Most people fail because

I believe sometimes people are driven by emotions, and make decisions based on greed which ultimately brings them down in trading. Also, there are many factors responsible which causes people to fail in trading:
1. Wrong mindset.
2. They consider trading as a shortcut to make money.
3. Not focused.
4. Lack of knowledge.

Gewgaw posted:
Most of the traders fail in the forex market because they lack adequate knowledge. Often traders start trading without learning anything and then suffer losses. Traders also skip trading in a demo account and trade in a live account, which is disadvantageous for them. Also, most of the traders get emotional and ruin their trading career.

100% agree on this. I think knowledge can go a long way when it comes to trading and skills can be learned, but not having adequate knowledge is a crucial mistake.

Most of the traders fail because they randomly trade on forex without much knowledge and experience.

Oh many people fail because they are lazy lmao. Alas, laziness is something that each of us needs to fight. While people are lazy, they pay less attention to analysis, money management, trading, risk calculation, etc. And many more fail because of the strong confidence in their knowledge. I know what I'm talking about guys. Take off your crown, you don't need it while trading. 😄😄😉

They trade using emmotions, with no experience and over leveraged.
Rule 1 - dont lose money, rule 2 - dont forget rule1

The reason, why most people fail, is because they give up so early

As a new trader, you should know why traders fail so that you don’t make the same mistakes. The main cause of their failure is lack of knowledge and psychology. Because of this, about 90-95% fail. Forex requires commitment and an open-mind to learning and consistency. Many new traders only come to the market to earn quick bucks, which is not always achievable in this market.

UweMoench posted:
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.

Rather than doing so, if a trader trade moderately, you can make profit on average. As a result, traders fall into loss and can’t survive in Forex for long.

There are different ranges and angles where the market remains stuck and those who have sufficient market knowledge can utilize these opportunities to make profit.

Traders can generate profit from here sitting at home. So, to make your trading more ease, you should start with a reliable trading broker.

broker is important , thee is no way to deny , but choosing a broker is really a difficult task , because most of brokers in online right now found as scams.

Greeding is definitely one of the biggest reason...

I think trading too much, not conducting enough research, and relying too heavily on recommendations are some common mistakes made while trading.

Depending of your trading style, but most of the time it's because we stay too much on positions

Traders should earn expertise on a certain type of trading so they can gradually develop this type.

At the very initial stage, it’s really hard for traders to develop a strategy for trading well as new traders don’t know the market well.

However, don’t make a utopian scheme about trading because it will destroy you. Follow a step by step guide to develop yourself.

New traders should pass more time with the market to understand the market well so they can make a good strategy for them. Newbie traders have run their attempts thyself to develop their ability.

There could be many reasons for this. But from what I have noticed, traders fail because of a lack of trading mindset, skills, etc. They expect to make quick money, without putting any real effort.