Why do many traders are failure in Forex market?

[Alexis_0]

People say 90% of the traders is failure in this market. What do you think of the possible reason behind this?

 

[mukoh]

Most likely they ask questions on forums and then fail to actually learn and trade. Could be wrong.

 

[maxinger]

Most likely they ask questions on forums and then fail to actually learn and trade. Could be wrong.

Right.

Or they ask the Q and they refuse to read the answers.

 

[schizo]

People say 90% of the traders is failure in this market. What do you think of the possible reason behind this?

Instead of worrying about other peoples' failure, why don't you pay attention to your own first?

As for you, do you have an "edge"? Do you know your R:R for every trade? Do you know when the market is overbought or oversold, etc etc?

 

[SmithFX]

Lack of knowledge and analytical capability are cardinal reasons behind failing in Forex.

 

[TrAndy2022]

90/90/90 rule. 90% of traders loose 90% within 90 days.
Having a sound strategy, which requires market understanding and some experience new traders do not have. Also in contrast to SP500 Buyandhold does not work in FX. So just going long does not do the trick to be profitable in FX. Also having access to very high leverage is only favorable for very experienced traders, because as a new trader you can only ruin yourself with high leverage.

• Poor Risk Management
• Not Adapting to Market Conditions
• Expectations & Lack of Guidance
• Insufficient Capital
• Trading Addiction
• Not Following a Trading Plan
• Overtrading

https://www.theforexguy.com/reasons-for-forex-trading-failure/

 

[Andrew_0]

Lack of analytical knowledge is the cardinal reason for which traders are mostly failure.

 

[murray t turtle]

People say 90% of the traders is failure in this market. What do you think of the possible reason behind this?

%%
Dont know but some did well in RE;
+ amazing such nonrandom losses in stocks 1st year LOL, never had time for it
Don Bright Daytrading Co noted it was so unregulated ;
but that is just a daytrade co.
I WONDER why all 90% dont start a bank/ I mean the bank did fine profits lending for RE??

 

[SunTrader]

Lack of knowledge and analytical capability are cardinal reasons behind failing in Forex.

Lack of analytical knowledge is the cardinal reason for which traders are mostly failure.

Why are bots so common to FX.

Must be ummm a cardinal reason.

 

[BAT31]

I suspect many fail, because they can't think beyond the broker's platform and all the bells and whistles that come with it. As long as they stay myopically focused on the aforementioned, many will continue to fail.