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Most people fail because
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Michihito

Member Since Jul 19, 2020  135 posts Michihito Oct 04 at 11:33
Most people fail because they don't know what they are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. Most small traders here are doing nothing but scalping.

UweMoench

Member Since Jul 19, 2020  149 posts UweMoench Oct 07 at 11:10
Yes the reason of failure is lack of knowledge and skills. Most people here open trade out of hope. They hope price will go this or that way. But to be profitable we need skills and control over our emotions.

GeorgeBischof

Member Since Jul 19, 2020  219 posts GeorgeBischof Oct 07 at 18:37
I think most traders lose their money in this risky market because of their low knowledge and experience.

ElliotCooke

Member Since Jul 20, 2020  218 posts ElliotCooke Oct 07 at 19:11
I think choosing the wrong broker is the main reason to lose the money by most of the traders in this market.

AliaDare

Member Since Jul 19, 2020  152 posts AliaDare Oct 08 at 22:45
Most people fail in trading because of their weak psychology. If psychiatry is weak, it is not possible to profit consistently. You have to trade according to the plan. Joining trading without a plan can lead to many problems.

rosellemunsays

Member Since Jul 16, 2020  14 posts rosellemunsays Oct 23 at 04:52
The reason why people fail could be because of their limited knowledge and experience. Other factors like getting scammed, choosing the wrong broker, investing a lot at first and overconfidence can also lead to their failure.

Brick_56

Member Since Apr 18, 2020  24 posts Brick_56 Oct 23 at 06:41
Lack of knowledge is one major reason. Also impractical goals can lead one to losses.

Michihito

Member Since Jul 19, 2020  135 posts Michihito Oct 23 at 10:14
@rosellemunsays A person got scammed it because of his lack of knowledge and greed. They become greedy by seeing unrealistic promise and give their money and got scammed. And also to choose a right broker we need knowledge.

Roberto21

Member Since May 02, 2019  319 posts Roberto21 Oct 23 at 10:14
if any newcomers dont use stop loss, of course he will fall a great loss , because without stop loss it looks a condition , a ship in an ocean without a rudder. so its your choice , take it or leave it.

TR4DEX

Member Since May 10, 2018  71 posts TR4DEX Oct 23 at 10:42
Most people fail because... Greed

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