Well, such several unsuccessful beginners can be explained by a non-serious attitude to trading. They saw an advertisement where they are told how easy it is to trade, and they start trading with the idea that it is easy and does not require any effort. Then they realize that it is difficult, and they are not able to deal efficiently, and they quit trading.
I believe that such a large number of failed traders is due to the fact that newcomers are very greedy and take trading as a casino, not realizing that it is a structured system in which the experience and skills play a significant role. One should understand that nothing is easy, and one should make a lot of effort in any profession, including trading.
Every trader should be patient. And trading should be done according to discipline at all times. Without discipline, it is never possible to make a profit in trading. The chances of loss are less if you trade with patience and discipline. Most traders lose because they have less patience and try to make a profit without learning anything. You have to give up greed all the time in trading.
Majority of the people lose because they are not willing to learn the dynamics of trading fully, and want to jump into the action. They then have to bite the dust. It’s very important to learn all there is to trading, even if it takes a whole year, and then invest real money.
lack of discipline is definitely a cause for failure. you can use any trading system to profit, but no system is golden grill. when traders experience a stream of losses, they deviate from strategy and lose.