
| Financial License | Seychelles Financial Services Authority (FSA) |
| Group company's financial license | South Africa Financial Sector Action Authority (FSCA), Vanuatu Financial Services Commission, Cyprus Securities and Exchange Commission |
| Customer fund management methods | Separate Management Liability Insurance Coverage |
| Official website | FXGT |
FXGTisa new type of overseas forex broker that offers a wide range of cryptocurrencies. Although it was established in 2019 and has a relatively short track record, it has offices in four countries and has obtained a license from the Cyprus Securities and Exchange Commission, which has strict requirements.
As a pioneer in combining generous bonus campaigns with a cryptocurrency exchange,a popular choice in Japan.
FXGT's Recommended Features
through segregated management and liability insurance. Comprehensive Japanese language support is also available, and the company is highly regarded for its prompt responses.
New account holders receive a margin bonus of $70 (approximately $62.50) with no deposit required . First deposits receive a 120% bonus , more than doubling your margin.
FXGTA detailed review of can be found on " MoneyChat'sFXGTIntroduction Page "
Get great deals with cashback!
AXIORY: Strong in narrow spreads and fast execution!
| Service Name | AXIORY |
| Operating company (establishment) | Axiory Global Limited (2011) |
| Financial License | Belize Financial Services Commission (FSC) |
| Group company's financial license | A card processing company established and licensed in Cyprus. |
| Customer fund management methods | Segregated accounts, trust protection, and fund management by third-party auditors who are members of the Financial Commission. |
| Official website | AXIORY |
AXIORYoriginally was established in 2007 as a company specializing in financial system and IT infrastructure design , and in 2011, FX service, which leverages its unique IT technology,AXIORY was launched.
It is one of the few brokers that employs trust protection and is also a member of The Financial Commission, which mediates dispute resolution in FX services. It is also characterized by its high level of transparency, publishing real-time spread and execution data
AXIORY's Recommended Features
lies in its expertise in financial systemsAXIORY. 's strength It has earned the trust of FX traders with its industry-leading narrow spreads and lightning-fast execution
In 2025, they received the "Best Value Broker Award." They also offer cTrader, which is suitable for scalping
AXIORYFor a detailed review of , please see " AXIORYReviews and User Feedback Summary "
Get great deals with cashback!
XMTrading: Top-class popularity among Japanese traders!
| Service Name | XMTrading |
| Operating company (establishment) | Tradexfin Limited (2009) |
| Financial License | Seychelles Financial Services Authority (FSA) |
| Group company's financial license | Mauritius (FSC) |
| Customer fund management methods | Separate management |
| Official website | XMTrading |
XMTradinga highly trusted, large-scale, and long-established broker in Japan, enjoying immense popularity. Its major attractions include high leverage of up to 1,000x and a long history of operation without any negative reputation for "withdrawal refusals."
The spreads are somewhat wide, and you should be careful about negative swaps on certain stocks. You can aim for efficient trading by choosing an account that suits your trading style, such as the Standard account which is eligible for bonuses or the low-cost KIWAMI account
XMTrading's Recommended Features
the most popular overseas forex broker among Japanese traders, and its greatest strengths are its unwavering popularity and solid reliability.
New account openings come with a bonus of approximately $93.75 with no deposit required. Deposit bonuses are 100% up to a maximum of $500
If you're unsure which broker to choose, I recommend trying XMTrading's no-deposit bonus first . You can start overseas forex trading without any of your own funds
For a detailed review of XMTrading, please see " XMTrading Reviews and Testimonials "
Get great deals with cashback!
TitanFX: Excellent trading environment and a proven track record!
| Service Name | TitanFX |
| Operating company (establishment) | Titan FX Limited (2014) |
| Financial License | Vanuatu (VFSC) |
| Group company's financial license | Seychelles (FSA), Mauritius (FSC) |
| Customer fund management methods | Segregated Management Membership in the Financial Commission |
| Official website | TitanFX |
TitanFX, established in 2014,a popular broker with over 10 years of experience. It utilizes Equinix's data centers, among the world's largest, located near Wall Street in New York, enabling high-speed order execution.
It is characterized by its strong support from short-term traders such as scalpers and day traders
Recommended features of TitanFX
numerous Liquidity Providers (LPs) around Wall Street in New York, the world's largest financial center. You can expect some of the fastest execution times.
We don't usually offer flashy bonuses, but we do occasionally provide cashback campaigns
TitanFX is a broker for those who prioritize a good trading environment and is recommended for those who want to trade efficiently with favorable execution prices
A detailed review of TitanFX can be found in " TitanFX Reviews and User Feedback Summary "
Get great deals with cashback!
Frequently Asked Questions about Failures and Big Losses in Overseas Forex Trading
If I lose a lot of money trading overseas forex, will I end up in debt?
No,with overseas forex brokers that have a zero-cut system, you will not incur losses (debt) exceeding your deposit amount.
Even if your balance goes into the negative due to sudden fluctuations, the broker will bring it back to zero. However, the funds you put into your account are not protected, so fund management is essential. If you are struggling with debt caused by FX, please also refer to " Summary of FX Debt Problems "
What percentage of people fail at forex trading?
According to an official survey conducted in Japan (Financial Futures Association, 2018),60.3% of respondents made a profit during the year, while 39.7% did not make a profit (including approximately $0.00).
On the other hand, data from European authorities (ESMA) shows that 74-89% of individual CFD accounts result in losses. While there is no official domestic data claiming that "90% lose," research has revealed that the biggest cause of losses is "failure to cut losses" (56.5%)
Are there any tips for avoiding huge losses in overseas forex trading?
The basic principle is to limit losses in a single trade to within 2% of your capital and to set a stop-loss order at the same time as entering a trade
Furthermore, by reducing the effective leverage and using bonuses as a cushion for margin, you can reduce the risk of losing your own capital
What should I do if my withdrawal is refused by an overseas forex broker?
First, check the terms of service and withdrawal rules to ensure there are no violations.Most withdrawal rejections are due to failure to follow the withdrawal rules (such as withdrawing using the same method as the deposit).
Investigate the cause yourself before contacting support. Detailed troubleshooting steps are explained in " Summary of Overseas Forex Withdrawal Rejections ."
Who should avoid overseas forex trading?
This is not suitable for people who seek stable asset management in a legally guaranteed environment, or for those who cannot adhere to stop-loss rules
The complete reasons why people say "stay away from overseas forex trading" are explained in detail in " Why don't I recommend overseas forex trading? A thorough explanation of the risks ."
What happens to taxes in the year of failure and resulting losses?
Unlike domestic forex trading, losses from overseas forex tradingcannot be carried forward to subsequent years. Furthermore, careful calculation of profits and losses is necessary, especially if profits made during the year are offset by losses by the end of the year.
For more details, please see " Losses in Overseas Forex Trading and Tax Filing " and " Overseas Forex Tax Guide (Supervised by a Certified Tax Accountant) "
Summary: Knowing the patterns of failure and taking countermeasures can prevent huge losses
There are clear patterns to failures and huge losses in overseas forex trading, and most of them can be prevented by "systematizing stop-loss orders," "managing funds using the 2% rule," "understanding the broker's rules," and "choosing a safe broker."
Official surveys show that the number one reason for losses is "inability to cut losses" (56.5%), indicating thatfactors you can control yourself,, are what determine success or failure. Take advantage of the zero-cut system that eliminates debt risk in overseas forex trading, and start trading systematically while avoiding common mistakes.
Furthermore, opening an overseas forex account is more advantageous through "Money Charger (Manecha)," which offers cashback for every trade. Lowering trading costs is also a valid strategy for avoiding losses
