Why do more than 90% of traders lose?

Quote from emg:

Here is an interesting article i came across.

http://articles.latimes.com/2011/apr/03/business/la-fi-amateur-currency-trading-20110403

Think real real real hard if you want to pursue trading. Your dream of making money, your dream of getting rich quick, your dream of driving a Ferrari are all a myth. Movies u watched how traders get rich quick are all a myth.

The reality is, more than 90% of small traders lose!! They just lose!!!

I am looking for the best answers
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most of people lose money only because of the high volumes...imagine your deposit is 10000 dollars and you buy 3 lots of eurusd...isn't it risky? )))) most of traders work in the same way and lose
 
There is some solid effort and responses here, however about all of you are just wrong.

Trading is a slang term for risk on-risk off services. As a trader, you buy, hold, and sell risk. That is all it is.

All people need risk on- risk off.






I'm questioning how "elite" some elite traders over here are. :) (respond if you feel the same way!!!!!!)
 
Why do more than 90% of traders lose?

5% don't study at all.
15% study what doesn't work.
40% don't study enough / in detail.
20% approach trading incorrectly.
10% don't have sufficient analytical ability.
 
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