Most people fail because

Above everything else you require knowledge and appropriate trading outlook. In the event that we need to lead a secured and open to trading environment with positivity we the traders need to pick the solid broker which ensure their customers funds.

All the above there is some grain of truth. Brokers, knowledge, not knowing what they are doing, mindset, risk management ...
and Greed, greed, greed ...

But NO ONE said that losses are simply related to TIME! What I mean?
If you don’t take risks, you won’t earn.
You will have positive trades, you will have negative ones, but in the end all your CAREFUL trading will NOT MATTER, because the profit related to the time spent will not be profitable!
It will be some cents of profit ...
You definitely need to take risks to make money! Real money!
And risk is always associated with losses. That's the whole truth.
You're welcome :)

Cheers, Matt

The reason of failure is the lack of knowledge and skills. It doesn't help you with little knowledge of trading. One needs full understanding of the market.

Traders should learn from their mistakes and failures. As long as you have a positive attitude and are constantly learning, you will be successful in the long run.

UweMoench posted:
The reason of failure is the lack of knowledge and skills. It doesn't help you with little knowledge of trading. One needs full understanding of the market.

Also they have quite expectations thinking that it is one of the quicker way to make bucks

Greed is a top reason people fail . trade too much with too large a lot size because they want to get rich quick

strangermare posted:
Greed is a top reason people fail . trade too much with too large a lot size because they want to get rich quick

I agree with you, it is only the greed of people which leads them to losses in forex.

Poor risk control, bankroll management, letting fear be in control, emotional trading, revenge trading. These are the main culprits.

Everyone has one or two or more, that will a bigger challenge than the others, effecting them differently.

The reasons to understand foreign exchange in order to understand forex trading you made this why I believe that any online community or even varshali or social website or any account is the best strategy. The concept is simple, easy, and safe because it just dreams of few beers profit, and that should be easy to achieve. However, it also takes analysis of the market movement to find the existing trend and then do the trades accordingly since the Forex market moves with waves, which sometimes go up and sometimes go down, just like the price of Amore cake. The reason of feeling is that traders don't get to the right place at the right time, so it is difficult to make good profits in forex trading.

The reasons for failures can be different. I don't even know how many categories of failures exist. Every situation is different that is why it is a very hard task to try to generalise them. I can mention the most popular and widespread mistakes which young traders make and which lead to the absolute failure of one particular trading account. First of all, it is high expectations. There are so many people who come to trading with the idea that here they will make tons of money and become millionaires in a week. Surely, this assumption is far from being realistic. Trading requires lots of knowledge and skills and whatever. So, the first thing a trader should know is that trading requires lots of learning and practice if you want to become a success and make at least some profits. THe whole process of learning is not easy because nothing goes smoothly in the beginning and there is practicaly no motivation as you don't earn anyting in the beginning. Secondly, choosing the wrong broker. I know that forex market is becoming more and more regulated, but there is still many scams here. THat is why a trader should be extremely careful while choosing the broker which will not disappear in a week with your money in their pockets.

Most people fail because they believe in fairytales that trading is the infinite source of money available to everyone without proper background, knowledge and skills. Surely, such a conception is far from being true as trading requires lots of patience, efforts and motivation. It is something like answering the question of why the most of writers fail to be famous and well-paid. Because not all of them are ready to live in poverty before the learn how to write cool things and attract publishing houses. Trading is quite the same: only the strongest can stick it out and get to the bottom of everything which happens on the market. They accept the challenges of the market every day and they are ready to overcome the hurdles on their ways. If you think that you can come to trading and start making good decent profits immediately, you'd better go to casino and leave the money there. At least, you'll derive some pleasure from it.

most people fail because to having same reason , its very true fact and human common nature , when you do same mistake again and again then remember its not a mistake its a own choice.

i failed in my trading career due to emotions so many times, it causes a huge loss. actually i think there is no one who can control emotions for all time.

croisssan posted:
Oftentimes, the cause is undue risk. This, too, should not be ruled out, many make such mistakes.

Most traders fail in this market because of their minimum knowledge and skills.

Many factors determine whether a trader will be profitable or not. Some of the most common factors include discipline, effective strategies, and risk management. Many traders do not have one or more of these factors, and this is why most fail in forex.

during corvid 19 so many traders come into this market place and most of them are beginner's , they tried to bring some amount from this trading place but failed at the end of the day.

I think most traders fail due to lack of knowledge and because of their urge of making quick profits.

I have noticed more and more beginners signing up on other forums. It's good that there is a lot of interest in trading, but I can't help but assume that many of them are trying to rush into it without the knowledge that comes with it. I've also seen a lot of posts saying that they are trying to make money quickly, which never works in this market without the proper knowledge or time investment.

There are a lot of factors that could be the reason for failure but the main reason according to me is less knowledge. If you start trading without enough knowledge you are going to make losses and that too continuously sometimes. But if someone enters trading after learning and practising, trading would be comparatively easy and profitable.