Most traders don't get success

It's true that most traders don't get success in forex. The reason is their trading decisions are not based on sound research and learning. They think forex is a cash machine. You trade and procure immense cash. They don't consider it as a business.

most of the traders don't get success because one, they are heavily impatient and second, they do not understand the mathematics that governs the market.
most of the traders think that they can utilise leverage, margin trading and futures trading to earn money ht the truth is, more than 70% of such traders fail.
traders also fail because they are involved with the wrong broker.

Most traders are unrealistic and think they will be rich overnight

Most traders refrain from achieving success due to low knowledge. To be successful in trading, of course, research and information gathering is essential.

Most traders face loss because they want rich quickly in forex but have no knowledge and skills and expertise.

There are lot of reasons for traders' failure, over trading, revenge trading, do not follow proper risk management etc.

In Forex, in order to be successful, you need to study the experience of successful brokers, their advice, strategies, etc.

Learning trading require time. So, none can be successful overnight.

High leverage, 24/5 trading opportunity, small time frames make trading very risky. Due to all these facilities people make themselves so engaged in trading. As a result they develop all the bad habits a trader can have.

Many people really cannot give themselves the opportunity to earn money, because they lack patience and hard work.

Quange posted:
Many people really cannot give themselves the opportunity to earn money, because they lack patience and hard work.

i agree with you

There is no denying the fact that the number of traders losing money in the forex market is more than the number of people making money in the forex market. You have to keep patience throughout your trading journey to ensure that you don’t lose hope just before you will make profits..

traders dont get success because of the greed to get more and more profit.

People do not see the real situation, do not perceive trading as a job. The desire to have everything and immediately leads to the collapse of not only illusions, but also hopes. It's all about the attitude of the person himself to trade

Most traders do not get success because many of them are not skilled enough. And many of them are slave to their emotions. They take decision by their emotions.

The reason behind trader's failure is lack of patience and knowledge.

Nathan_Han001 posted:
The reason behind trader's failure is lack of patience and knowledge.

Yes. You are right.

Trading on forex and seeing good returns is not a one day game. For consistent returns one have to maintain good consistency in his trading routine. Look for accurate entry and exit points on the chart with proper stop loss. Back-test your strategies on different timeframes for better results.

Think a lot of the failed trader percentage comes from those that quickly jump in with hopes to get rich with little knowledge or effort.