Most people fail because

Overconfidence and greed are two most common aspects of failure. People often let their greed for earning more and more take over their decision making ability.

If you can’t control your emotions, you might not be able to stay in the market for long.

Bladiminmunro posted:
Overconfidence and greed are two most common aspects of failure. People often let their greed for earning more and more take over their decision making ability.

Fear is also common. Fra of losing money drive ones' trading decision into wrong path.

most peope loose money in forex because they don't trade with <a href='https://www.forex-wikipedia.com/2020/10/how-to-organize-proper-risk-management-in-forex.html'>proper money management</a> tahts why they lose money in forex

Most traders fail in this market because of their choosing the wrong strategy. Success in the forex market mainly depends on the trading strategy you are using.

Yes, you are right, most traders do not know what they are doing. If they had gained knowledge about trading, they would not have accepted so much less.

Many people come to trading without adequate knowledge. But in the end I believe you only fail if you stop trying.

I think you should spend some more time on improving your knowledge and learning new skills.

Well, this is natural, because we do not have a certain experience in order for it to work, you can spend time

DoraWalletInvest posted:
Many people come to trading without adequate knowledge. But in the end I believe you only fail if you stop trying.

That's right. Forex has no more for quitting, only hard workers get good success here.

RelySmith posted:
For anyone with lack of knowledge, it is very easy to lose in the forex market.

Yes that's one of the major reasons.

Forex trading requires that many different factors are working well simultaneously. It's like a house of cards.. you take one card out and the whole structure collapses. Unfortunately many unprofitable traders jump from strategy to strategy thinking that's the source of the problem while not realizing that the culprit is most likely something else. It's very common that a strategy that works for one trader does not work for another. Usually that's an execution problem that could be based on a psychology factor such as lack of patience or greed. Or simply the fact that they trade the wrong sessions when liquidity is lacking, etc, etc... You must be very organized with your approach to trading. Knowledge through experience (screen time) is essential to proper execution so keeping a journal of every trade will help you figure out (in time) what you're doing wrong. It's a function of figuring out what works and what doesn't.. That's why it can be so hard and frustrating because it's not just one thing, only those VERY stubborn and persistent will figure out how all the pieces of the puzzle work. Not impossible but if you're impatient, greedy, wanting to make the big bucks in a month time you won't succeed at this game... You don't become a competent professional at anything if you lack the will to learn, change what's needed and apply it... Be serious, this is a very demanding game that will not forgive half-ass attempts... but if you're willing to put in the hard work your chances of succeeding will improve thousandfold.

Michihito posted:
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.

Most people fail due to lack of knowledge and control of their emotions

i dont think its because of knowledge, but emotions for sure because of too big positions.

Most traders lose because of their extra emotions. If he does not control his emotions, he will never be able to become a successful trader.

People fail because of lack of patience, knowledge and greed to earn more.

Lack of discipline, proper strategy and knowledge. Main factors responsible for a trader's failure.

More often than not, people fail because of their greed. This is the main enemy of the trader.

Daniel32946 posted:
More often than not, people fail because of their greed. This is the main enemy of the trader.

One of the biggest reasons indeed. I have seen people quit forex completely because of greed that wiped them badly.