WaltonCharles posted: Yes the reason of failure is lack of knowledge and skills. Most people here open trade out of hope. They hope price will go this or that way. But to be profitable we need skills and control over our emotions.
I completely agree with you. Low knowledge can put a trader into the great danger.
I think it’s easy to get the idea that trading is easy or that you can make money quickly with little effort. We can thank trading gurus and influencers for giving it that imagine. However, many beginners learn quickly that this isn’t the case and I believe that accounts for the large percentage of failed traders out there. Those that do their research and whom don’t think of it as gambling have a higher chance of becoming successful.