Why Many Peolle Fail in Forex Trading?

[moonchild]

Brokers noted on their websites that over ninety percent of traders lose money in the market and they don't haves much stay rate, which means most times when traders go bust they give up and not refund their accounts anymore, why do you think this is such?

I think it's because trading is the opposite if everything we've been taught as children, most of our lives have been proactive whereas trading is basically reactive, you wait for most of the time before you take action and also, you have to deal with your biases as a human being and learn how how to control yourself,

 

[Massimo]

Many people fail in Forex trading because they don't have enough education and preparation.

 

[Ivo Zetticci]

Many traders fail in forex due to the lack of knowledge. Take lessons from mistakes and develop your learning enthusiasm. Try not to keep any space in your mind for frustration because sometimes frustration reaches such a level that makes trader commit suicide. FXOpulence sends the withdrawn money into account on time.