There are many reasons which can account for failure of a trade. The forex market is very volatile and even a simple mistake can lead to losing the trades.
Some of the reasons why traders lose in forex trading are:
-Lack of research
-Lack of discipline
-More greed than fear
-Not enough patience
-Fail to manage risk
-Indecisive trading
I agree with this point; really, a number of traders try to make money randomly! They don’t follow any rule, or any proper structure! As a result, they lose their trading momentum so early!
Unfortunately, most often the reason for this is believed to be that the trader simply does not have enough experience. This is what leads to losses in the results of work.
Information like this that many websites provide is quite misleading. The 90% traders who lose in forex trading 90% of the time are beginners. They have little knowledge about analysing the market and risk management which makes them prone to lose trades.
But when it comes to traders who have had years or months of experience in the market, they make decent profits and quite consistently.
There are numerous reasons for forex traders to lose money. Forex traders sometimes make mistakes such as not conducting adequate research, overtrading, and following too much advice. Many forex traders have lost money as a result of these mistakes.
The reason for the losses is bad advice given to beginners by similarly unsuccessful traders.
Some traders trade using some kind of money management - N% per trade or something like that. Others, usually beginners, trade at random, choosing a lot or something like that. These are two different approaches to trading, lying on the same plane. Some earn, others lose. I can tell you about the third type of trading, where instead of the book money management tactics are used to manage the available funds in the account. And it does not matter whether you open in Buy on the top or Sell on the bottom. Knowing how to manage your idle funds, you’ll make a profit in any case. You must know exactly what you will do when the market goes against you.
Because of the carrots 
dangling in front of them ,via the likes of YouTube .They run before they can walk
The figure is true. Lack of education and skills, false beliefs like forex will make them rich quickly, high expectations, lack of consistency and discipline, in addition to what you have posted, are the factors which contribute to their failure.
Greed and lack of risk management are two of the biggest causes of failure in the forex market. They forget that it is education and good risk management that is necessary to trade. Trading without any plan is nothing but gambling and in gambling, you don’t control anything once you’ve placed the bets.
Losses are mainly a result of failed strategies. Sometimes, traders fail at analysing the market properly and sometimes, the market doesn’t let proven strategies work. Some traders are too greedy to make money, while some are too fearful to make trades.
Basically, Forex isn’t any easy way of money making; it’s too much complicated! That’s why most of the traders loss their capital with their ordinary trading skill!
Because there are subtle differences between knowledge and experience , experience is paramount to be successful.
If there were some type of requirement in order to open a trading account, like a test you had to pass or class you needed to take, I think we would see the 90% fail rate shoot down. A lot of those failed traders get inspired by someone that is preaching a false narrative or think that trading is an easy way to success. Once they realize it isn’t, they abandon it and move on to the next big idea. I do love how accessible trading is and that everyone has access to do it, just think that having to prove knowledge on some level would help filter out those that don’t know what they’re doing and give us a more accurate percentage based on traders that are out there everyday trying their best to make it.
I would say it again…it is greed why a lot traders fail. My experience says it. Always have a strategy before implementing anything.
Forex trading is lucrative, which is why so many traders try their luck in it in the hope of making quick and easy money. Little do they know that there are several risks that await them on the way.
Discipline, control over emotions, consistency, and lack of knowledge are the factors responsible for the loss of so many traders in the forex market.
A lot of reasons like the trader’s greed, fear of missing opportunity, market unpredictability, and lack of knowledge count for the losses.
It’s absolutely normal to lose money in the forex market. Instead of crying over the losses, find out what went wrong. Losses will keep taking place as long as you remain a trader. So, try to accept them and don’t repeat the same mistakes ever.
Due to lack of enough knowledge, patience and discipline almost more than 90 percent of traders fail in the market. These are essential elements for a successful trading career.
Traders frequently become overconfident and take forex for granted. Some people believe forex is a get-rich-quick scam and enter the market with little or no information. Traders maintain unreasonable expectations, which leads to poor decisions, frustrations, and damages. It is important to be well educated & experienced before trading forex.
Those who are beginners will surely encounter some losses during the learning phase. But most new traders cannot deal with the losses and they end up quitting. This is the main reason behind 90% of forex traders losing as they don’t have the patience to wait and develop their skills to get to the winning side. Those who are determined to learn will surely be successful in the long run.