Most people fail because

Most people fail because most people do not have necessary knowledge and skills. People come here with a expectation of making money quickly and easily. Basically they are introduced forex in a wrong way. If they have been told it will take time to learn the necessary skills, the percentage would have been different.

Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making money. But we should control our greed if we want to stay in the market and make profit for long.

There is on shortcut to achieve success. Knowledge is only way in trading.

The main reason for failing in trading is not to trade under discipline and plan. Every trader should learn from Mistake.

There is a misperception that for success in forex you need big capital. But only big capital can't save you. Big capital is good when you are skilled enough. Otherwise No matter how big your capital is you would lose all the money. So in learning phase, low capital is the best option.

New trader should start trading with demo account. Don’t rush to real trading.

Because of:
Lack of knowledge
Inappropriate capital
Less/no risk management.

There are various reasons like Lack of knowledge, poor risk and money management, too much influence of emotions, trading without a plan and so on. We really should practice regularly to succeed in forex.

Most traders fail because of lack of knowledge and skill. They think forex is a shortcut to make money and don't consider about the risk.

The individual's reasons:

- Lack of sufficient knowledge of this market.
- Considering the market as two sell/buy buttons.
- Too much greed( A very small amount is also an obstacle)
- Lack of proper morale with financial markets.
- Lack of sufficient capital.
- Lack of work discipline

Environmental conditions:

- Getting lost in the empty and superficial layers.
- Too much confusion in choosing a system,
- being misled by fraudsters, Brokers, Unrelated and unprofessional people.
- The inherent complexities of financial markets.
- A lot of false information that is injected into them by individuals or companies.
- The inherent cruelty of financial markets.

Most traders lose because their trading mentality is very weak. And it is never possible to be a successful trader with this weak mentality.

Anyone who enters the forex market with the only aim of making money, often ends up losing money because it is about improving your skills and making the most of the market instead of focussing on making money solely.

People fail because most people do not want to learn the necessary knowledge and skills. People come here with a false expectation of getting money quickly and easily. As a result they start gambling and lose money. Many of them get addicted.

Yes, they do fail because there is a lack of commitment, knowledge and relevant skills.

Yes, all the reasons mentioned above are I think sufficient for this. What I do is, I use a separate account for actual trading and demo trading, I test my strategy first and then execute.

You can always be sure that by switching to real accounts in fully prepared ones.

Greed to become rich overnight and jumping into trading directly without having knowledge and experience is the reason most people fail.

MichaelEX posted:
Greed to become rich overnight and jumping into trading directly without having knowledge and experience is the reason most people fail.

Getting overconfident is another big folly of the new traders.

josejames posted:

MichaelEX posted:
Greed to become rich overnight and jumping into trading directly without having knowledge and experience is the reason most people fail.

Getting overconfident is another big folly of the new traders.

I wonder if there is any set time that traders should demo trade for, before going live?!