Most traders don't get success

Truly 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 traders cannot be successful because they do not have good knowledge about trading. If you want to make a profit in trading, you must develop skills with patience. You have to make a profit by combining many strategies. Loss can occur if this combination is not correct. All in all, if you want to make a profit from trading, you have to learn first.

Success is achieved by those who take this trade seriously and treat it like a business.

Yes only around 5% traders are successful for long term. Lack of skills and psychology is the main reason of such failure. People give more focus on trading than learning. But learning should be the first priority.

Most of the traders don't get success because of their strategies. Most traders choose the wrong strategies.

Most traders don't get success because they have no knowledge about the market and trading.

idea of best way to learn about forex and trade

Forex is not a money-making machine. If you want to make a profit here, you have to develop skills first. And need to collect information. Need to know about money management and risk management. It is better to focus on education without focusing on profit. Profit will be automatic if you have proper knowledge about trading.

Most of the traders don't get success because of their low knowledge. Without knowledge, no trader can survive in this risky market.

Mikehamilton posted:
Most people lose in the forex market because they can’t keep their emotions aside. They become emotional and overtrade.

That’s true. I think fear of lose make the trader to do overtrading. So, invest small and keep your fear in control.

Not all traders can be successful because not all of them have the required knowledge about trading.

Lack of knowledge and strategy are the most common causes for failure in the trading market.

I think every trader has their own reason for not being successful in the market. It becomes quite important for everyone to research and develop the necessary skills required for trading forex.

Due to less knowledge of the forex market, this happens. For a trader, it is very important that you must know how to place good trades with proper trading strategy. and don't forget to back-test the strategies.

SofieAndreasen posted:
Lack of knowledge and strategy are the most common causes for failure in the trading market.

I agree with you. Proper knowledge is mandatory to trade in the forex market.

Because this reason forex called a high-risk high gain business, in success story we will read many traders that able to make big money from trading and look like very easy but in the fail story, an opposite story like as losing big money in forex then try to suicide, bankruptcy because forex has many debt in the bank etc,

Most traders don't get success in the forex market because of poor risk management.

I believe that the major reason for getting losses in forex is lack of knowledge and getting impatient to make maximum profits in a short span of time.

Yes most traders do not get success because they are not skilled enough to be successful. To be a successful traders, one needs to have good analysis skills and a sound and composed mind.