Most people fail because

There are only a few successful traders in this market and the majority of these traders fail when it comes to investing in forex. It’s obvious that trading in forex isn’t the easiest thing in this world and you must be hard working. Traders often have several scary thoughts about losing whatever they have and the overall failure of the trade. It is the basis of reading psychology but is often disregarded. Traders often allow emotions to meddle with their projects. Your trading decisions should not be controlled by emotions else you will face losses. Often traders don’t follow discipline which is very important when you trade forex else you might have consecutive losses. Greed makes traders act irrationally. Avoid over leveraging and over trading in the market. It is not doing any good and causes only harm.

Many people joined in forex with the hope to making a profit from trading, but not all traders will get the same result in trading, all depending each trader's skill and how good they can understand the nmarket behavior to adjusted trading strategy, the most trader fail in trading means this is no easy job, the only skilled trader will survive and knowledgeable.

The reason for this is that the majority of people do not have a comprehensive understanding of the market and its working system. They also do not possess the necessary set of skills and abilities. It is the first and most important factor contributing to their failure.

people fail because they always set a loser mindset , i think this is the main reason why we loss everyday.

Trading is an unpredictable thing to do. It needs sound knowledge to analyse the market. And yes, you are not gonna win each time. Losses are meant to be there while trading.

Most people fail because risks aren't calculated correctly.

I don’t think losses in trading mean an end to your career. You need to change your perspective to see the market from another point of view. A loss comes with a lesson that will help you prepare for the future. So, instead of crying over the spilt milk, you must work on improving the way you trade.

Many traders also fail because they are unable to analyse their risks properly and sometimes while trading it gets multiplied and leads to losses.

Failing is a common outcome of forex trading. You may think that you have the best trading experience and a proven strategy but you will still fail. The market is always moving and you have to find a pattern to find your entry and exit points. And it means you may or may not be able to make the right predictions all the time.

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.

SofieAndreasen posted:
New trader should start trading with demo account. Don’t rush to real trading.

No doubt on it, demo is the best way to learn Forex! Most of the traders are unable to earn money because, they used their demo so casually!

Traders fail because they have no idea about what they are doing in the forex market. They fail because they set unrealistic expectations even before they are capable of making money. Some of them even get too influenced by fake gurus and end up taking unnecessary risks.

Many individuals think the market is a quick money making strategy, which isn’t true. It’s quite the opposite, really. You need to put in lots of energy and time to actually benefit through profit. The risk is always high in the market. So, knowledge is needed to make consistent profit in the long term.

If trading environment is not favorable, it will badly impact your trading. So, keep this thing in mind while selecting a broker. There are a lot of brokers that offer traders a nice environment of trading and traders should trade with such a broker with whom risk-management is easy.

In my opinion, it is a lack of knowledge. The more someone knows a market, the more are the chances of their success.

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. 😄😄😉