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Not only due to lack of authentic trading knowledge but also due to lack of exact trading area , proper risk and money management, trading with emotions , don't use stop loss and even reasons are liable for losing 90% traders within this trading platform.
I need to choose trading is like a company and it isn't gambling even Vegas I suggest the principle go for volume significance the more people play the game the longer they make base on home advantage. So if u treat you trading like a company then you have discovered the Holy Grail.
Most Currency Market traders tend to lose their hard earned cash. Not because those traders are confident or smart.
But rather, they are frequently influenced by the excitement of this moment, the thrill of an unfolding movement, the worry that they'll blow a trade which seems certain be won.
Top Reasons Traders Fail:
For the bald guy the reason is patience03:35, 05:35 and 07:00...
95 percent fail?
Numbers are easily taken for granted; maybe a picture creates more purposeful impression:
https://www.forexforum.co.za/attachm...1761958833.jpg
No egy no Advantage
I think it can be summed up as others have said earlier in the thread. Trading is a business. Many traders fail because of the exact same reason that many start up companies fail. The barriers to entry are only pretty low in trading so folks think it's simple and don't approach it with the exact same discipline. They soon find that it is not and most blow off their accounts quit and out.
Since 95 percent are sheep, they just need to follow. Add fear and some greed and there you go. 95 % refuse to believe this is a tricky job that require a lot of time and dediion to master.
Bingo. I wish I could recall what trader had stated this quote but it said trading is actually the toughest easy way to make moneyQuote:
Originally Posted by ;
I bet these 95% simply can not see the situation from the opposite side. Just one view, no egic thinking at all. It may be also caused by the fact that you can find too much details You Need to consider... It Contributes to confusion and wrong decisions, that is all