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.
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.
Oct 07 2020 at 18:37
I think most traders lose their money in this risky market because of their low knowledge and experience.
Oct 07 2020 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.
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.
Oct 23 2020 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.
Lack of knowledge is one major reason. Also impractical goals can lead one to losses.
@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.
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.
Oct 23 2020 at 13:32
The major reasons for a failure is overconfidence or the lack of knowledge.
Oct 23 2020 at 23:13
Facts
Oct 26 2020 at 07:35
Most people fail because they lack knowledge and don’t feel it important to improve their skills.
Many factors can cause a trader to lose money. Probably all have already been listed. And each of them has the right to be. Here and greed, inexperience. Even experienced traders lose money. And someone just has no luck. The main thing is not to forget about the stop loss, and try to get as much knowledge as possible.
Nov 03 2020 at 11:01
Lack of knowledge is the main reason people fail. All the resources you need are online and free to learn but many people are too lazy to read and do the work. It is no surprise that they then fail
Nov 03 2020 at 12:45
Many people fail due to the lack of control on emotions
Nov 04 2020 at 01:15
Most people fail in trading because greed works among them. And these traders have less ability to maintain emotion and discipline.
Gracewilson1995 posted:
Many people fail due to the lack of control on emotions
Agreed. Emotions just overpower your thoughts and doesn't let a trader think with much logic and precision.
Nov 04 2020 at 07:04
failure is only due to lack of ambition and focus. Traders usually want to get hefty returns within a short time span, they invest too much, blow out their account and loose everything. This is not how trading is done one should have practice patience and techniques to become a pro trader.
The more your practice, the more you learn.
Nov 04 2020 at 07:23
“Most people fail in life not because they aim too high and miss, but because they aim too low and hit.” start forex trading
https://fxreviews.best/blog/can-you-trade-forex-with-just-100/
https://fxreviews.best/blog/can-you-trade-forex-with-just-100/
