The main reason of failure

The main reason of failure is unwillingness to learning and study. Forex trading is for skilled people. You can't make profit just by following some ready-made strategies available on internet. Beforehand investing your money into market, invest your time for learning. After learning learn to apply your knowledge. It needs time and patience.

I know examples when unlucky traders or even people who don't know how to trade just used EA and so they can earn money

I don't prefer auto trading. However, if you can build EA with your own trading strategy, it is ok.

I think the main reason for failure is lack of proper education, experience, skills and knowledge about anything.

Kroolsc posted:
The main reason could be lack of proper knowledge about trading. Sometimes, the beginners fail to understand how forex works and are unclear about the basics of it.

True. Even experience traders also sometime forget the basic knowledge or rule of trading.

One of the best lessons I have learned that do not trade high impacts news if you are not sure about the movement of the price. Just by hear other or reading some online prediction, do not do news trading.